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Directors of Synchronoss Technologies inflated share price by failing to reveal that it would not be used to activate the Apple iPhone, shareholders say in Somerset, N.J., Superior Court. Atmel Corp. unreasonably rejected a $5 per share buyout offer from Microchip Technology without shareholders’ approval, when Atmel was going for $3.28 a share, shareholders say in Santa Clark Superior Court, Calif. Elan Corp. inflated its share price through false and misleading statements, shareholders say in Manhattan Federal Court. Pilgrim’s Price Corp. inflated its share price through false and misleading statements, shareholders claim in Marshall, Texas, Federal Court. Shareholders protest Sovereign Bancorp’s proposed sale to Banco Santander, in Philadelphia state court.
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