Law360, New York (October 09, 2009, 3:21 PM ET) -- A federal judge has denied a motion to dismiss a shareholder action against GT Solar International Inc. concerning the company's $500 million initial public offering last year and its stock's fall from grace the very next day.
U.S. District Judge Joseph Laplante of the District of New Hampshire ruled on Wednesday that investors led by the Arkansas Public Employee Retirement System could go ahead with a putative class action against the company, which saw its stock drop by 24 percent the day after its IPO....
GT Solar Shareholder Suit To See Light Of Day
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