Shareholders filed a securities fraud class action against the media company after they merged with AOL in 2001. A $2.4 billion settlement will go to holders of stock in both Time Warner and its America Online division. Another $600 million is set aside for pending securities litigation.(Aug-03-05)
[TIMES ONLINE BUSINESS]
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Reader Comments
Posted by
jane montpetit
on
jane montpetit
on
Time Warners current compensation to custiomers in the class action suit is a total fraud and money making scheme for Time Warner..i called regarding the promise of 3 months free HBO or six monthes free Showtime and was informed that i would have to install a digital converter box and that this will in the end cost me more than the inflated prices i am already paying, this "xomoensation" is a total misrepresentation and just a way for Time Warner to make their settlement money back...all involved should be ashamed....its deplorable!!!
