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N 2002, the board of directors at The AES Corporation took herculean steps to put the company back on track. The Arlington, Virginia-based energy business's stock price had lost 87 percent of its value in ten months, the company was in danger of defaulting on its massive debt, the Brazilian government was investigating AES for allegedly colluding with Enron Corp. to manipulate the energy market, and plaintiffs attorneys were poised to bring shareholder class action suits. Desperate to change course, the AES
August 01, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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