Plaintiffs seek recovery from the underwriter and investment advisor of the United Accumulative Fund (Fund), a management investment company commonly known as a mutual fund, for misleading them as to the ability of the defendant to execute a sell order issued by the plaintiffs which was to become effective when plaintiffs' holdings in the Fund achieved a specified sum. In 1966 plaintiffs invested approximately $25,000 in the Fund, with all dividends and profits being reinvested...
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