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Fieldstone Settles Litigation Claims; Full Steam Ahead for C-BASS Merger 

Feb 23, 2007By

Fieldstone Investment Corporation (NASDAQ:FICC) said late yesterday that it had settled litigation with former Fieldstone shareholders, relating to the price paid by Fieldstone to redeem their shares following the closing of Fieldstone’s Rule 144A equity offering in 2003. As part of the settlement agreement, Fieldstone agreed to pay $10.6 million to the former shareholders involved in the lawsuit and has received a full mutual release from all of the parties to the litigation.

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