EASTERBROOK, Circuit Judge. Belleville Shoe Manufacturing Company redeemed 550 shares of its stock from Marian Short in 1977, paying $273 per share. Twelve years later Short filed this suit under § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and the SEC’s Rule 1 Ob-5, 17 C.F.R. § 240 .10b-5, contending that Belleville (a closely-held, family corporation) and its co…
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