OTHER NEWS - March 16, 1996

Judge OKs Settlement in U-Haul Case: Federal Bankruptcy Judge James M. Marlar approved a plan by the board of Amerco Inc., corporate parent of U-Haul International Inc. of Phoenix, to pay the remaining $313.8 million owed on a judgment in favor of U-Haul founder Leonard S. Shoen and six of his children. The judge’s decision settles a family feud that began in 1986 when Joe and Mark Shoen forced their father, now 79, into early retirement and began a push to control the company. Amerco applied last month to regulators for what may be an offering of up to $500 million in common stock and other securities to help defray costs of the judgment. The father founded U-Haul in 1945. He wanted it to diversify into the general rentals business; the sons wanted to focus on its core moving business.