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Corporate securities litigation has never been big business in Washington, D.C. Until now. Plaintiffs' lawyers rushed to Alexandria, Va., last week to file at least 15 stock fraud class actions against Virginia-based MicroStrategy on news that the company had to dramatically restate earnings for the past two years. While the cases are not the first stockholder suits to be filed in the Eastern District, local litigators and attorneys for emerging companies see the flurry as a signal of stormy weather ahead.
April 05, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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