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In 1996, Attorney General Dan Morales Filed a Multibillion-Dollar Suit

question 64

Multiple Choice

In 1996, Attorney General Dan Morales filed a multibillion-dollar suit against ________, ultimately resulting in Texas receiving a $17.3 billion settlement.


Definitions:

Common Shares Outstanding

The total number of shares of common stock that are currently owned by investors, including both public shareholders and company insiders or officers.

Issued

Refers to the number of shares or bonds that have been allocated or sold to investors by a company or government entity.

Preferred Stock

Preferred stock is a class of stock that typically provides a fixed dividend and has precedence over common stock in the distribution of assets in the event of a company's liquidation.

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