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Shareholders Failed To Plead Federal Securities Law Claims, Federal Judge Rules

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NEW YORK - Dismissal of a shareholder class action lawsuit is proper because lead plaintiffs have failed to plead any elements of the federal securities law claims, a federal judge in New York ruled March 29 (In re Travelzoo Inc. Securities Litigation, Nos. 11-5531 and 11-6845, S.D. N.Y.; 2013 U.S. Dist. LEXIS 46437)....(read more)

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