Arbitron Investors Win Class Cert. In Failed Tech Row

Law360, New York (September 2, 2011, 4:29 PM EDT) -- A federal judge on Friday certified a class of Arbitron Inc. stockholders accusing the radio audience measuring firm of concealing problems with new company technology, despite Arbitron's objections that the lead plaintiff didn't know enough about the litigation, including a scandal that rocked the class counsel.

The lead plaintiff, a pension fund, filed suit in New York federal court claiming that Arbitron, whose primary business is measuring radio audiences for radio stations and advertisers, didn't properly disclose problems it was having with new audience measurement technology...
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