COMPANY TOWN ANNEX

Sony, Coke Settle Shareholder Suit Over TriStar Deal: The electronics giant and the Atlanta-based beverage maker agreed to pay $22.5 million to settle a lingering shareholder suit related to Coke’s 1987 acquisition of the TriStar studio. The settlement, which requires the approval of Delaware Chancery Court, follows a 1993 ruling that found that Coca-Cola Corp. mistreated TriStar’s minority shareholders when it more than doubled its stake in the TV television and movie production company to 80%. Coca-Cola sold Columbia Pictures, which included TriStar, to Sony Corp. in 1989. The settlement does not specify how the defendants will divide the payment. Coca-Cola, Sony and several former directors deny any wrongdoing. The ex-directors agreeing to the resolution are Victor A. Kaufman, David A. Matalon, E. Thayer Bigelow Jr., Joseph J. Collins, Patrick M. Williamson and Dan W. Lufkin.