Staples Agrees to Settle Shareholders’ Suit

Framingham, MA—Staples, the office supplies superstore chain and parent of cataloger Quill Corp., settled a March 2001 shareholders’ lawsuit that challenged the company’s plan to buy back shares of its online unit, Staples.com. As part of the settlement, Staples agreed to include information relevant to the value of Staples.com stock in its proxy statement for shareholders. The plan is still subject to a Delaware court approval.

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