UPFRONT

Mail-Well Settles Lawsuit

ENGLEWOOD, CO—Mail-Well Inc. has settled a lawsuit brought forward by a former employee contesting the termination of his employment. A jury in California Superior Court awarded the employee a $5.3 million judgment, and Mail-Well decided to avoid the expense and risk of further litigation by settling. Due to the settlement, Mail-Well will absorb a charge of $3.2 million for the fourth quarter of 2003, which reflects the costs of litigation and settlement net of tax effects.