LAS VEGAS (CN) – Directors of Global Cash Access Holdings dumped $6 million of their own shares at artificially high prices while concealing that the company was juggling its books to underpay commissions, shareholders claim in Federal Court. When the shenanigans came to light, share price dove from $15 to $5.50, losing $913 million in corporate value, the suit states. Global Cash provides “cash access products” to casinos.
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