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U. of Phoenix Parent Beats Investors' Action In 9th Circ.

By Brandon Lowrey (December 16, 2014, 7:49 PM EST) -- A Ninth Circuit panel Tuesday upheld the dismissal of a shareholder securities fraud class action alleging the University of Phoenix's parent company made false statements about enrollment, revenue growth and its financial condition, saying the company's claims were lawful "business puffing" and weren't objectively false....

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