HERLANDS, District Judge.
On defendant Massachusetts Mutual Life Insurance Company's motion and plaintiff's cross-motion for summary judgment, the dispositive question of law is whether a particular issue of preferred stock constitutes a "class" of stock as distinguished from a "series" of stock. This question of the distinction between "class" and "series" is a matter of novel impression under the "insider's profit" provision of the Securities Exchange Act of 1934...
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