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TERREMARK REPORTS SETTLEMENT OF LAWSUITS OVER VERIZON DEAL

March 1, 2011

Feb. 28 (Bloomberg) - Terremark Worldwide Inc . said it has entered into a memorandum of understanding providing for the settlement of all eight putative class action lawsuits that have been brought in Delaware and Florida in connection with the previously announced merger plan among Terremark, Verizon Communications Inc . and Verizon Holdings Inc.



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