Plaintiffs Seek OK For Settlement In Nationwide Case

Law360, New York (June 12, 2009, 12:00 AM EDT) -- Plaintiffs have asked a judge to give final approval to the settlement of a proposed class action against Nationwide Financial Services Inc. that alleged majority shareholder Nationwide Corp.'s $2.17 billion buyout bid was too low and that Nationwide had interests on both sides of the proposed deal.

In a motion filed Thursday in the U.S. District Court for the Southern District of Ohio, the plaintiffs asked the judge to bless a deal that contributed to Nationwide Corp. increasing its offer from $47.20 to $52.24 a share....
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