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9th Circ. Denies USAE Bid To Dismiss Securities Suits

By Jeff Sistrunk (June 17, 2014, 6:56 PM EDT) -- The Ninth Circuit on Tuesday rebuffed a bid by U.S. Aerospace Inc. officers to dismiss a pair of securities suits alleging that they made sham transactions to enrich themselves, finding that the shareholder plaintiffs have standing to sue and that diversity jurisdiction exists in the two actions....

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