Kohntopp v. Butcher

MEMORANDUM

ROBERT L. TAYLOR, Chief Judge.

This is an action for violations of Section 10(b) of the Securities Exchange Act, 15 U.S.C. § 78j(b), Rule 10b-5 of the Securities and Exchange Commission, and common law. Plaintiffs allege that defendants committed the violations in connection with the offering for sale stock in the former United American Bank in Knoxville. Plaintiffs ask the Court to certify a class pursuant to Fed.R.Civ.Pro. 23, to be defined as follows:

All persons who purchased the securities of the United American Bank (“the Bank”) during the period from the issuance of the Bank’s…