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WOOD v. COMBUSTION ENGINEERING, INC.

No. 78-2498.

643 F.2d 339 (1981)

David L. WOOD, R. E. Evans, Tommy J. Head and David Tirey, Jr., Plaintiffs-Appellants, v. COMBUSTION ENGINEERING, INC., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

April 24, 1981.

Attorney(s) appearing for the Case

Butler, Binion, Rice, Cook & Knapp, Hayden Burns, J. Nicholson Meindl, Houston, Tex., for plaintiffs-appellants.

Rosenman, Colin, Freund, Lewis & Cohen, Steven Wolowitz, Peter F. Nadel, New York City, Baker & Botts, Darrel E. Reed, Jr., Houston, Tex., for defendant-appellee.

Before BROWN, GEWIN and POLITZ, Circuit Judges.

JOHN R. BROWN, Circuit Judge:

Appellants, four individuals, brought this action against Appellee, Combustion Engineering, Inc., claiming that they had been prompted to exchange their stock in another corporation for Combustion stock as a result of fraudulent misrepresentations, and omissions, on the part of Combustion. Appellants' complaint states a claim under the federal securities laws and a diversity claim under the Texas Blue Sky law. The District Court entered...

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