A federal judge dismissed a lawsuit accusing AOL Inc and some of its executives of fraud for repurchasing 14.8 million shares in 2011 without disclosing that the company would sell a $1 billion portfolio of patents to Microsoft Corp months later. Plaintiffs in the case said they suffered significant losses when they sold their shares ahead of the patent deal, after which AOL's stock surged 43 percent in a single day.
- Read the article: Reuters
