Wednesday, November 23, 2005
St. Paul Settling Investor Suits
The St. Paul Travelers Cos. said Tuesday it has agreed to settle the shareholder lawsuits that bombarded the company after its surprisingly large $1.6 billion increase in claim reserves last year angered investors and raised questions about the company's merger.
The amount of the proposed settlement was not disclosed. But Travelers said in a regulatory filing Tuesday that the sum is not material to the company and that it does not expect any impact on earnings.
St. Paul Settling Investor Suits
Source: Hartford Courant
The amount of the proposed settlement was not disclosed. But Travelers said in a regulatory filing Tuesday that the sum is not material to the company and that it does not expect any impact on earnings.
St. Paul Settling Investor Suits
Source: Hartford Courant
Permalink posted by armandn @ 11:04 AM 
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