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Motorola faces class-action lawsuit

LITTLE ROCK, Ark.-A class-action lawsuit has been filed against Motorola Inc. on behalf of purchasers of the company’s publicly traded securities between Feb. 3, 2002, and May 14, 2001.

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The plaintiffs, represented by Cauley Geller Bowman & Coates L.L.P., allege defendant Carl Koenemann issued a series of materially false and misleading statements regarding Motorola’s financial results, causing Motorola common stock to be artificially inflated.

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