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CPI Says Investor Is Unfit To Lead $173M IPO Suit

Law360 (June 12, 2018, 4:25 PM EDT) -- In opposition to a class certification bid, CPI Card Group Inc. told a New York federal court on Monday that a man seeking to represent a class of investors accusing the chip-enabled card maker of misleading them in a $172.5 million initial public stock offering has a lack of familiarity with the case that makes him unfit for the task.

The Colorado-based card maker said that Alex Stewart's deposition testimony shows he is unfamiliar with and has had limited participation in the litigation of his claims...
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