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The Ambulance Chasers

Traders Magazine, June 2001

Colleen Marie O'Connor

The bust of the dotcom bubble has helped to create a boom in another industry: shareholder class-action lawsuits. Companies listed on the tech-heavy Nasdaq have had more lawsuits filed against them than on all the other exchanges combined.

A new study by PricewaterhouseCoopers LLP (PWC) showed that shareholder lawsuits alleging financial fraud continued to rise in 2000.

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