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BT Group Hit With Securities Suit Over Italy Unit Scandal

By Alex Wolf ( January 26, 2017, 9:34 PM EST) -- U.K.-based telecommunications company BT Group PLC and three of its top executives were accused Thursday in federal shareholder class actions filed in New Jersey and New York of deceiving investors and failing to disclose years of mismanagement in its Italian division, leading to a £530 million downward balance sheet adjustment announced Tuesday....

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