BRIEF-GE to settle shareholder lawsuit for $40 mln

April 30 Tue Apr 30, 2013 8:01am EDT

April 30 (Reuters) - General Electric Co : * Agrees to pay $40 million to settle shareholder lawsuit over disclosures --

court records * Had been accused of inflating value of GE Capital assets, overstating value

of subprime loans, maintaining insufficient reserves * Settlement papers filed with Manhattan federal court; settlement requires

court approval

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