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Univ. of Toledo College of Law

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Friday, March 9, 2007

Fallout from AOL-Time Warner Merger

Time Warner has added $145 million to reserves, bringing the total spent on shareholder claims related to the AOL-Time Warner merger to a whopping $3.75 billion.  See WSJ, Time Warner Sets Reserve to Resolve Final Suits.

http://lawprofessors.typepad.com/securities/2007/03/fallout_from_ao.html

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Comments

If you think that's "whopping" try this: every lawsuit AOL has settled for securities fraud and overstating revenue to date, with settlement figures calculated down to the last million or so, and no way for AOL to pay for all of them:

http://anti-aol.livejournal.com/26428.html

Does AOL print it's own money? What else can the answer be?

Posted by: MM | May 7, 2007 9:53:28 PM

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