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500.com Denies Hiding Risk Of Suspension From IPO Investors

By Maya Rajamani (November 17, 2015, 2:21 PM EST) -- Online Chinese sports-lottery service 500.com asked a California federal court on Monday to dismiss a putative class action claiming the site misled investors ahead of its 2013 initial public offering in the U.S. about its legal authorization to issue and sell lottery products in China, maintaining it never hid that its sales could be suspended....

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