658
OCTOBER TERM, 1993
Per Curiam
certiorari to the united states court of appeals for the fifth circuit
No. 93-609. Argued April 26, 1994—Decided May 23, 1994
997 F. 2d 39, affirmed by an equally divided Court.
James W. B. Benkard argued the cause for petitioners. With him on the briefs were James D. Liss, Vincent T. Chang, Hannah Berkowitz, James L. Truitt, Robert B. Mazur, Ernest E. Figari, Jr., Theodore Edelman, Fletcher L. Yarbrough, Robert G. Cohen, Kathryn A. Oberly, and
Morton L. Susman.
Richard G. Taranto argued the cause for respondent Pacific Mutual Life Ins. Co. With him on the brief were H. Bartow Farr III and Stewart M. Weltman. Michael R. Dreeben argued the cause for the United States. With him on the brief were Solicitor General Days, Assistant Attorney General Hunger, Deputy Solicitor General Kneedler, Barbara C. Biddle, Paul Gonson, and Jacob H. Stillman.*
Per Curiam.
The judgment of the United States Court of Appeals for the Fifth Circuit is affirmed by an equally divided Court.
Justice O'Connor took no part in the consideration or decision of this case.
*James M. Finberg and Paul J. Mishkin filed a brief for the National Association of Securities and Commercial Law Attorneys as amicus curiae urging affirmance.
Barbara B. Edelman and Barry Friedman filed a brief for Spendthrift Farm, Inc., et al. as amici curiae.
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