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Rent-Way Inc. said Thursday it has agreed to pay $25 million to shareholders who accused the national rental chain of manipulating its books and inflating earnings. The proposed settlement is still subject to court approval, as well as refinancing of Rent-Way's debt by July 31. But company executives at the Erie, Pa.-based furniture, appliance and computer rental chain expressed hope the issue had been resolved.
March 24, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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