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Business

DON’T SUE ON OUR ACCOUNT

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SMU’s law professor Alan Bromberg gets quoted in this CFO story about a shareholders’ lawsuit based on press reports. As Bromberg says, newspaper stories aren’t the firmest of footing for a lawsuit. That’s not stopping investors in Pegasus Wireless Corp. from blaming MotleyFool.com and Barron’s for the stock’s plummet from $7.60 to $1.10.

Methinks it’s bad news for biz media if they win. Bad news for these guys, too.

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