Plaintiff claims a loss of principal of $778,818.57, along with the loss *68 of the interest which the Coop would have received from an "appropriate" investment. Plaintiff alleges a cause of action under the federal securities laws, the RICO statute, and common law fraud. Subsequently, particularly in 1989, the value of the bonds dropped precipitously, leading finally to a liquidation when they fell to less than 50% of their original principal value. Though both sides now agree that the funds consisted of high risk, high yield bonds, plaintiff claims that at the time of purchase Almonte fraudulently led the Coop to believe that the funds represented a low risk, conservative investment, appropriate for the needs of the Coop's depositors. Plaintiff complains that Almonte, while working at Kidder in 1986, fraudulently induced the Coop to invest over three and a half million dollars in Drexel Burnham "junk bond" funds. Plaintiff claims that at all times it has sought investments which are unspeculative and which would provide a safe, moderate rate of return. Defendant Ramón Almonte ("Almonte") was the securities representative, first as an employee of Kidder and later as an employee of Paine Webber, who recommended and carried out securities purchases for plaintiff. ("Kidder") and Paine Webber Incorporated ("Paine Webber") are financial services providers through whom plaintiff purchased various securities. Plaintiff Cooperativa ("Coop") is a single-branch savings and loan institution incorporated and operating in Puerto Rico. Bobonis, Bobonis Bobonis & Rodriguez Poventud, Condado, P.R., for Paine Webber. Néstor Méndez-Gómez, Richard Graffam, McConnell Valdes Kelley Sifre Griggs & Ruiz-Suria, San Juan, P.R., for Kidder, Peabody. Woods, Woods & Woods, San Juan, P.R., for Ramón M. *65 *66 *67 Roberto Boneta, Enrique Peral, Muñoz Boneta Arbona Benitez & Peral, San Juan, P.R., for Cooperativa de Ahorro y Credito Aguada. Almonte, Jane Doe, and the property partnership existing between them, Defendants. COOPERATIVA de AHORRO y CREDITO AGUADA, Plaintiff,
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