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Online real estate company Homestore Inc. has agreed to pay $23 million to settle a securities fraud suit by former shareholders of iPlace Inc., a company Homestore purchased last year. "Homestore induced us to sell a company by relying on stock that was improperly valued," said Micah Jacobs, of Jacobs & Ferraro, who represented the former minority shareholders of iPlace.
August 13, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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