Assuming needed bankruptcy court approvals are obtained, Rosetta and Calpine have, without prejudice to their other outstanding claims, reached business solutions regarding the following:
"The Agreement represents a positive step forward for our company, as it resolves certain open points between Rosetta and Calpine," said Charles Chambers, President and CEO of Rosetta Resources. "However, this partial settlement does not resolve what we believe to be the baseless fraudulent transfer claims Calpine has asserted against Rosetta, which remain pending. We are working diligently to resolve, including through a successful defense of the significant ongoing litigation, the outstanding matters with Calpine, and at the same time, maintaining our focus on delivering solid operational results."
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