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Court approves National Realty settlement deal
REDWOOD CITY - More than 20,000 shareholders in one of the country's largest publicly-traded real estate partnerships last week received court approval on a settlement which could net them up to $168 million during the next five years.
San Mateo County Superior Court Judge Thomas Jenkins June 29 approved an inovative settlement in a class action law suit between National Realty Limited Partnership and its stockholders, which could be the basis for other limited partnership settlements.
National Realty is part of a network of limited partnerships and publicly-traded real estate investment trusts with ties …