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Class Action Over $28.1B Novartis, Alcon Deal Axed

By Liz McKenzie (May 25, 2010, 5:11 PM EDT) -- A federal judge has dismissed a lawsuit from several pension funds and minority shareholders accusing Novartis AG of shortchanging them in its $28.1 billion merger with eye care company Alcon Inc., finding that since the deal was orchestrated by Swiss companies under Swiss law there is no jurisdiction in the U.S....

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