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Michaels Stores Gets Grand Jury Subpoena
New York prosecutors want information from Michaels Stores (MIK Quote) about shares held in trusts that may be tied to the family of Chairman Charles Wyly.
After the close of trading Wednesday, Michaels disclosed it has received a grand jury subpoena from Manhattan District Attorney Robert Morgenthau for "documents and records" concerning securities held directly or indirectly in several non-U.S. trusts.
The Securities and Exchange Commission is also investigating, Michaels said in a postclose press release. ...
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