This section contains the nature of the case and procedural background.

Two plaintiffs took separate actions against Alco under rule 10(b) of the Securities Exchange Act. Those actions were consolidate, and the plaintiffs decided to have the actions certified as a class action under Rule 23. The defendants opposed that motion based on four issues. The trial court granted the class certification.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.