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Magnachip Settlement OK’d

A federal judge Monday gave final approval to a $23.5 million shareholder class action against Magnachip Semiconductor, for false and misleading statements that inflated the price of its stock during a secondary offering.

SAN FRANCISCO — A federal judge Monday gave final approval to a $23.5 million shareholder class action against Magnachip Semiconductor, for false and misleading statements that inflated the price of its stock during a secondary offering.

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