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Securities – Securities Fraud – Scienter (access required)

Saying it is not establishing “blanket immunity for accountants for otherwise actionable statements with a strong inference of scienter,” the 4th Circuit nevertheless upholds dismissal of a securities fraud case against Deloitte & Touche involving two food service companies, because the “stronger and more plausible inference is that the Deloittes were,” like plaintiff investors, victims ...

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