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Focus Media To Pay $3.7M To Resolve Investor Class Claims

By David McAfee (May 13, 2014, 8:17 PM EDT) -- Focus Media Holding Ltd. has agreed to pay $3.7 million to resolve a proposed securities class action brought over misleading statements that allegedly caused shareholders to purchase American Depository Shares at artificially inflated costs, according to documents filed in New York federal court Tuesday....

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