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Securities fraud class actions tumble

The number of securities fraud class actions filed in 2006 was the lowest ever recorded in a calendar year since the adoption of the Public Securities Litigation Reform Act of 1995, according to a study released today.

The number of securities fraud class actions filed in 2006 was the lowest ever recorded in a calendar year since the adoption of the Public Securities Litigation Reform Act of 1995, according to a study released today by the Stanford Law School Securities Class Action Clearinghouse, and Cornerstone

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