The Interpublic Group has reached an agreement to settle the consolidated class action shareholder suits currently pending in federal district court in New York. Interpublic is also working towards a
settlement of the other pending lawsuits relating to the 2002 earnings restatements as part of this same settlement package. Under terms of the proposed settlement, Interpublic will pay $115 million,
of which $20 million will be cash and $95 million will be common stock of Interpublic. The shares to be disbursed will be valued at $14.50 per share. The company will distribute to the class
6,551,725 shares of Interpublic common stock.
