Law360, New York (August 04, 2010, 11:57 AM ET) -- UAL Corp.'s United Air Lines Inc. and Continental Airlines Inc. have reached a truce with Continenal shareholders who claimed in a Texas court that they were jilted when the airlines announced a $3 billion merger in May.
The airlines will provide shareholders with a detailed analysis of how Continental's shares were valued as part of a proposed settlement in the District Court of Harris County, Texas, Continental told the U.S. Securities and Exchange Commission on Tuesday.
The settlement, reached Sunday, is subject to conditions including the...
United, Continental Settle Texas Suit Over $3B Merger
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