Monday, February 06, 2006

Time Warner Shareholders Seek $3.3B in Suit

A Reuters newswire article, via CNN/Money, reports that:

AOL and AOL Time Warner institutional shareholders plan to file a new lawsuit seeking $3.3 billion from the world's largest media company, according to a statement from the attorney representing the shareholders.

William Lerach, the lead attorney representing about 100 shareholders who opted out of a $2.6 billion settlement last year, said his firm plans to release more information on Tuesday.

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