FAIRCHILD, Senior Circuit Judge.
Plaintiff commenced this action under the federal securities laws, alleging that the brokerage firm handling his account had defrauded him through various misrepresentations and by engaging in excessive trading ("churning") for the purpose of generating commissions. In a special verdict, the jury found against defendant on both grounds and awarded damages of $97,000. The district court then denied a motion for a new trial, but granted...
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