Judge Tosses Shareholder Suit Against AOL

Law360, New York (May 25, 2007, 12:00 AM EDT) -- A federal judge on Wednesday threw out a shareholder's suit against America Online Inc. relating to its merger with Time Warner Inc., saying it exceeded the two-year statute of limitations.

Judge Shirley Wohl Kram of the U.S. District Court for the Southern District of New York granted a motion by the defendants, including AOL Time Warner Inc. and Time Warner Inc., to dismiss the complaint.

Plaintiff Kenneth G. Puttick, who held almost $14 million in AOL stock at the time of AOL's merger with Time Warner...
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