Kmart Shareholder Class Action Booted

By Samuel Howard ( July 22, 2009, 12:32 PM EDT) -- A federal judge has tossed a putative class action by Kmart Corp. shareholders for failing to back up allegations that top officers of the big box retailer now part of Sears Holding Corp. concealed the true value of the company's real estate assets, suppressing the company's stock price. . . .

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