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Justices Urged To Allow Negligence Standard In M&A Suit

By Reenat Sinay ( March 22, 2019, 6:20 PM EDT) -- Emulex Corp. investors urged the U.S. Supreme Court to affirm a Ninth Circuit ruling that they need only prove negligence, not intent, in their putative class action over a low tender offer in a merger, a move that would establish a lower pleading standard for investors bringing securities suits....

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