Time Warner Settles Shareholder Lawsuit
Fred Barbash writes in The Washington Post:
Time Warner Inc., announced today a tentative settlement to resolve a major securities class action lawsuit stemming from its merger with AOL and has set aside reserves of more than $2.4 billion to cover the costs.
The company agreed in March to pay regulators $300 million to settle long-running civil fraud charges related to AOL online advertising deals that helped the company artificially inflate revenue. It has also agreed to pay $150 million to settle a Justice Department probe.
posted by Fergie @ 8/03/2005 06:25:00 AM
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