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Groove backers left short

Firm fetched less than shareholders had invested in it

By Robert Weisman
Globe Staff / April 2, 2005

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Financial backers failed to recoup their investments in Groove Networks Inc., and rank-and-file employees weren't compensated for stock they'd been given in the Beverly software company that has agreed to be purchased by Microsoft Corp. , according to documents filed in a lawsuit brought by a former Groove executive. (Full article: 600 words)

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