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Stocks stay higher on consumer confidence reading
Securities |
2008/09/30 11:51
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| Stocks continued a rebound following a private research group report that Americans' confidence in the economy has improved in September. The reading, which doesn't reflect attitudes following Monday's steep stock market sell-off, remains near a 16-year low. The Conference Board reports Tuesday its Consumer Confidence Index rose to 59.8 from a revised 58.5 in August. Wall Street had expected a reading of 55.5, according to Thomson/IFR. The Dow Jones industrials are up 215 at the 10,588 level. |
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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