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Securities – Reform Act – Rule 11 Sanctions – Lead Counsel Role (access required)

In this suit by an investor who sued a brokerage firm for securities fraud after his account lost 21 percent in value through defendant Wachovia Securities Inc., the district court, on remand from the 4th Circuit, imposes an admonition sanction on plaintiff's lawyers and law firm, arising from the investor's faulty stock loan claim and ...