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ROCHE v. ROYAL BANK OF CANADA

Nos. 96-1748, 96-1932.

109 F.3d 820 (1997)

John C. ROCHE and Mark A. Dirico, Plaintiffs, Appellants, v. The ROYAL BANK OF CANADA and Deloitte & Touche, Inc., Defendants, Appellees. The ROYAL BANK OF CANADA and Deloitte & Touche, Inc., Defendants, Cross-Appellants, v. John C. ROCHE and Mark A. Dirico, Plaintiffs, Cross-Appellees.

United States Court of Appeals, First Circuit.

Decided April 1, 1997.

Attorney(s) appearing for the Case

Vincent M. Amoroso, Boston, MA, with whom John J. O'Connor and Peabody & Arnold were on brief, for plaintiffs.

Mark A. Berthiaume, Boston, MA, with whom Gary R. Greenberg, Louis J. Scerra, Jr., Jonathan D. Cohen, and Goldstein & Manello, P.C. were on brief, for defendants.

Before SELYA, Circuit Judge, COFFIN, Senior Circuit Judge, and LYNCH, Circuit Judge.

LYNCH, Circuit Judge.

The plaintiffs, Boston-area businessmen John Roche and Mark DiRico, invested in a fish farm in Prince Edward Island, Canada. The venture failed, and they sued the court-appointed receiver which sold them the farm and the bank which had originally financed the project. A jury found against plaintiffs on their claims of common law fraud and misrepresentation for failure to meet their burden of showing proximate cause. The district court, initially...

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