In an important decision for investors, the U.S. Supreme Court ruled on March 20, 2018, that state courts can continue to hear certain securities class actions brought under federal law.

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LJM Preservation and Growth Fund lost 80 percent of its value betting the wrong way on market turmoil in the first week of February. Now, it has been named in a proposed securities class action alleging the company and its executives lied to investors about its strategy.

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Stocks and sharesThe U.S. Supreme Court on Monday agreed to review another securities class action case: Public Employees’ Retirement System of Mississippi v. IndyMac MBS Inc.  The case arose out of the massive collapse of securities that were backed by home mortgage loans. 

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