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Tellabs' Impact Varies By Judicial Circuit

Law360, New York (August 22, 2008) -- When the Supreme Court handed down its Tellabs Inc. v. Makor Issues & Rights Ltd.[1] decision in June 2007, it was hailed by many commentators as an important victory for corporate defendants, helping them get securities fraud cases dismissed by tightening pleading standards.

Examination of Tellabs’ influence a year later, however, reveals a more complex picture, and a more varied impact....

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