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The Second Circuit rejected Vivendi’s argument. It held that statements that "maintain" inflationcan, in certain circumstances, have a price impact. For instance, pre-existing inflation may dissipate over time as the truth comes out on its own, or if a defendant remains silent in the face of escalating concerns.

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The U.S. Supreme Court recently granted certiorari to resolve a split among the federal circuit courts of appeal as to when the statute of limitations begins to run for the Fair Debt Collection.

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