OPINION OF THE COURT
SEITZ, Chief Judge.
Five individual and three corporate defendants appeal from a judgment entered against them on a jury verdict awarding the plaintiff damages for violation of § 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and rule 10b-5, 17 C.F.R. § 240.10b-5.
I. Factual Background
In the spring of 1972, the plaintiff became a 20% shareholder and president of Catalyst...
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