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Securities Practice: Skadden Arps

Law360 (June 26, 2008, 12:00 AM EDT) -- As shareholders and Wall Street firms square off in court in suits filed over the subprime meltdown, the class certification stage has become an important proving ground, according to Susan L. Saltzstein, a partner in Skadden Arps Slate Meagher & Flom's litigation group.

“Class certification has become a battleground, especially in subprime cases,” she said.

After the U.S. Supreme Court handed down several key decisions that honed the pleading requirements for securities class action cases, plaintiffs attorneys have responded by altering their approach to bringing suits....
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