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ALLIED DEVELOPMENT CORP. v. FIRST NATIONAL BANK & TRUST CO. OF STEUBENVILLE

No. 73-1958.

496 F.2d 1180 (1974)

ALLIED DEVELOPMENT CORPORATION et al., Plaintiffs-Appellants, v. The FIRST NATIONAL BANK & TRUST COMPANY OF STEUBENVILLE, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided May 2, 1974.

Attorney(s) appearing for the Case

Lyman Brownfield, Brownfield, Kosydar, Bowen, Bally & Sturtz, Columbus, Ohio, for plaintiffs-appellants.

Bernard Fineman, East Liverpool, Ohio, for defendant-appellee; Aronson & Fineman, East Liverpool, Ohio, Dominic J. Bianco, Coleman & Bianco, Steubenville, Ohio, on brief.

Before CELEBREZZE, LIVELY and ENGEL, Circuit Judges.

PER CURIAM.

Appellants filed a complaint in the District Court for the Southern District of Ohio, alleging that Appellee had violated Rule 10b-5 of the Securities and Exchange Commission, promulgated under Section 10(b) of the Securities Exchange Act of 1934, in connection with the sale of a promissory note to Appellants. Although Appellants generally alleged that the sales had been accomplished "through the use of the United States mails and instrumentalities of...

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