GOLDBERG, Senior Circuit Judge:
We are today asked to decide whether a stockholder whose stock is purchased at a sheriff's sale is entitled to the protection of Rule 10b-5. For the purpose of ruling on this appeal from a dismissal for lack of standing and for failure to state a claim upon which relief can be granted, we accept the facts alleged by plaintiff to be true.
I.
Plaintiff-Appellant, Ralph Falls, Jr., owned stock in Charter Medical Corporation...
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