Settlement approved.Homestore Inc., the Westlake Westlake, city (1990 pop. 27,018), Cuyahoga co., NE Ohio, a suburb of Cleveland; inc. as a city 1956. A growing city, its various manufactures include ink and plastics. Village-based online home-listings company, received preliminary court approval for its $85 million settlement of a shareholder lawsuit lawsuit: see procedure; tort. brought by the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). State Teachers' Retirement System. U.S. District Judge Marsha Pechman will consider final approval of the settlement in January, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. court documents. Homestore will pay $13 million in cash and issue 20 million new shares, valued at $72 million at today's closing price. --Bloomberg News |
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