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Worry Not, Justices Hold Line In Securities Fraud Cases

, Daily Business Review


Worries that the U.S. Supreme Court would issue another ruling to impede the pleading or proving of securities fraud cases has dissipated as justices unanimously rejected an attack on Basic v. Levinson for the fraud-on-the-market presumption of reliance on misrepresentations at class certification, writes attorney Charles Lichtman.

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