Gemstar-TV Guide Settles with Ex-CFO6/13/2006 9:34 AM Eastern
Gemstar-TV Guide International Inc. reached a settlement agreement with former chief financial officer Elsie Ma Leung.
Under terms of the agreement, Leung relinquished all claims to the approximately $8.4 million the company is holding in a segregated account that was established in connection with its November 2002 management and corporate-governance restructuring.
The settlement fully resolves the pending arbitration claims between Leung and Gemstar-TV Guide, the company said.
The two parties also agreed to abandon all claims against each other.