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Plaintiffs Protest Merger Proposal Press Release in Securities Class Action: Gross v. GFI Group, Inc.
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By Christopher G. Lazarini

*Whether a statement would give an investor a false impression is generally a question reserved for the fact-finder.

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Experts’ Differing Opinions Spawn Securities Fraud Class Action: Martin v. Quartermain
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By David C. Franceski, Jr.

*Opinions are misleading only if not truly held, objectively false or the product of material omissions.

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Fraud Case Fails to Implicate Prevailing Party Attorney Fees Contract Clause: Stella v. Asset Management Consultants, Inc.
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By Ben Suter

A contract provision authorizing an award of attorney fees and costs to the prevailing party in an action to “enforce” the contract does not apply where the suit alleges fraudulent misrepresentations and does not assert a cause of action “on the contract” that authorizes the award of attorney fees and costs.

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Balking Clients Sour Deal, Spark Court Battle Between Investment Firms: Kortright Capital Partners LP v. Investcorp Investment Advisers Limited
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By Pete S. Michaels

A party with unique or special expertise may have a duty to disclose information within that expertise to other parties with whom it deals.

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Court Closes Securities Class Action It Calls Scant of Sufficient Scienter: Fain v. USA Technologies, Inc.
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By David C. Franceski, Jr.

Though circumstantial evidence of reckless financial reporting, along with motive and opportunity to commit fraud,

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The Seventh Circuit Has Its Say on SLUSA: Holtz v. JPMorgan Chase Bank N.A.
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By James L. Komie

Where facts are alleged that include a misrepresentation or omission of material fact in connection with the purchase or sale of a security,

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