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In a ruling that could result in a five-fold windfall for recipients of a stock warrant, New York's highest court held that the contractual offering need not be adjusted to reflect a reverse split. The court's unanimous decision arises out of a dispute over whether plaintiffs, who hold warrants that don't account for a reverse split, are entitled to buy stock at the pre- or post-split price.
December 18, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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