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Home / Opinion / 09-1750 In re: Motorola Securities Litigation

09-1750 In re: Motorola Securities Litigation

Securities ERISA; affiliated purchasers A corporation’s profit sharing plan cannot claim a share of the settlement of a securities fraud action. “[T]he Plan is an affiliate of Motorola and on this basis is excluded from the class, although we arrive at this conclusion by a slightly different analysis. The district court applied the ordinary meaning of the term ...

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