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CLASS ACTION SETTLEMENT OVER FIDUCIARY DUTIES AND STOCK OPTIONS

Grimes v. Gulf Telephone Co. | U.S. District Court for the Southern District of Alabama, Southern Division | Case No. CV-99-986-RV-C

ERISA class action settlement for early retirees who alleged that employee stock option share values dramatically increased upon sale of the company, and that they were entitled to the difference under theory that insiders breached fiduciary duties by not disclosing sale negotiations.

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