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GE's $40M Pact Ends Financial Crisis Lawsuit

By Max Stendahl (April 30, 2013, 1:03 PM EDT) -- General Electric Co., its CEO Jeffrey Immelt and Chief Financial Officer Keith Sherin have agreed to pay $40 million to settle a class action alleging the iconic appliance company lied to investors about its financial health during the 2008 financial crisis, the lead plaintiff said Monday....

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