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The California Supreme Court has agreed to decide whether investors given misleading financial forecasts can sue for securities fraud in state court even if they didn't sell their shares. Four months ago, a California appellate court ruled such suits can be brought under common law, but not under securities statutes. Attorneys warn the precedent could cause a rush to California courts.
November 22, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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