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High Court Raises Bar for Investors' Suits

Companies trump shareholders for second time in a week

By M. Morris,  Newser Staff

Posted Jun 21, 2007 3:14 PM CDT

(Newser) – Investors who accuse companies of fraud based on executives' misdeeds must show that they acted intentionally, the Supreme Court ruled today, making it easier for corporations to have shareholder lawsuits dismissed. The decision helps protect companies against frivolous suits by clarifying a 1995 law, the...   Read full story »

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