Telxon Corp.

New York, NY: Shareholders filed two class action lawsuits against the company alleging material false and misleading statements artificially inflated the price of Telxon securities. The securities fraud class actions claimed that as a consequence, purchasers of Telxon securities suffered damages. Telxon shareholders are set to receive $27.9 million in addition to the $40 million settlement previously reached in the related action. (Jan-12-07) [LAW FUEL: TELXON SECURITIES SETTLEMENT]

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