Crew III, J.P.
This action arises out of certain investments made by plaintiffs in what was at all relevant times a publicly traded telecommunications company named AMNEX, Inc. In January 1997, plaintiff Francesco Galesi acquired between one and two percent of AMNEX's stock and became a member of the company's board of directors. Shortly thereafter, in a bid to increase its available cash, AMNEX elected to make a bond offering, and HSBC Securities, Inc. was selected...
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