[DOWNLOAD] "First Jersey Securities Inc. v. Bergen" by Third Circuit United States Court Of Appeals * eBook PDF Kindle ePub Free

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eBook details

• Title: First Jersey Securities Inc. v. Bergen
• Author : Third Circuit United States Court Of Appeals
• Release Date : January 29, 1979
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 74 KB

Description

We are presented with a petition for a writ of mandamus, urging us to direct the district court to dismiss a suit for want of subject matter jurisdiction. The suit was filed in the United States District Court for the District of New Jersey, by First Jersey Securities, Inc., and some of its officers and personnel ("First Jersey"), seeking to enjoin the National Association of Securities Dealers, Inc., (NASD) and George J. Bergen, vice president of NASD and District Director for NASD District 12, from proceeding with a disciplinary hearing. The complaint also sought monetary relief. First Jersey requested a preliminary injunction while NASD moved for dismissal of the suit. The district judge denied both motions and retained jurisdiction over the suit. NASD then filed this petition. We stayed discovery in the action pending final disposition of the matter in this court. Because the district court is without jurisdiction to entertain this action which has resulted in unwarranted interference with the administrative process, we will grant the petition for a writ of mandamus and direct the district court to dismiss the case.

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