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Home / Opinion Digests / Alternate Lead Plaintiff OK’d in Securities Case (access required)

Alternate Lead Plaintiff OK’d in Securities Case (access required)

In this securities fraud class action, the Alexandria U.S. District Court will not exempt an institutional investor with the largest loss from the Private Securities Litigation Reform Act’s requirement that a securities fraud plaintiff may serve as lead plaintiff in no more than five class actions in a three-year period; the court appoints the institutional ...