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GONZALEZ v. BANCO CENT. CORP.

No. 93-2021.

27 F.3d 751 (1994)

Olga GONZALEZ, a/k/a Olga Gonzalez Abreu, et al., Plaintiffs, Appellants, v. BANCO CENTRAL CORP., et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided June 30, 1994.

Attorney(s) appearing for the Case

Fernando L. Gallardo, with whom Woods & Woods was on brief, for appellants.

Luis Sanchez Betances, with whom Ivonne Cruz Serrano, Luis A. Melendez-Albizu, and Sanchez-Betances & Sifre were on brief, for appellees.

Before SELYA, Circuit Judge, BOWNES, Senior Circuit Judge, and STAHL, Circuit Judge.

SELYA, Circuit Judge.

This appeal raises tantalizing questions concerning the application of the doctrine of res judicata to nonparties. Because we conclude that appellants cannot lawfully be precluded from bringing their action in the circumstances at bar, we reverse the district court's order of dismissal and remand for further proceedings.

I. BACKGROUND

In the 1970s, a consortium of real estate developers...

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