Thursday, December 08, 2005

 

Lawsuits To Cost Travelers $67 Million

The St. Paul Travelers Cos. is expected to pay $67.5 million for a previously announced settlement of shareholder litigation stemming from the firm's April 2004 merger, court documents show.

The company said in a federal filing Nov. 22 that it had agreed to settle the 15 lawsuits, proposed as class actions, but would not disclose the amount of the settlement.

Lawsuits To Cost Travelers $67 Million
Source: Hartford Courant

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