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Court of Chancery Explains Scope of Permitted Release
Posted In Class Actions
In Re Countrywide Corporation Shareholders Litigation, C.A. 3464-VCN (August 24, 2009)
This is another in a series of decisions explaining the limits of a release in settlement of a class action. The opinion particularly focuses on when a common law fraud or federal securities law claim may be released.
Tags: Class Actions
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