Royal American Managers, Incorporated v. Irc Holding Corporation and Joseph Ambriano, Cross-Appellants, Gerald Dolman, Cross-Appellee
Court of Appeals for the Second Circuit
1Opinion of the Court
MINER, Circuit Judge:
Plaintiff-appellant Royal American Managers, Inc. (“RAM”) appeals from a judgment entered in the United States District Court for the Southern District of New York (Metzner, J.) dismissing claims grounded on section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, 15 U.S.C. § 78j(b) (1982) & 17 C.F.R. § 240.10b-5 (1988); section 12(2) of the Securities Act of 1933, 15 U.S.C. § 77l(2) (1982); and common law fraud. RAM instituted this action against IRC Holding Corporation (“IRC”), Joseph A. Ambriano (an officer and director of IRC), and…
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