AINSWORTH, Circuit Judge:
This is an appeal from a decision of the District Court rescinding a stock purchase agreement and an accompanying indemnity agreement and promissory note because of violations of the anti-fraud provisions of both Texas and federal securities laws. Securities Exchange Act of 1934 § 10, 15 U.S.C. § 78j; Tex.Rev.Civ.Stat.Ann. art. 581-33; Tex.Bus. & Comm.Code § 27.01.
Sitting without a jury, the District Judge found...
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