Boyle v. Merrimack Bancorp, Inc.

MEMORANDUM AND ORDER

YOUNG, District Judge.

This is one of a number of securities fraud claims made against banks in the wake of the collapse of the New England real estate market. See e.g., Loan v. First Service Bank, 89-0251-T; Motel v. Bank of Boston, 89-2269-H; Pheterson v. Bank of New England, 89-2582-S; Dubowski v. Bank of New England, 89—2811—S; Sei nfeld v. Bank of New England, 89—2855—S; Roberts v. Bank of New England, 89-2895—S; Taubman v. Bank of New England, 89— 2935—S; Joselow v. Bank of New England, 89—2936—S; Segal v. Bank of New England, 89—2937—S; Newby v. Bank of New England,…