$290 Million Class Action Settlement by Williams Cos. Inc.

Williams Cos. Inc., a natural gass and pipeline company has declared that it has struck a deal to pay $290 million to settle class-action lawsuits filed for people who bought Williams stock between July 2000 and July 2002.

The settlement does not include any admissions of liability or violations of securities laws.

Preliminary approval from a federal court in northern Oklahoma is expected as soon as mid-August.

Link [news.moneycentral.msn.com/provider/providerarticle.asp?feed=OBR&Date=20060613&ID=5791759]

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