CHEMETRON CORP. v. BUSINESS FUNDS, INC.

No. 80-1658.

718 F.2d 725 (1983)

CHEMETRON CORPORATION, Plaintiff-Appellee Cross-Appellant, v. BUSINESS FUNDS, INC., et al., Defendants-Appellants Cross-Appellees.

United States Court of Appeals, Fifth Circuit.

Opinion on Granting of Rehearing December 29, 1983.


Attorney(s) appearing for the Case

George J. Wade, Henry Weisburg, Jennifer Freeman, Shearman & Sterling, New York City, Alan R. Bromberg, Jenkens & Gilchrist, Dallas, Tex., Kenneth M. Morris, Morris & Campbell, Houston, Tex., for Business Funds, Inc.

Charles W. Schwartz, Christopher W. Byrd, Vinson & Elkins, Harry M. Reasoner, John L. Murchison, Jr., Ann Lents, Houston, Tex., Charles Alan Wright, Austin, Tex., for David C. Bintliff.

Wood, Campbell, Moody & Gibbs, Gary C. Miller, Debora D. Ratliff, Robin C. Gibbs, Robert N. Brailas, Houston, Tex., for Estate of John F. Austin, Jr.

Reynolds, Allen & Cook, Joe H. Reynolds, Lloyd R. Cunningham, Jr., P.J. Murphey Harmon, Houston, Tex., Carl E. Rothenberger, Jr., Vincent C. Deluzio, James G. Park, Pittsburgh, Pa., Louis Loss, Cambridge, Mass., for plaintiff-appellee cross-appellant.

Richard A. Kirby, Senior Sp. Counsel, Washington, D.C., Jacob H. Stillman, Lawrence W. Koltun, Washington, D.C., for S.E.C. amicus curiae.

Before GEE, REAVLEY and WILLIAMS, Circuit Judges.


Opinion on Granting of Rehearing En Banc December 29, 1983.

ON REMAND FROM THE SUPREME COURT OF THE UNITED STATES

JERRE S. WILLIAMS, Circuit Judge:

In Chemetron Corp. v. Business Funds, Inc., 682 F.2d 1149 (5th Cir.1982), we denied Chemetron's civil damages claim under Section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5. Chemetron...

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