GRISTEDE'S SETTLES 1994 LAWSUIT

NEW YORK -- Gristede's Foods here said it has entered into a memorandum with RMED International, a former shareholder, that would settle a class-action lawsuit filed by RMED in 1994 against Sloan's Supermarkets, Gristede's predecessor company, and John A. Catsimatidis, chairman and chief executive officer of both companies.ion fees and costs for the past eight years."As a result, Gristede's said its

NEW YORK -- Gristede's Foods here said it has entered into a memorandum with RMED International, a former shareholder, that would settle a class-action lawsuit filed by RMED in 1994 against Sloan's Supermarkets, Gristede's predecessor company, and John A. Catsimatidis, chairman and chief executive officer of both companies.

ion fees and costs for the past eight years."

As a result, Gristede's said its directors' and officers' insurance carrier decided to settle the matter, w

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