Xerox stumps up $670m to settle lawsuit
Xerox is to pay $670m to settle a securities lawsuit which dates back to 2000, without admitting any wrongdoing. The world’s biggest provider of grey copier boxes said yesterday that it had been granted preliminary court approval to settle the Carlson v. Xerox Corp lawsuit. The case had been brought on behalf of investors who …
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Posted Friday 28th March 2008 16:41 GMT
The "pump and dump" days are gone #
Our previous CEO was responsible for this. He also put an end to profit-sharing, replacing it with stock options that will never be redeemed, based as they are on artificially high stock valuations.
Brand X barely survived this chicanery, and only exists as an independent company now because it was so encumbered with debt that no one was willing to merge/acquire it.
I'll have a pint of bitters to wash down my bitter bitterness.
Posted Friday 28th March 2008 20:41 GMT
$670m to settle [ ... ] without admitting any wrongdoing. #
Wow, six hundred and seventy mil, huh? They must have been *very* innocent of any wrongdoing to want to pay that much!
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