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CalPERS Denied Bid To Appeal Lead Plaintiff Status

Law360, New York (July 31, 2009) -- A federal judge overseeing securities litigation stemming from Bank of America Corp.'s $50 billion acquisition of Merrill Lynch & Co. has denied a bid to seek appeal of an order granting lead plaintiff status to a group of five public pension funds.

The California Public Employees' Retirement System had sought a pre-motion conference to discuss moving for certification of the order for interlocutory appeal, but Judge Denny Chin of the U.S. District...

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