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Kerr-McGee concealed Tronox’s massive environmental liabilities and sold $225 million in Tronox shares at inflated prices, a pension fund claims in Manhattan Federal Court. The Alaska Electrical Pension fund also sued Andarko Petroleum and seven people. Manulife Financial Corp. sold securities through false and misleading statements, investors claim in Manhattan Federal Court. Fibernet Telecom is selling itself too cheaply to the Zayo Group, for $87 million or $11.45 a share, shareholders claim in New York County Court.
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