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Practitioners should be aware of a recent decision in which the 2nd Circuit discussed the standards applicable in determining a sanctions award for a frivolous complaint under the Private Securities Litigation Reform Act of 1995. The different analyses of the court's majority and concurring opinions, and the issues left undecided, are likely to affect the outcome of future sanctions applications and are worth careful review.
December 12, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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