MIDDLEBROOKS, District Judge.
PRELIMINARY STATEMENT OF ACTION
This action was commenced under the Securities Exchange Act of 1934, as amended, Title 15, U.S.C.A., § 78a et seq, and jurisdiction is invoked pursuant to § 27 of the Act, Title 15, U.S.C.A. § 78aa, and the principles of pendent jurisdiction. Plaintiff brings this action individually and derivatively on behalf of Meridian Investing and Development Corporation ("Meridian").
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