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The Securities Class Action, Not So Special?

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1 Response

  1. Lawrence Cunningham says:

    Interesting. Also interesting was how all three opinions in the case (majority, concurring and dissent) cited heavily Don Langevoort’s thoughtful article questioning the soundness of the fraud on the market theory. As Don quipped when I asked him about that, “apparently the piece means whatever a reader wants it to mean.”

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