Opinion for the Court filed by Circuit Judge BORK.
Opinion concurring in the judgment filed by Chief Judge WALD.
BORK, Circuit Judge:
Klaus Zoelsch brought this action against Arthur Andersen & Co. in federal court in the District of Columbia on behalf of himself and at least thirty-one others, all citizens of the Federal Republic of Germany. In the complaint, he stated two claims under the United States securities laws and four common law claims...
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