Check Is In The Mail For Time Warner Investors: SEC

Law360, New York (July 10, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission said Monday that injured investors of Time Warner Inc. would start receiving money from a government settlement with the company over fraud and accounting improprieties in 2005.

The Commission said $316 million would be distributed in the next 10 days. Final court approval for the distribution was given on June 20 in the U.S. District Court for the District of Columbia. None of the Fair Fund is being used to pay class action counsel, the SEC said.

Time Warner paid...
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