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On August 26, 2009

ValueClick Settles Sham Sweepstakes Suit for $10M; Winners Offered a Nonexistent Hummer

ValueClick has settled a class-action suit brought by shareholders for $10 million. The shareholders — union pension funds and the like — alleged that ValueClick’s management damaged its own stock price by not disclosing to investors that parts of its business were based on fraud.

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