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Lionbridge Settles Chancery Suit Over $360M HIG Buyout

Law360, New York (August 11, 2017, 1:58 PM EDT) -- Lionbridge Technologies Inc. on Thursday announced it has settled a class action against it in Delaware chancery court stemming from its deal to be taken private through a nearly $360 million buyout by private equity firm HIG Capital.

Under the settlement, the globalization specialist has admitted no liability in the case that accused its executives of bias, but in an effort to avoid more costs associated with defending the suit, it has agreed to pay $100,000 for attorneys’ fees and costs, Lionbridge said in a statement....
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