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Gemstar-TV Guide Settles with Ex-CFO

6/13/2006 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.

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