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Genzyme Escapes Investor Class Action Over Stock Plunge

By Kurt Orzeck ( June 5, 2014, 8:26 PM EDT) -- The First Circuit refused Thursday to revive a consolidated class action accusing Genzyme Corp. of misleading the U. S. Food and Drug Administration over manufacturing plant problems and selling its securities at artificially inflated prices, ruling the allegations didn't sufficiently show deceitful intent. . . .

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