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Non-Tech : Fog Cutter Capital, formerly Wilshire REIT -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (29)	8/28/2000 6:37:51 PM
From: leigh aulper	Read Replies (1) \| Respond to of 44

Anyone know what this means :) Wilshire Companies, Wiederhorn and Mendelsohn Settle Lawsuits PORTLAND, Ore.--(BUSINESS WIRE)--Aug. 28, 2000--Wilshire Financial Services Group Inc. (OTCBB:WFSG) and its founders and former officers Andrew Wiederhorn and Larry Mendelsohn today announced settlement of all disputes between them, including those related to the company's termination of the former executives last year. As part of the settlement, Wilshire Financial agreed that the termination of Wiederhorn and Mendelsohn was without cause. On September 3, 1999, Wilshire Financial terminated Wiederhorn and Mendelsohn, who then sued Wilshire and its outside directors. This settlement resolves all disputes between the parties. Wilshire Real Estate Investment Inc. and Wilshire Financial also announced settlement of all disputes and pending litigation between them relating to the termination of various agreements and other business relationships between the companies. CONTACT: Stoll Stoll Berne Lokting & Shlachter Robert A. Shlachter, Esq., 503/227-1600, for Messrs. Wiederhorn and Mendelsoh