OPINION
MUIR, District Judge.
I. Introduction.
Plaintiffs Williamsport Firemen Pension Boards I and II (Pension Boards) filed this action against Defendants E.F. Hutton & Company, Inc. (E.F. Hutton) and Peyton McDonald on April 15, 1983. Jurisdiction of this Court is alleged to be conferred by federal securities law and by the diversity of citizenship of the parties. See Complaint ¶ 9. However, there is no diversity of citizenship...
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