CHICAGO - A law firm may be responsible for Federal Rule of Civil Procedure 11 sanctions in a securities class action lawsuit for its conduct regarding the use of a confidential witness who ended up recanting information he provided to the law firm's investigator once the witness' identity was revealed, a Seventh Circuit U.S. Court of Appeals panel ruled March 26 in remanding the action to a federal court to determine whether sanctions are warranted (City of Livonia Employees' Retirement...(read more)![]()
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