Settlement Reached In CSX Hedge Fund Dispute

Law360, New York (December 17, 2008, 12:00 AM EST) -- A settlement has been reached in a lawsuit brought by a shareholder of CSX Corp. attempting to recover profits two hedge funds allegedly made by buying and selling CSX stock before revealing plans to gain influence over the railroad company, CSX said Wednesday.

The lawsuit is an offshoot of a high-profile battle between CSX and the two hedge funds, The Children's Investment Fund Management LLP and 3G Capital Partners LP.

Under the terms of the settlement disclosed Wednesday, which still must be approved by the court,...
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