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IN RE ATLANTIC FINANCIAL MANAGEMENT, INC.

No. 85-1454.

784 F.2d 29 (1986)

In re ATLANTIC FINANCIAL MANAGEMENT, INC. Securities Litigation, Petitioners.

United States Court of Appeals, First Circuit.

Decided February 19, 1986.

Attorney(s) appearing for the Case

Jerome Gotkin, with whom Gordon P. Katz, Steven M. Sayers, Widett, Slater & Goldman, P.C., Alvin K. Hellerstein, and Stroock & Stroock & Lavan, were on brief, for appellant AZL Resources, Inc.

Peter J. Schneider with whom Lawrence G. Cetrulo, Burns & Levinson, Samuel Adams and Warner & Stackpole, were on brief, for appellees.

Before COFFIN and BREYER, Circuit Judges, and WYZANSKI, Senior District Judge.

BREYER, Circuit Judge.

This appeal presents a certified question, 28 U.S.C. § 1292(b), arising in a Securities Act misrepresentation case. Securities Exchange Act of 1934, § 10(b), 15 U.S.C. § 78j(b); Rule 10b-5, 17 C.F.R. § 240.10b-5. The plaintiffs in the case claim that Maurice Strong, the chairman of AZL Resources, Inc., misrepresented certain facts as a result of which they bought AZL stock and later (when the stock's price declined) lost...

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