JACOBS, Circuit Judge. John Kilgour Lentell and Brett and Juliet Raynes, as lead plaintiffs for purchasers of the publicly traded stock of two internet companies, appeal from the dismissal by the United States District Court for the Southern District of New York (Pollack, J.) of their securities-fraud actions against Merrill Lynch Co. and its former star analyst, Henry M. Blodget (collectively, “Merrill Lynch,”…
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