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The banks are happy with this proposed settlement's low cost to them.
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The proposed settlement was submitted Friday for preliminary approval by the court.
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The proposed settlement returns the locus of power to the Steering Committee.
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The proposed settlement is subject to court approval and other conditions, Goodman said.
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The proposed settlement would affirm 2009 mine agreements, including tax and fiscal rules.
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The deal comes after the FDIC board had rejected a previous proposed settlement.
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An SEC spokesman said the agency had no comment on the proposed settlement.
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A May 26 hearing has been set on the proposed settlement.
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The proposed settlement was submitted in October for preliminary approval by the court.
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As such, they believe they should not be bound by the proposed settlement.
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Many retailers criticized the proposed settlement after it was announced in July 2012.
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The proposed settlement would have kept drivers classified as independent contractors.
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The details of the proposed settlement, contingent on court approval, were not disclosed.
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A proposed settlement of those allegations was also announced on Thursday.
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Seltzer sued after rejecting a proposed settlement that included concert tickets.
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While Edward offered to pay more, his proposed settlement was rejected.