No. 82-8473.

709 F.2d 1419 (1983)

Arthur E. DIAMOND, etc., et al., Plaintiffs-Appellants, v. Peter LAMOTTE, et al., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

Rehearing and Rehearing Denied September 12, 1983.

Attorney(s) appearing for the Case

Cofer, Beauchamp, Hawes, Brown, Julie Childs, Atlanta, Ga., for plaintiffs-appellants.

Philip S. Coe, Atlanta, Ga., for Lamotte.

James R. Gilreath, Greenville, S.C., Marion Smith, II, Atlanta, Ga., for Guinn.

Thomas C. Harney, Kevin B. Buice, Atlanta, Ga., for all other defendants-appellees.

Before TJOFLAT and VANCE, Circuit Judges, and MORGAN, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied September 12, 1983.

LEWIS R. MORGAN, Senior Circuit Judge:

The appellants instituted this action in the United States District Court for the Northern District of Georgia to recover damages which they alleged they incurred as the result of the appellees' violations of federal securities laws and state laws. The district court granted summary judgment in favor of the appellees on the federal securities claims holding the...

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