Shareholders Say Settlement With Directors And Officers Should Be Approved

NEW YORK - Two shareholders in a company told a New York federal court on Sept. 6 that a settlement of a shareholder derivative lawsuit against the company's directors and officers will confer substantial benefit to the company and the shareholders and should be approved by the court (Catherine Rubery, Derivatively on Behalf of E*Trade Financial Corporation v. Mitchell H. Caplan, et al., No. 07-cv-8612, S.D. N.Y.).

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