IN THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS
COUNTY DEPARTMENT -- CHANCERY DIVISION
IN RE NICOR INC. SHAREHOLDER ) No. 02 CH 15499
DERIVATIVE LITIGATION ) Judge Sophia H. Hall
FINAL JUDGMENT AND ORDER OF DISMISSAL
On the 29th day of March, 2005, a hearing was held by this Court to
determine: (1) whether the terms and conditions of the Stipulation and Agreement
of Settlement, dated as of February 16, 2005 (the "Stipulation"), which is
subject to review under 805 ILCS 5/7.80(c), are fair, reasonable, and adequate;
(2) whether judgment should be entered dismissing the Complaint filed in this
Action with prejudice; and (3) whether a release of the Released Claims, as set
forth in the Stipulation, should be provided to the Released Parties. The Court
having considered all matters submitted to it at the hearing and otherwise;
notice of the proposed settlement and the hearing having been given to the
shareholders of Nicor in the form approved by the Court; and the Court having
considered and determined that the proposed Settlement as set forth in the
Stipulation is fair, reasonable, and adequate;
NOW, THEREFORE, IT IS HEREBY ORDERED, this 29th day of March, 2005 that:
1. The Stipulation, including the definitions contained therein, is
incorporated by reference in this Final Judgment and Order of Dismissal.
2. This Court has jurisdiction over the subject matter of this Action.
3. The notice given to the shareholders of Nicor as set forth in the
Stipulation was the best notice practicable under the circumstances, and such
notice provided due and adequate
notice of those proceedings and of the matters set forth therein, including the
proposed Settlement set forth in the Stipulation, in accordance with Illinois
law and the requirements of due process.
4. This Court hereby approves the Settlement set forth in the Stipulation
and finds that the Settlement is, in all respects, fair, reasonable, and
adequate with respect to Nicor and its shareholders.
5. The Court hereby awards Plaintiffs' Counsel attorneys' fees and
expenses in the amount of $3,500,000. Payment of these fees and expenses shall
be made as provided in the Stipulation. If there are any disputes over the
distribution or allocation of attorneys' fees and/or expenses between or among
Plaintiffs' Counsel, those disputes shall be mediated, but if not resolved,
decided by the Court.
6. The Court hereby dismisses the Action with prejudice and without costs,
except as provided in the Stipulation.
7. Upon the Settlement Effective Date, Plaintiffs, each shareholder of
Nicor, and Nicor shall be deemed to have, and by operation of the Final Judgment
and Order of Dismissal shall have, fully, finally, and forever released,
relinquished, and discharged each and every one of the Released Parties from the
Released Claims as defined by the Stipulation and from all claims arising out of
the settlement or resolution of the Action.
8. Plaintiffs, Nicor, and all shareholders of Nicor, and all persons
acting in concert or participation with them, either directly, indirectly,
representatively, or in any other capacity, are hereby forever restrained and
enjoined from prosecuting, pursuing, or litigating any of the Released Claims
against any of the Released Parties in this or any other forum.
9. Upon the Settlement Effective Date, each of the Settling Parties shall
be deemed to have, and by operation of the Final Judgment and Order of Dismissal
shall have, fully, finally, and forever released, relinquished, and discharged
each other, each Shareholder, Plaintiffs, and Plaintiffs' Counsel from all
claims relating to, arising out of, or connected with the institution,
prosecution, assertion, settlement or resolution of the Action and/or the
10. Without affecting the finality of this Final Judgment and Order of
Dismissal in any way, this Court hereby retains continuing jurisdiction over:
(a) the implementation of the Settlement; and (b) the Settling Parties for the
purpose of construing, enforcing, and administering the Stipulation and the
IT IS SO ORDERED:
/s/ SOPHIA H. HALL
Sophia H. Hall
Judge of the Circuit Court of Cook County
Dated: March 29, 2005