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Lawsuit Overview
On June 22, 2007 Judge Sandoval entered an order consolidating three similar actions against Sunterra Corporation. On August 21, 2007 lead plaintiff Employees' Retirement Group filed their consolidated complaint against the defendants alleging that Sunterra and its two top officers violated §10(b) and §20(a) of the 1934 Act and Rule 10b-5. According to a press release dated July 12, ...
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