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Satyam faces class action lawsuit in US

PUBLISHED ON: January 8, 2009 | Duration: 1 min, 07 sec

   
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A class action lawsuit was filed in a New York court against IT major Satyam Computer Services for not adhering to federal securities laws by issuing misleading statements. The suit was filed on behalf of US law firms Vianale & Vianale LLP and Izard Nobel. It states that the firm has violated section 10(b), 20 (a) of Securities act.
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