BRIEF-iStar reaches $29 mln settlement of shareholder lawsuit

Sept 10 Mon Sep 10, 2012 8:32am EDT

Sept 10 (Reuters) - iStar Financial Inc : * Istar financial inc, company officials reach $29 million settlement

of shareholder lawsuit -- court records * Insurers to pay $27 million of settlement amount, iStar to pay $2 million * Lawsuit arose from December 2007 iStar stock offering, accused company of

concealing impact of deteriorating credit market * Continues to deny plaintiffs' allegations in agreeing to settle

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