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Auto Parts Co. Can't Rely On 2nd Circ. Ruling In Securities Suit

By Aebra Coe (April 10, 2015, 1:51 PM EDT) -- A California federal judge has ruled that U.S. securities laws control Motorcar Parts of America Inc.'s suit accusing a bankrupt Canadian subsidiary of defrauding it into an acquisition, saying the Second Circuit's interpretation of the U.S. Supreme Court's Morrison v. National Australia Bank holds no sway in the case....

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