Update: As of May 9, 2011, the status is unchanged. The Court has ruled, in October 2010, that the terms of the Settlement were fair, adequate and reasonable but had not ruled on remaining issues as to the fee and expense request of Settlement Class Counsel. Until the remaining issues are decided by the Court, there is no Final Approval order as defined in the Settlement Agreement. Assuming that that all payments from the settlement fund are authorized as provided in the Settlement Agreement and that there are no appeals on any issues, remaining payments to Settlement Class Members would be made approximately two months after the District Court Judge issues her order. How long it will take the District Court Judge to rule on the remaining issues cannot be predicted.
Are you talking about the 2009 lawsuit? if so, I am sure that it has already been reflected on the financial statements so it will have no effect on Staples earnings. Staples should go up from here as can be seen today currently the DOW & Nasdaq are both down and SPLS is up nearly 2%. GLTA