Wednesday, February 16, 2011

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DG Pays $6m to Settle 2 Lawsuits

Data General Corp., the big and troubled Westborough computer maker, has agreed to pays $6 million to settle two lawsuits accusing some top officers of knowingly issuing false statements about the company’s finances to artificially inflate the price of the stock, a company spokesman said yesterday. The company also said another class-action suit had been filed alleging the company made misleading statements about the state of its business earlier this year. The company said that suit is without merit. (excerpt)
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