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Third Circuit Calls for Sanctions in “Lawyer-Driven” Stock Suit

calendar_today April 24, 2023 person Thomas G. Wilkinson, Jr. domain cozen-oconnor

The Third Circuit recently opined that sanctions were warranted against investors who pursued claims against an ailing company that were brought solely for the purpose of leveraging a settlement. The ruling stands as a stark warning of the potential consequences to securities lawyers and their clients if their claims are deemed frivolous. In Scott, et …

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