Supreme Court indicates shareholder lawsuit rules may be tightened

U.S. Supreme Court justices signaled they might tighten the standards for securities lawsuits, questioning shareholder accusations that telecommunications equipment maker Tellabs fraudulently inflated revenue. In arguments Wednesday in Washington, several justices said a lower court decision allowing the suit wasn’t in line with a 1995 federal law that set new requirements on investor claims. “I hope we’re ...

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Supreme Court indicates shareholder lawsuit rules may be tightened

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