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Securities

Mar. 20, 2010

Kerkorian Settles Stock Lawsuit

Kirk Kerkorian's Tracinda Corp. has agreed to pay $8.1 million to settle a long-running class action lawsuit by shareholders who had accused the billionaire of insider trading.

By Ciaran McEvoy

Daily Journal Staff Writer

LOS ANGELES - Kirk Kerkorian's Tracinda Corp. has agreed to pay $8.1 million to settle a long-running class action lawsuit by shareholders who had accused the billionaire of insider trading.

John A. Kehoe of Barroway Topaz Kessler Meltzer & Check, a Randor, Pa.-based law firm representing the plaintiff shareholders, submitted the proposed settlement Tuesday to U.S. District Ju...

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