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Judge: AVX Myrtle Beach suit now class action
Court Watch |
2011/09/08 05:21
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As many as 229 property owners in Myrtle Beach could become plaintiffs in a lawsuit against electronics manufacturer AVX Corp. that alleges the company contaminated groundwater.
The Sun News of Myrtle beach reported a state judge this week certified the suit as a class action.
The 4-year-old lawsuit suit says the company polluted groundwater with an industrial degreaser linked to cancer and other health problems. The lawsuit contends the pollution ruined property values in a 12-block area near the old AVX plant. The suit is not expected to be heard until next year.
AVX settled a separate lawsuit with an adjacent property owner earlier this year while a third contamination lawsuit is pending.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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