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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
July 21, 2003 at 12:00 AM
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