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Tycom Pays $79M To Settle Securities Suit Over IPO

By Liz McKenzie ( April 16, 2010, 4:00 PM EDT) -- Tycom Ltd. has agreed to pay $79 million to settle a securities class action arising from its $2.2 billion initial public offering, during which the company allegedly made misleading statements about business operations and developments with its new network of undersea cables....

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