Stewart Enterprises Inc , ( NYSE: STEI) and the Funeral Consumers Alliance (FCA) have settled a lawsuit from 2005 in an undisclosed settlement.
Stewart Enterprises is simply now complying with the funeral rule and accepting third party caskets.
JEFFERSON, La. and NEW YORK, June 15, 2010 (GLOBE NEWSWIRE) — Stewart Enterprises, Inc. (Nasdaq:STEI), Funeral Consumers Alliance, Inc. (FCA), and their respective counsel today jointly announced that Stewart and FCA have entered into a confidential Settlement Agreement ending a lawsuit filed by FCA and several individuals in 2005. The settlement provides for dismissal with prejudice of all claims filed by the plaintiffs without any finding or admission of liability or wrongdoing by any party…..
“Plaintiffs brought this lawsuit to ensure, among other things, that funeral homes are honoring consumer rights with respect to casket purchases. We believe that Stewart has clearly demonstrated a commitment to apply the same standards to caskets purchased from other sellers as it does to its own merchandise.”
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