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Refusing to close courthouse doors that are already shut in the federal courts, the California Supreme Court on Monday allowed investors who hold stock that declines in value to sue for fraud. But in clearing the way for so-called holder's actions, the court also erected high hurdles that corporate lawyers hope will restrict the number of such suits -- and may make them impossible to bring as class actions.
April 09, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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