New Mexico Settles With Time Warner Over Merger

Law360, New York (May 4, 2007, 12:00 AM EDT) -- Three New Mexico employee groups have recovered about $16 million from media company Time Warner Inc. in a settlement over the 2001 merger between Internet service provider America Online and Time Warner that allegedly inflated stock values.

The settlement for New Mexico workers was nearly 10 times greater than the amount they would have recovered if they had remained part of a nationwide class action filed in New York, according to Attorney General Gary King on Friday.

The settlement amount will be divvied up among the...
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