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Trustee and Lockton Reach a Settlement |
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Wednesday, 30 September 2009 |
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The Trustee, the Putative Class, and Lockton have resolved all of their differences, claims and potential claims, in consideration of the payment by Lockton of the sum of $12 million, subject to approval by the Bankruptcy Court and the Class Action Court . The Trustee and Putative Class acknowledge that the payment is not an admission of liability or wrongdoing by Lockton, but instead reflects a business decision to achieve closure in light of the expense and uncertainty of litigation. Lockton Settlement and Release (PDF)
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