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What does it take for a hot company's stock -- trading at $175 per share -- to collapse? A news story. For example, the story that appeared on Forbes ' Web site, that detailed how MicroStrategy Inc. had engaged in some intriguing accounting maneuvers. While the story of Microstrategy's rise in the new economy is as paradigmatic as its fall, ultimately it serves to illustrate the boom in the securities class action business.
August 31, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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