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FRIEDLANDER v. TROUTMAN, SANDERS, LOCKERMAN

No. 85-8399.

788 F.2d 1500 (1986)

Herman FRIEDLANDER, individually on behalf of himself and all former minority common shareholders of Nimslo Technology, Inc., a Georgia corporation (dissolved), Plaintiffs-Appellees, v. TROUTMAN, SANDERS, LOCKERMAN & ASHMORE, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

May 9, 1986.

Attorney(s) appearing for the Case

William G. Leonard, Thomas S. Richey, John T. Marshall, Atlanta, Ga., for defendant-appellant.

Edward L. Greenblatt, Henry A. Brachtl, Atlanta, Ga., for plaintiffs-appellees.

Before JOHNSON and ANDERSON, Circuit Judges, and DYER, Senior Circuit Judge.

ANDERSON, Circuit Judge:

In this case we must determine the most appropriate state statute of limitations to apply to a claim for a violation of § 10(b) of the Securities Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R. § 240.10b-5.

I.

Friedlander alleges that Troutman, Sanders participated in a scheme to defraud him and other members of the class he represents in connection with the forced sale of stock owned by members...

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