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Commercial – Securities – Future Earnings Predictions (access required)

Although plaintiff stock purchasers allege that defendant company artificially inflated its stock price by not disclosing the full impact of a slowdown in the company's contract awards with the Department of Energy, the purchasers' suit under the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5 was properly dismissed by the ...