Gold Banc Completes Settlement of Qui Tam Lawsuit.LEAWOOD, Kan. -- Gold Banc Corporation, Inc. ("Gold Banc") (Nasdaq: GLDB GLDB General License Database ) today announced the final settlement of the qui tam QUI TAM, remedies. Who as well. When a statute imposes a penalty, for the doing or not doing an act, and gives that penalty in part to whosoever will sue for the same, and the other part to the commonwealth, or some charitable, literary, or other institution, and makes it recoverable by lawsuit captioned United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, ex rel ex rel. conj. abbreviation for Latin ex relatione, meaning "upon being related" or "upon information," used in the title of a legal proceeding filed by a state attorney general (or the federal Department of Justice) on behalf of the government, on the instigation of . Rodger L. Ediger v. Gold Banc Corporation, Inc., Gold Bank Oklahoma and Gold Bank Kansas. Gold Banc signed settlement agreements with both the United States and the relator The individual in whose name a legal action is brought by a state; the individual who relates the facts on which an action is based. The relator is the individual upon whose complaint certain writs are issued. , Rodger Ediger, and today the United States District Court for the Western District of Oklahoma The United States District Court for the Western District of Oklahoma is the Federal district court whose jurisdiction comprises the following counties: Alfalfa, Beaver, Beckham, Blaine, Caddo, Canadian, Cimarron, Cleveland, Comanche, Cotton, Custer, Dewey, Ellis, Garfield, Garvin, approved the settlement and dismissed this case with prejudice as to all parties. "In the Settlement Agreements," said Mick Aslin, Gold Banc CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "Gold Banc denies all allegations of wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do and the parties state that the settlement was reached to avoid the time, expense and risk of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.When a person begins a civil lawsuit, the person enters into a process called litigation. ." Furthermore, the parties stated that neither the execution of the Settlement Agreement, nor the performance of any obligations under it, nor the fact of the settlement, is intended to be or shall be understood as an acknowledgement of responsibility or admission of liability or wrongdoing, or other expression reflecting upon the merits of the dispute. In consideration of the settlement with the United States, Gold Banc has paid the sum of sixteen million dollars ($16,000,000). In consideration of the settlement with the relator, Gold Banc has paid the sum of five hundred thousand dollars ($500,000) to cover the relator's attorney fees and expenses. All of the above amounts have been previously announced and are completely reflected in Gold Banc's financial statements included in its Form 10-Q filed for the third quarter of 2004. "We are pleased to put this matter behind us," continued Aslin. "The settlement removes the question of our legal exposure to the United States and allows us to move forward with the development of the company free from the concern and distraction of defending the claims in the qui tam lawsuit. We are convinced that this disposition is in the best interest of our shareholders, customers and associates." The Settlement Agreements and the Court's order will be filed as exhibits to Gold Banc's Form 8-K filing containing this press release. The Form 8-K will be available on the Gold Banc and SEC websites. About Gold Banc Gold Banc is a $4.3 billion financial holding company headquartered in Leawood, Kansas. Gold Banc provides banking and wealth management services in Kansas, Missouri, Oklahoma and Florida through 37 banking locations. Forward-Looking Statements This release contains information and "forward-looking statements" which relate to matters that are not historical facts and which are usually preceded by the words "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target" and similar expressions. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, but not limited to, those described in the periodic reports we file under the Securities Exchange Act of 1934 under the captions "Forward-Looking Statements" and "Factors That May Affect Future Results of Operations, Financial Condition or Business." Because of these and other uncertainties, our actual results may be materially different from that indicated by these forward-looking statements. You should not place undue reliance on any forward-looking statements. We will not update these forward-looking statements, even though our situation may change in the future, unless we are obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to do so under the federal securities laws. |
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