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In an unusual twist to a securities class action settlement, investors suing Resource America Inc. would be paid more than $7.4 million to resolve their claims but would have to give back $1 million if the company doesn't win a future lawsuit against an insurer that refused to contribute to the settlement fund. U.S. District Judge Jan E. DuBois in Philadelphia granted preliminary approval of the settlement on Tuesday.
January 23, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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