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Court oks securities class action, worker retaliation claims (access required)

Incidental reports of problems can satisfy the materiality requirement in a securities fraud claim, the U.S. Supreme Court ruled today. The unanimous ruling in Matrixx Initiatives v. Siracusano found that such reports need not be statistically significant to make a showing of material misrepresentation or omission in a security class action case. The case was brought ...

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