Ohio settles for $144m from AOL

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US - Five Ohio pension funds were awarded US$144m from AOL Time Warner, marking the largest payout yet in a series of law suits claiming AOL inflated its stock price before the companies' 2001 merger.

Five pension funds, including the $65.8bn Ohio State Teachers Retirement System, and the $19bn Bureau of Workers’ Compensation will receive sums of up to $66.5m by March 22 under the terms of the s...

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Central & South America

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