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WALSCHE v. FIRST INVESTORS CORP.

Civ. No. 2:91CV00178(AHN).

793 F.Supp. 395 (1992)

Kenneth L. WALSCHE and Mary Audree Walsche v. FIRST INVESTORS CORP.

United States District Court, D. Connecticut.

April 1, 1992.

Attorney(s) appearing for the Case

L. Douglas Shrader, Beverly Stauffer Knapp, Zeldes, Needle & Cooper, Bridgeport, Conn., for plaintiff.

Larry R. Lavoie, Kirkpatrick & Lockhart, Washington, D.C., Benjamin H. Green, Kelley, Drye & Warren, Stamford, Conn., for defendants.

RULING ON MOTION TO DISMISS

NEVAS, District Judge.

In this securities fraud action grounded in federal and state law, Kenneth L. Walsche and Mary Audree Walsche (the "Walsches") sue their stockbroker, First Investors Corporation ("First Investors"), to recover a substantial portion of their life savings they claim they lost when First Investors fraudulently sold them shares of a mutual fund that consisted of junk bonds. Pursuant to Rules 9(b) and 12(b)(6...

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