Diamond v. Lamotte

LEWIS R. MORGAN, Senior Circuit Judge:

The appellants instituted this action in the United States District Court for the Northern District of Georgia to recover damages which they alleged they incurred as the result of the appellees’ violations of federal securities laws and state laws. The district court granted summary judgment in favor of the appellees on the federal securities claims holding the action was time barred by the two year limitations. Appellants bring this appeal contending the district court should have applied a four year limitations period.

For the purpose of the motion for…