The suit alleges that GE, which in March 2009 lost its "AAA" credit rating from Standard & Poor's and cut its dividend 68%, hid billions of dollars of troubled loans at its GE Capital unit and failed to make necessary disclosures when conducting a $12.2 billion stock offering in October 2008. It seeks class action status for investors who held GE common stock between Sept. 25, 2008 and March 19, 2009.

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