District Court, D. Puerto Rico November 17, 2000, 99-1704 SEC (Monell v. BEST PERSONNEL SYSTEMS, INC.)

OPINION AND ORDER

ARENAS, United States Magistrate Judge.

PROCEDURAL BACKGROUND

On June 24, 1999, plaintiffs Carlos Mo-nell and Monell & Monell Associates, Inc., brought fraud claims under section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), Rule 10b-5 of the Securities and Exchange Commission, 17 C.F.R. § 240.