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Sycamore Escapes Hot Topic Merger Class Action

By Jeff Sistrunk (May 5, 2014, 4:49 PM EDT) -- A California federal judge on Friday freed Sycamore Partners LLC from a putative investor class action alleging its $600 million purchase of Hot Topic Inc. undervalued the retail chain, while finding the plaintiffs sufficiently supported claims that Hot Topic's directors misled shareholders about the company's financial prospects....

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