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Oxford Health Earnings Tumble on Settlement Charge
Oxford Health(OHP Quote) said third-quarter earnings narrowed sharply because of an offer to settle with shareholders who were burned by the company's infamous 1997 profit warning.
Including the $151.3 million charge to cover lawsuit expenses, the company earned $23.8 million, or 26 cents a share, in the latest quarter, down from $85.7 million, or 85 cents a share, in the year-ago period. ...
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