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Terremark-Verizon Acquisition Hearing Set; Firms Plan to Fight if Settlement is Not Approved

Terremark, now a subsidiary of Verizon, announced that the Delaware Court of Chancery will hold a hearing on June 21 “to consider the proposed settlement of litigation brought in connection with Verizon’s acquisition of Terremark.”

The firms noted that if the settlement is not approved, they will defend against the claims “vigourously”

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