Fifth Circuit Court Cases - Case Law and Opinions from the 5th Circuit Federal Court - Court of Appeals

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United States Court of Appeals,
Fifth Circuit.
No. 96-21019.
Robert S. FRANK; Ida L. Frank; Nancy A. Frank; Daniel S.
Frank; Edgar E. Hancock; Marek Brothers 401K Plan; MBC
Foundation; The Executive Group; Ralph Marek; Paul A. Marek;
Bruce Marek; R. Stan Marek; William A. Marek, Sr; John L. Marek;
Martha Marek; Bessie Marek; Frances Marek; Reinnette Morin
Marek; Katherine Marek; Marvin P. Nodvin; Sondra D. Nodvin,
Plaintiffs-Appellants,
v.
BEAR STEARNS & COMPANY; CS First Boston Corporation; Greenwich
Capital Markets, Incorporated; Goldman Sachs & Company; Kidder
Peabody & Company, Incorporated; Lehman Brothers; Nomura
Securities International; Painewebber Incorporated; Prudential
Securities
Incorporated; Salomon Brothers Incorporated,
Defendants-Appellees.
Dec. 19, 1997.
Appeal from the United States District Court for the Southern
District of Texas; David Hittner, Judge.
Before REYNALDO G. GARZA, HIGGINBOTHAM and DAVIS, Circuit Judges.
ON PETITION FOR REHEARING
(Opinion November 26, 1997, 5th Cir.1997, 128 F.3d 919)
PER CURIAM:
IT IS ORDERED that the petition for rehearing filed in the
above case is GRANTED in PART. We hereby change the opinion as
follows:
The first sentence of the first full paragraph on page two (2)
of our opinion in this case is hereby changed from:
One of the many purchasers that bought these securities
directly from the defendants was High Yield Management, Inc.
("HYM").
to:
One of the many purchasers that bought these securities
directly or indirectly from the defendants was High Yield