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The Footwear Follies, Eddie at the Bat, Ethical Moments at McDonald's, and Other Matters. A Stockholder's Beef
(FORTUNE Magazine) – LOS ANGELES -- When some owners of Denny's restaurant stock thought they had eaten losses in a merger last year, they filed a class-action suit . . . Lawyers . . . have proposed that the 4,000 former stockholders be issued scrip worth 20 cents a share and redeemable for meals . . . Some disgruntled former stockholders are not thrilled with the prospect of hamburgers instead of cash. One couple, who held 8,500 shares, ''literally must gorge themselves . . .'' to ''reap the benefits'' of the settlement, wrote an administrator of a pension fund. -- From a news report in the Los Angeles Times. |
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