SCHWARTZ, Chief Judge.
The appellant Galacticomm sued the appellee for the breach of a "firm commitment" agreement under which the defendant was to have underwritten an initial public offering of Galacticomm securities. It now appeals from a judgment dismissing the complaint with prejudice. We reverse on a holding that the complaint adequately stated a cause of action and that First Equity's assertion that it acted appropriately under the agreement does no more than...
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