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$99M PHLX Settlement Ends Federal Case: 3rd Circ.

By Pete Brush (August 13, 2010, 4:37 PM EDT) -- A $99 million settlement in a state breach of fiduciary duty suit former Philadelphia Stock Exchange seat holders brought against the exchange's board and larger "strategic investors" precludes federal claims, an appeals court has ruled, ending a challenge by settlement class members who resisted the deal....

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