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Toshiba Investors Say Morrison Ruling Doesn't Nix Fraud Suit

By Bonnie Eslinger ( May 16, 2016, 11:44 PM EDT) -- Investors alleging they were deceived by Toshiba Corp.'s inflated earnings reports told a California federal judge Monday that their putative class action over Japanese stock bought in the U.S. survives the Supreme Court's Morrison decision, which held the Securities Exchange Act doesn't apply to foreign investments....

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