OPINION OF THE COURT
STALEY, Circuit Judge.
We are asked to determine whether a corporation is derivatively liable when its president has violated the fraud provisions of the Securities Exchange Act of 1934. Appellant, Rochez Brothers, Inc. ("Rochez"), appeals from the district court's finding that no evidence was presented to establish the liability of the corporate defendant, M.S. & R., Inc. ("MS&R"). Rochez argues that MS&R is liable under...
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