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Sara R. Breisinger Orrick Herrington & Sutcliffe LLP

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Second Circuit revives securities fraud class action, finding economic loss where stock price rebounds soon after fraud is disclosed *

USA - August 21 2012
Imagine a plaintiff who buys stock in a company that subsequently discloses a misstatement in its financial statements that existed at the time plaintiff invested.

Co-authors: Lori Lynn Phillips , Richard A. Martin.