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Two Illinois men, one of them the former chairman and chief executive of InterDigital Communications Corp., have agreed to pay a total of close to $400,000 in disgorgement, interest and penalties to settle insider-trading allegations by the Securities and Exchange Commission. William Burns of Carbondale, the former chairman and CEO of the King of Prussia, Pa., wireless telecommunications company, and Carmelo Blacconeri of suburban Park Ridge consented to the SEC’s findings without admitting or denying the allegations.
