Securities and Exchange Commission v. Dresser Industries, Inc.
United States District Court for the District of Columbia
628 F.2d 1368 (D.C. Cir. 2009)
The Securities and Exchange Commission (SEC) (plaintiff) investigated whether Dresser Industries, Inc. (defendant) had falsified its financial records to hide bribes to foreign officials from public view. At the same time, the Department of Justice (DOJ) investigated the possibility of criminal violations committed by Dressler. Based on documents that Dressler had voluntarily submitted to the SEC, which the SEC then turned over to DOJ, DOJ brought the matter before a grand jury. Both the SEC and the grand jury issued subpoenas seeking information from Dresser. The district court ordered the enforcement of the SEC subpoena. Dressler appealed.
Rule of Law
Holding and Reasoning (Skelly Wright, C.J.)
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