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3rd Circ. Revives Investor Suit Against Carnegie Mellon

Law360, New York (October 28, 2009) -- A federal appeals court has revived a British investor's lawsuit against Carnegie Mellon University for investment losses he allegedly sustained when a company sponsoring one of the school's research projects went under.

The U.S. Court of Appeals for the Third Circuit on Monday reversed a ruling in favor of the university, finding that the lower court erred in concluding that the plaintiff...

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