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PHILADELPHIA (AP) _ The Delaware Supreme Court on Thursday approved a settlement of a shareholder lawsuit against the Philadelphia Stock Exchange, clearing the way for the acquisition of the exchange by the Nasdaq Stock Market. In 2006, after the nation’s oldest stock exchange sold a major stake to six Wall Street firms, shareholders filed suit, saying the deal diluted their ownership interests. The class-action lawsuit, filed in Delaware’s Court of Chancery, also named as defendants Citigroup, Merrill Lynch, Credit Suisse First Boston, Morgan Stanley, UBS Securities and Citadel Derivatives Group. The lawsuit said shareholders weren’t adequately compensated for the deal. Terms of the June 2007 settlement were not disclosed. In November, Nasdaq agreed to buy the exchange for $652 million in cash. The Philadelphia Stock Exchange is the nation’s third largest options market.

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