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High Court Justices Question Shareholders' "Loss" In Case Against Dura/Elan

This article was originally published in The Pink Sheet Daily

Executive Summary

In Dura v. Broudo oral arguments, several justices cite difficulty in connecting a February 1998 decline in the company's stock price, for which the shareholders seek compensation, with a disclosure nine months later that FDA deemed the company's Spiros albuterol device "not approvable."

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Elan/Dura Shareholder Claims Rejected By Supreme Court

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