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NovaStar Financial Inc. Case 12/12/2008

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Lawsuit Overview

A class action complaint for violations of the Employee Retirement Income Security Act (the “Complaint”) against NovaStar Financial, Inc. (OTC:NOVS) and certain individuals who are believed to have been fiduciaries of the NovaStar Financial, Inc. 401(k) Plan during the period May 4, 2006 through November 15, 2007, has been filed. According to a press release the Complaint alleges tha...



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