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Judge Gives Nod To $586M Deal In IPO Action

By Erin Coe ( June 11, 2009, 12:00 AM EDT) -- A federal judge has given tentative approval to a $586 million settlement in a massive securities case brought by investors that alleged banks including Credit Suisse Group AG and Morgan Stanley rigged initial public offerings during the 1990s tech bubble, leaving plaintiffs with a significantly smaller recovery amount than the billions of dollars they had sought at one point in the case....

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