Fed. Sec. L. Rep. P 97,567 Edmond G. Pharo v. W. L. Smith

TJOFLAT, Circuit Judge:

This is a securities fraud case. In the proceedings below, the district court granted the motion for summary judgment of one of the defendants, Deltec International, Ltd. (Deltec), on all claims, and entered final judgment pursuant to Fed.R.Civ.P. 54(b). In this appeal from that judgment, we find no merit in plaintiffs’ federal securities laws claims against Deltec and affirm.

I

All of the plaintiffs’ claims in this case arise out of their purchases of common stock in Smith’s Pride Foods, Inc. (Smith’s Pride), a Delaware corporation with headquarters in Birmingham,…