The Central Post Office was designed to serve as a one-stop filing place for issuers' secondary market disclosure documents. The facility collects issuers' documents, and then sends them to the four nationally recognized repositories and three state information depositories. While the suit threatened to close the CPO, under the settlement the CPO will continue to operate but with some technical changes to the way the Texas MAC's Central Post Office goes about its business.
The agreement does not require any payments between the two parties. And the technical changes will not result in major alterations to the nuts and bolts of the Texas MAC disclosure facility--raising questions about what the fuss and the threat to the CPO was all about in the first place.