David L. Wood, R. E. Evans, Tommy J. Head and David Tirey, Jr. v. Combustion Engineering, Inc.

JOHN R. BROWN, Circuit Judge:

Appellants, four individuals, brought this action against Appellee, Combustion Engineering, Inc., claiming that they had been prompted to exchange their stock in another corporation for Combustion stock as a result of fraudulent misrepresentations, and omissions, on the part of Combustion. Appellants’ complaint states a claim under the federal securities laws and a diversity claim under the Texas Blue Sky law. The District Court entered judgment dismissing the entire complaint. We find that the District Court correctly ruled that a two-year limitations period was…