Clarification

Facts of appeals case were not endorsed by any court

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On Jan. 31, 2007, we published an article entitled, “Fraud kills $75 million hotel deal/Buyer sued for allegedly ‘manipulating’ agreement,” in which we reported on legal proceedings pending in California state court. It has come to our attention that the article has been misread as suggesting that the allegations made by the plaintiffs in that case regarding the alleged actions of Los Angeles businessmen Richard Alter and Eddie Chan are true or have been established to be true, which is not correct.