Excerpts from proposed class action lawsuit's Stipulation of Settlement...


5. Plaintiffs and all Settlement Class members, on behalf of themselves and all of their respective agents, successors, heirs or assigns, for good and sufficient consideration, the receipt of which is hereby acknowledged, shall conclusively be deemed to have fully, finally, and forever released, relinquished and discharged the Released Parties from any and all claims, rights (including rights to reimbursement or restitution), demands, actions, causes of action, suits, matters, issues, debts, liens, contracts, liabilities, agreements, costs, expenses or losses of any nature, including Unknown Claims, whether under Federal law or regulation, or the laws or regulations of any and all states or subdivisions, which are alleged in the Amended Complaint, or which could or might have been alleged in the Amended Complaint and arise out of or are related to the matters referred to in the Amended Complaint.

6. Plaintiffs and all Settlement Class Members are permanently barred and enjoined from asserting, commencing, prosecuting or continuing against any of the Released Parties any claims, rights (including rights to reimbursement or restitution), demands, actions, causes of action, suits, matters, issues, debts, liens, contracts, libabilities, agreements, costs, expenses or losses of any nature, known or unknown, whether under Federal law or regulation, or the laws or regulations of any and all states or subdivisions, which are alleged in the Amended Complaint, or which could or might have been alleged in the Amended Complaint and arise out of or are related to the matters referred to in the Amended Complaint.

7. All Plaintiffs and all Settlement Class Members shall, as of the Effective Date, conclusively be deemed to have acknowledged that the Claims released by them may include Claims that are not known or suspected to exist as of the date of the Final Approval Hearing, and those persons shall nonetheless be deemed to have released such Claims. As of the Effective Date, all Plaintiffs and Settlement Class Members shall conclusively be deemed to have waived the rights afforded by Section 1542 of the California Civil Code and any similar statute or law of California or other jurisdiction.


On July 8, 1996, the Wall Street Journal observed...

When Mr. Case recently announced Mr. Razzouk's resignation, he said he hoped a settlement of the suits would make the issue of attorney general inquiries go away.


Robert Seidman opposes settlement
Boardwatch magazines opposes settlement
Early analysis of the settlement

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