On2 Settles Class Actions Over Its Sale To Google

Law360, New York (October 26, 2009, 4:58 PM EDT) -- On2 Technologies Inc. announced Monday that it had agreed to settle all five shareholder class actions that were brought in connection with its proposed $106 million acquisition by Google Inc.

Clifton Park, N.Y.-based On2 said in a statement that it had entered into a memorandum of understanding contemplating the settlement of claims filed in the Delaware Chancery Court and New York's Queens County Supreme Court.

Under the terms of the memorandum, On2 will provide additional supplemental disclosures that are reflected in the proxy statement/prospectus, which forms...
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