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In California Public Employees' Retirement System v. Chubb Corp. , the 3rd Circuit confronted for the first time the proper standard for pleadings based on confidential witnesses. While the court ultimately adopted the rationale employed by the 2nd Circuit for analyzing allegations based on confidential sources and appeared to confirm the viability of the sounds in fraud doctrine, the application of these two standards in future cases remains an open question.
June 15, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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