Rehearing and Rehearing In Banc Denied August 7, 1989.
WILKINSON, Circuit Judge:
Here we must determine whether a securities wrongdoer, held liable under § 12(2) of the Securities Act of 1933, 15 U.S.C. § 77l(2), has an implied right to contribution or indemnification under that provision. We also must decide whether the federal securities laws preempt plaintiff's pendent statutory claims for contribution and indemnification, see Md. Corps...
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