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Article: The Philadelphia Stock Exchange Announces Approval of Settlement in Ginsburg Litigation.
- Article from:
- M2 Presswire
- Article date:
- October 23, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-23 October 2007-Philadelphia Stock Exchange: The Philadelphia Stock Exchange Announces Approval of Settlement in Ginsburg Litigation(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:22102007
PHILADELPHIA -- The Philadelphia Stock Exchange (PHLX) announced today that the Delaware Chancery Court has approved a settlement of the Ginsburg v. Philadelphia Stock Exchange, et al., class action litigation against the Exchange, its governors, and six strategic investors who purchased equity interests in the Exchange in June and August 2005.
Meyer S. Frucher, the Exchange's chief executive officer stated: "This is a very exciting time for the Exchange ...