Shareholder Suit Over United Rentals Deal Nixed

By Jacqueline Bell (March 12, 2009, 12:00 AM EDT) -- A federal court has dismissed a proposed securities fraud class action related to a 2007 buyout deal gone bad between United Rentals Inc. and Cerberus Capital Management LP, saying the plaintiffs failed to meet the pleading standards established by the Private Securities Litigation Reform Act....

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