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Black Box Proposes Settlement In Backdating Suit

By Ben James ( January 26, 2010, 4:24 PM EST) -- Two insurers have agreed to pay Black Box Corp. a combined $2 million to cover a derivative suit over alleged options backdating, but the communications company must still pay $1.6 million to plaintiffs' lawyers, as well as $4 million to resolve claims brought by former CEO Frederick Young, according to a proposed settlement....

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