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Dismissal Of Redback Investors' Fraud Suit Upheld

By Jacqueline Bell (May 13, 2009, 12:00 AM EDT) -- A federal appeals court has upheld a lower court's decision to throw out a putative securities class action brought by Redback Networks Inc. shareholders, who accused the telecommunications company's executives of fraud involving the purchase of revenues from Qwest Communications International Inc. and others through bribery....

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