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03/01/2013 03:15:28 PM EST

Macy's Pays $8.5M To Settle ERISA Stock Drop Action

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Law360: Securities

Macy's Inc. agreed Thursday to pay $8.5 million to settle a class action brought by members of company retirement plans who accused the retailer of funneling their nest eggs into its own stock while knowing it was an unwise investment. Read More...