Ryan's Restaurant Group Settles Lawsuit

Law360, New York (September 29, 2006, 12:00 AM EDT) -- Ryan’s Restaurant Group Inc. said Friday that it has settled a lawsuit filed in July related to a proposed $876 million merger deal with Buffets Holdings Inc.

The terms of the settlement were not disclosed, but as part of the agreement, the restaurant company has disclosed detailed information about the merger and the events leading up to it.

According to a filing with the U.S. Securities and Exchange Commission, Ryan’s believes the lawsuit was without merit but settled to avoid the costs and distractions of litigation....
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