SOURCE: Case Financial, Inc.

October 31, 2005 17:22 ET

Case Financial, Inc. Announces Proposed Settlement Pending Court Approval

CARLSBAD, CA -- (MARKET WIRE) -- October 31, 2005 -- Case Financial, Inc. (OTC BB: CSEF) announces that it has settled with two of the four defendants in the derivative lawsuit filed on March 16, 2005 in the Delaware Court of Chancery. The settlement is subject to court approval. The two defendants combined have agreed to return to the company 850,000 shares of common stock in Case Financial, Inc., forgive $100,000 in debt plus interest and pay the company $15,160.

Contact Information

  • Contact:
    Lawrence Schaffer
    Case Financial, Inc.
    Tel. 760 804 1449