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Joseph A. Allerhand, a partner at Weil Gotshal & Manges, and Paul A. Ferrillo, of counsel at the firm, conclude that, at least in securities fraud litigations, defendants have made successful inroads against the "no merits" review doctrine in class-certification motions, especially where the fraud on the market theory has been advanced.
November 29, 2004 at 12:00 AM
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