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Gold Producer Settles Investor Suit

By Edward Bills

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The world?s largest gold producer has agreed to pay $24 million to settle claims that it misled investors about a program that ultimately hurt its stock price. In the suit, investors with Barrick Gold Corp. alleged that a hedging program to sell some gold at fixed prices was overly speculative and risky. The settlement is expected to be made final later this month. The case is Wagner v. Barrick Gold Corp.

Full post as published by Bodily Injury Blog on March 18, 2009 (boomark / email).

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