Wall St wins big legal decision on research


  • Business
  • Thursday, 03 Jul 2003

NEW YORK: Two US federal judges have thrown out lawsuits brought by investors who claimed that research from analysts at four of Wall Street’s biggest firms caused them to lose money in the stock market. 

The decisions, made public on Tuesday, could have broad implications for legal battles related to the bursting of the 1990s stock market bubble and efforts to assign blame for money lost. 

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