EMISCO INDUSTRIES, INC. v. PRO'S INC.

No. 75-1799.

543 F.2d 38 (1976)

EMISCO INDUSTRIES, INC., an Illinois Corporation, and I. L. Grossman, Inc., an Illinois Corporation, Plaintiffs-Appellants, v. PRO'S INC. et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided October 29, 1976.


Attorney(s) appearing for the Case

John J. Berwanger, Chicago, Ill., for plaintiffs-appellants.

Dominic J. Mancini, Roy C. Palmer, Chicago, Ill., for defendants-appellees.

Before CASTLE, Senior Circuit Judge, and SWYGERT and CUMMINGS, Circuit Judges.


SWYGERT, Circuit Judge.

Emisco Industries, Inc. and I. L. Grossman, Inc. appeal from the district court's dismissal of their complaint brought under section 27 of the Securities Exchange Act of 1934, 15 U.S.C. § 78aa, for an alleged violation of section 10(b) of the act, 15 U.S.C. § 78j, and Rule 10b-5, 17 C.F.R. § 240.10b5, promulgated thereunder. The appeal involves an interpretation of the federal securities...

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