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InfoGroup to Pay $13 Million to Settle Suit Over Buyout

InfoGroup Inc. agreed to pay $13 million to resolve investors’ claims that directors sold the database-marketing company on the cheap to bail out founder Vinod Gupta. InfoGroup will hand over $13 million from insurance to settle the class-action lawsuit brought by the New Jersey Carpenters Pension Fund, according to a Delaware Chancery Court filing.  Gupta browbeat InfoGroup’s board into selling ... Read More »