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The federal judge overseeing the litigation caused by Cendant Corp.'s 1998 stock plunge ruled the company can pursue its suit to recoup any losses caused by Ernst & Young. The decision clears the way for Cendant to try to prove liability and win damages at trial, or seek a settlement with Ernst & Young to recover some of the $3 billion the company paid shareholders to settle a class action fraud case.
April 30, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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