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5th Circ. Revives Shareholder Suit V. Unwired, Execs

By Tina Peng ( April 9, 2009, 12:00 AM EDT) -- A circuit court has partly reversed a lower court's dismissal of a putative class action alleging that material misrepresentations by U.S. Unwired Inc. and its directors wrongfully inflated, then contributed to a drop in the company's stock price, saying the plaintiffs successfully pled loss causation on some claims....

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