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Appeal from the United States District Court for the Southern District of Texas

This case requires us to determine whether the Securities Act of 1933 (“the 1933 Act”) applies to a 90-day “bridge” loan and whether a single phone call and the mailing of allegedly fraudulent information can be sufficient to establish personal jurisdiction over non-resident defendants. Plaintiff alleges violations of the 1933 Act and Texas state law. The district court granted defendants’ motion to dismiss, holding that the plaintiff failed to state a claim under the 1933 Act and that the evidence was insufficient to establish personal jurisdiction over the defendants. We agree with the district court as to the reach of the 1933 Act, but we find that sufficient minimum contacts exist as to all but one of the appellees and reverse the district court’s dismissal as to the state law claims.

I. Facts and Proceedings Below

 
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