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Front Page

Apr. 9, 2003

Justices Allow Stockholders to Sue Over Advice to Hold Shares

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