"Htaving told everyone in the world that there is no such thing as shareholder democracy in America, and that to change things they had to do lawsuits, I now discover I can't even bring a lawsuit," complains Bob Monks. Last month a judge in Massachusetts ruled that Mr Monks could not lead a class-action lawsuit by shareholders against Stone & Webster, an engineering firm, and its former auditor, PricewaterhouseCoopers, because he is a shareholder activist, and therefore not sufficiently "typical".
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