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&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;Large, well-funded corporations are poised to assume a new role in securities litigation: victims of deception.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;So predicts Perkins Coie partner Patrick Collins, who told &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;The National Law Journ&lt;/i&gt;&lt;/i&gt;, &amp;#8220;We are hearing from sophisticated corporate plaintiffs who claim they were not told all the material facts.&amp;#8221;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;According to Collins, this type of claim had previously been the province of &amp;#8220;unsophisticated individual investors&amp;#8221; and pursued through class actions. It is much more difficult for major corporations, with their huge investments of time and money in due diligence, to claim they were simply hoodwinked.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Yet two recent cases &amp;#8212;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;BP v. &lt;?xml:namespace prefix=&quot;st1&quot; ns=&quot;urn:schemas-microsoft-com:office:smarttags&quot;?&gt;&lt;st1:place w:st=&quot;on&quot;&gt;Northern Trust&lt;/st1:place&gt;&lt;span style=&quot;FONT-STYLE: normal&quot;&gt; &lt;/span&gt;&lt;/i&gt;&lt;span style=&quot;FONT-STYLE: normal&quot;&gt;and &lt;/span&gt;&lt;/i&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;Bank of America v. Bear Stearns&lt;/i&gt;&lt;/i&gt;&amp;#8212;as possible harbingers of an era where financial institutions will face suits from plaintiffs in their own weight division&amp;#8212;not just from Mom &amp;amp; Pop investors bound together in a certified class.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;It can&amp;#8217;t be of any solace to Bill Lerach as he sits in federal prison, but&amp;nbsp;it would be some irony if the arguments he perfected&amp;nbsp;during his reign as Corporate America&amp;#8217;s &amp;#8220;King of Pain&amp;#8221; end up being employed by his old targets.&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;mso-bidi-font-weight: bold&quot;&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/span&gt;-posted by brian&lt;b&gt; &lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;mso-bidi-font-weight: bold&quot;&gt;&lt;img src=&quot;http://www.pbs.org/newshour/images/election/october96/211-13.gif&quot;&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;mso-bidi-font-weight: bold&quot;&gt;Bill Lerach and his hair&lt;/span&gt;&lt;/p&gt;

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