Published: July 29, 2010

Inland and Lauth Agree to Settlement

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INDIANAPOLIS - (BUSINESS WIRE) - Robert M. Fishman, a member of the Chicago law firm of Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, the Special Mediator appointed by U. S. Bankruptcy Judge Basil H. Lorch III, today announced that Lauth Investment Properties, LLC and LIP Holdings LLC (an affiliate of Inland American) and their affiliates have reached a global settlement of their disputes in the cases now pending in the Bankruptcy Court.

Mr. Fishman was appointed by Judge Lorch in April 2010 as part of a settlement agreement between Lauth and Inland that ended pending litigation between them and resolved a motion to appoint a trustee.

Mr. Fishman mediated a resolution of all remaining issues between Inland and Lauth. The terms of the global settlement will remain confidential until the motion seeking approval of the settlement is filed with the Bankruptcy Court, which is expected to occur in about thirty days.

Under the terms of the global settlement and the April arrangement between Lauth and Inland, Lauth Group, Inc will relocate its headquarters to 11595 North Meridian Street. The Lauth Group relocation is expected occur in October.