Shareholder Seeks $85 Million Deal in Windstream, EarthLink Suit

The lead plaintiff in a securities class action against EarthLink Holdings Corp. and Windstream Holdings Inc. asked a federal court for preliminary approval of an $85 million dollar settlement he’s reached with the companies.

Robert Murray brought a securities class action against EarthLink and Windstream and their board members, alleging violations of federal securities laws, after the two companies merged and Windstream subsequently filed for bankruptcy.

Murray said that the $85 million settlement was reached with the help of a mediator and was the largest settlement of a securities fraud class action ever presented in the US District Court for ...