MEMORANDUM
TYLER, District Judge.
In May, 1964, plaintiff commenced this action on his own behalf and of those similarly situated to recover damages against defendants for alleged false and fraudulent statements issued by defendant Faradyne Electronics Corp. in a prospectus and registration statement issued in November, 1959. Liability is said to be based upon Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5 of...
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