XM Lawsuit Dismissed
March 29, 2007
From the XM 8K filed today:
Securities Class Action Litigation Dismissed. On March 28, 2007, our motion to dismiss the previously disclosed securities class action litigation was granted and the case dismissed with prejudice. The court concluded that “plaintiffs have failed to identify any materially misleading statements or omissions that are actionable under Section 10(b)” of the Securities Exchange Act of 1934.
Labels: lawsuit, xm
3/29/2007 03:03:00 PM
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