January 19, 2010 (FinancialWire) — Tree.com, Inc. (NASDAQ: TREE) has completed multiple settlement negotiations which will end uncertainties to specific contingent liabilities and cash outflows.

These matters include items related to intellectual property litigation previously described in the company’s SEC filings, and settlements with two buyers of stated income loans from its LendingTree Loans subsidiary. The company anticipates that it will record $16.3 million of charges in Q4 2009 related to these matters and other litigation and will provide details in its SEC filings.

Additionally, the company said its board of directors has approved a stock repurchase program for an amount up to $10 million. The program authorizes repurchases of common shares in the open market or through privately-negotiated transactions. The company expects to use available cash to finance these repurchases and will determine the timing and amount of them based on its evaluation of market conditions, applicable SEC guidelines and regulations and other factors. The company currently has approximately 10.9 million common shares outstanding. This program may be suspended or discontinued at any time at the discretion of the board of directors.

Tree.com, Inc. (NASDAQ: TREE) is the parent of several brands and businesses that provide information, tools, advice, products and services for critical transactions

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