Certain Occidental Petroleum stockholders are being notified...

Certain Occidental Petroleum stockholders are being notified of a proposed $6-million settlement in a 6-year-old class-action lawsuit. The lawsuit claimed that the firm concealed information in the late 1970s that adversely affected the value of its stock. Terms of the previously announced settlement agreement--spelled out in an advertisement in today’s Times--call for the oil company to pay between 7 cents and 21 cents per share to certain stockholders. Those who purchased shares in the Los Angeles company between March 31, 1977, and Nov. 29, 1978, and still owned the stock on Nov. 29, 1978, are eligible for the money.