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Securities

Apr. 9, 2003

Buy, Sell or Hold: Stockholders Can Still Sue for Fraud

SACRAMENTO - Stockholders can sue for fraud when they are induced to hold onto their shares, and not just to buy or sell stock, by a company's misleading financial forecast, the California Supreme Court ruled Monday.

By Hudson Sangree
Daily Journal Staff Writer
        SACRAMENTO - Stockholders can sue for fraud when they are induced to hold onto their shares, and not just to buy or sell stock, by a company's misleading financial forecast, the California Supreme Court ruled Monday.
        "We conclude that California law sh...

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