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A new report by Cornerstone Research in conjunction with Latham & Watkins LLP provides a first-ever comprehensive analysis of the characteristics of opt-out securities cases. In these cases, at least one putative class member excludes itself from the class in order to pursue a separate lawsuit against the defendant. Not surprisingly, plaintiffs are more likely […]
BlackRock, CalPERS, T Rowe Price Group and others opt out of $624 million class action settlement.