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SECURITIES a class of purchasers of Rent-Way Inc. common stock reached a $25 million settlement on April 18 with the company and its officers. Class representative Cramer Rosenthal & McGlynn, a New York-based investment bank, alleged that the Erie, Pa.-based rent-to-own business issued misleading statements and announcements regarding its finances and operations, causing the class to purchase the stock at artificially inflated prices. The class sued Rent-Way; a number of its top executives; its former controller, Mathew Marini; and its auditor, PricewaterhouseCoopers LLP, alleging violations of Section 10(b) of the federal Securities Exchange Act of 1934. The case against PricewaterhouseCoopers and Marini is pending. In re Rent-Way Securities Litigation, No. 00-323 (W.D. Pa.). PLAINTIFFS’ ATTORNEY: Solomon B. Cera, Gold Bennett Cera & Sidener, San Francisco DEFENSE ATTORNEYS: Lanny J. Davis and John L. Oberdorfer, Patton Boggs, Washington; Jonathon Hinkmeyer and Robert Kopecky, Kirkland & Ellis, Chicago; Bryan D. Kocher and Paul M. Pohl, Jones Day; Robert J. Lane Jr. and Kevin M. Kearney, Hodgson Russ, Buffalo, N.Y.; Robert N. Rapp, Calfee, Halter & Griswold, Cleveland; Fred Thiemann, Thiemann & Kaufman, Pittsburgh

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