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Xerox Corp. Case 08/24/2000

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Lawsuit Overview

CFO.com reprots that Xerox Corp. said it will pay $670 million, and KPMG LLP will pay $80 million, to settle an eight-year-old securities lawsuit filed on behalf of Xerox investors who claimed Xerox committed accounting fraud to meet Wall Street earnings expectations. Xerox said it agreed to settle without admitting to any wrongdoing. A KPMG spokesman confirmed the settlement in an E-...



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