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Midway Sale Suit

Bloomberg.com has word that creditors of Midway Games are suing Sumner Redstone and his National Amusements holding company over claims that Midway was "hurt" when Redstone sold his 87% stake in Midway. According to Midway's creditors, "The transaction caused Midway irretrievably to lose the ability to take advantage of its valuable accumulated net operating losses and other tax assets," while according to a National Amusements spokesperson, "This suit is completely without merit."

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