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Suit settled July 26. Settlement allows ex-Chairman and CEO Robert Schoellhorn to retire, effective Aug. 31. Terms were not disclosed. Schoellhorn sued the company on March 9 for wrongful firing the same day Abbott's board of directors voted to remove him from his CEO post. At issue for both sides were 51,600 shares of restricted stock that Schoellhorn stood to lose if Abbott proved it had "cause" for firing him ("The Pink Sheet" April 9, T&G-6).
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