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Institutions preparing for tsunami of subprime lawsuits

NEW YORK - The subprime debacle is morphing into a wave of litigation by shareholders over mismanaged investments. Figures published by Stanford Law School and Cornerstone Research state there has been a 43% rise in the number of securities fraud class action lawsuits from 2006 to 2007. The increase is due to a surge in filings from the finance sector, which quadrupled from 2006, with more than

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