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Bon mots

"You can observe a lot just by watching." Yogi Berra

"We do not distain to borrow wit or wisdom from any man who is capable of lending us either." Henry Fielding, Tom Jones

"In our complex society the accountant's certificate and the lawyer's opinion can be instruments for inflicting pecuniary loss more potent than the chisel or the crowbar." United States v. Benjamin, 328 F.2d 854, 862 (2d Cir. 1964)

Registration Revocation Proceeding Dismissed

Loehmann's Inc., Exchange Act Rel. 34-62257, June 10, 2010

The Division of Enforcement filed proceedings to revoke the registration of 12 companies including Loehmann's. In fact Loehmann's had previously filed a withdrawal of its registration, but the filing contained a typographical error (incorrect file number) so it was improperly filed in the Commission's record keeping system. Since Loehmann's had in fact filed a withdrawal depriving the Commission of jurisdiction the Commission granted the Division's motion to dismiss the proceedings.