CMKM Diamonds Inc (fka CMKX)

[Sec 10]

Yup, nuffie, that what happens when you file BS frivilous suits against the Feds.

Although companies have never had a right of private action against the feds or against individuals based on a decline in their share price. There is ample district and appelate case law establishing that principal. The Mighty O'Quinn simply tried to ignore it.

All it really does is clarify the standard for getting past an immediate dismissal; you have to plead sufficient facts to establish the possibility that the NSCC was engaging in gross misconduct or violating the Securities Acts.

The operative words there being "factual pleadings," nuff, not wild accusations and conclusions.