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3rd Circ. Vacates Class Cert. In Schering ERISA Suit

By Brendan Pierson (December 22, 2009, 5:13 PM EST) -- A federal appellate court has vacated a district court's decision certifying a class in a suit accusing Schering-Plough Corp. and its fiduciaries of misleading its employees about the value of its own stock, causing them to invest their pensions in securities that ultimately lost tens of millions of dollars in value....

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