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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Wolff who wrote (25513)3/30/1999 3:21:00 PM
From: Clayleas  Read Replies (1) of 122087
 
This doesn't answer all of your questions Wolff, but it probably has something to do with someone looking into the company and asking questions about the following paragraph from the 10-Q (note the dates in the highlighted sentence at the end)

In October 1998, counsel for the Plaintiffs, the individual defendants and the D&O carriers executed a further letter embodying an agreement in principle to settle the claims against the individual defendants for $7.5 million, to be paid, ultimately, by the D&O carriers. That letter agreement is subject to the terms of a letter agreement dated November 2, 1998, among counsel for the
Company, the individual defendants and the D&O carriers as to the procedures for payment of funds. The cash component of the settlement, $7.25 million, has been paid into an escrow account under a further letter agreement dated October 16, 1998. The parties are in the process of negotiating the terms of a formal
settlement agreement. The parties have agreed to submit the agreement to the Court by February 26, 1999, and the Court has scheduled a preliminary approval hearing for March 1999. A final approval hearing is expected to occur sometime in mid-1999.
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