Annual Report 1976 .. SEC v. Howard R Hughes -Followlng the death of Howard Hughes In April 1976, the court, on the Commission's motion, agreed to substitute his estate as defendant (the case now being re-captioned SEC v iummtsetal In the action, filed In March 1975 by the Commission, which alleged a sequence of actions by Hughes, his wholly owned company Summa, his attorney and Summa director , Chester C. Davis ,and his assistant, Robert Maheu ,arising from the bid by Hughes In 1968 to purchase the assets of Air West, a regional West Coast airline. The Commission's complaint alleged, among other things,…