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SECURITIES a class of common stock owners in Nanophase Technology Corp. who claimed that the Romeoville, Ill., company released false or misleading financial statements will share a $2.5 million settlement. The class members purchased stock in the period between an announcement of increased first quarter revenues and a subsequent announcement that, due to the failure of a transaction, the company had to reverse the previously reported revenue. The plaintiffs also alleged that certain officers dumped a total of 43,000 shares in the company just before the latter announcement. Nanophase denied any wrongdoing, but on June 11, agreed to the settlement, which is subject to notification of the class and court approval. Tatz v. Nanophase Technologies Corp., No. 01-CV-8440 (N.D. Ill.). PLAINTIFFS’ ATTORNEYS: Lionel Z. Glancy, Michael M. Goldberg, Robin Howald and Richard M. Rothenberg, Glancy & Binkow, Los Angeles DEFENSE ATTORNEY: David L. Weinstein, Wildman, Harrold, Allen & Dixon, Chicago

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