Ryan's Restaurant Group, Inc. Announces Resolution of Shareholder Lawsuit
Ryan's Restaurant Group, Inc. reported that on September 28, 2006, it reached an agreement in principle and subject to court approval for the settlement of the putative shareholder class action that was filed on July 28, 2006 in connection with the anticipated merger between Ryan's and Buffets, Inc.
As part of the agreement, Ryan's provided certain additional information about the merger in a Current Report on Form 8-K that was filed on September 29, 2006. Ryan's does not consider any of this information to be material, and the agreement does not change the purchase price or any other terms of the merger.
