BOUDIN, Circuit Judge.
The present appeal arises out of a federal securities lawsuit filed by Cooperativa de Ahorro y Credito Aguada ("Cooperativa"). Cooperativa is a small, one-branch savings and loan "cooperative" located in Aguada, Puerto Rico. Between June and December 1986, Cooperativa purchased $3.5 million in Drexel Burnham Lambert "unit trusts," securities representing participations in several trusts whose assets were corporate bonds. The securities were...
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