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3rd Circ. Tosses Most Of Shareholder Suit V. Avaya

By Evan Weinberger (April 30, 2009, 12:00 AM EDT) -- A federal appeals court on Thursday largely upheld the dismissal of a shareholder lawsuit against Avaya Inc., saying that the plaintiffs had not made sufficient claims of scienter and that the majority of statements alleged to be false fell under safe harbor rules of existing securities law....

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