Crescent Operating, Inc. Announces Settlement Agreement With Crescent Real Estate Equities Company.

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Crescent Operating, Inc. Announces Settlement Agreement With Crescent Real Estate Equities Company.

Business Editors

FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 14, 2002

Crescent Operating, Inc. (OTCBB: COPI.OB) ("Crescent Operating" or the "Company") announced that it has executed an agreement (the "Agreement") with Crescent Real Estate Equities Company (NYSE:CEI) ("CEI"), which provides, among other things, the basis for Crescent Operating to file a prepackaged bankruptcy plan that the Company believes will provide for a limited recovery to its stockholders...

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