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Class actions have been filed by individual shareholders and pension funds in the wake of the scandals of Enron, Global Crossing and Tyco, and investors are looking for answers as to where one-third of their portfolios have gone. However, a little-known section of the U.S. Bankruptcy Code -- § 510(b), 11 U.S.C. 510(b) -- may result in shareholders never receiving a dime from companies that enter bankruptcy proceedings.
May 16, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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