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ANSIN v. RIVER OAKS FURNITURE, INC.

Nos. 96-1734, 96-1735.

105 F.3d 745 (1997)

Harold S. ANSIN, et al., Plaintiffs, Appellees, v. RIVER OAKS FURNITURE, INC., et al., Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided February 3, 1997.

Attorney(s) appearing for the Case

Edward P. Leibensberger, with whom John C. Fitzpatrick, Glenn E. Deegan, and Nutter, McClennen & Fish, LLP were on brief, Boston, for plaintiffs, appellees.

Ames Davis, with whom Nancy S. Jones and Waller Lansden Dortch & Davis were on brief, Nashville, TN, for defendants, appellants.

Before CYR, BOUDIN, and LYNCH, Circuit Judges.

LYNCH, Circuit Judge.

This case arises from a series of transactions among former fellow shareholders of a Mississippi close corporation, River Oaks Furniture, Inc. The Ansins,1 Massachusetts investors, allege that Thomas Keenum and Stephen Simons, officers and directors of River Oaks, fraudulently induced them to sell their shares in River Oaks ten months before a successful initial public offering ("IPO"). The Ansins also allege that...

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