Fair, Isaac and Company reported that revenue for the second quarter reached $91.0 million, up 8% from $84.2 million reported in the same period last year. Net income was $14.7 million, compared with $12.4 million reported in the third quarter of last fiscal year. Fair, Isaac and HNC Software jointly announced Thursday that HNC and its directors had entered into a memorandum of understanding with counsel for plaintiffs in a lawsuit filed in the Superior Court of the State of California for the County of San Diego. The suit was filed on April 30, and sought to enjoin HNC’s proposed merger with a subsidiary of Fair, Isaac. Under the terms of the memorandum, HNC and the plaintiffs in the suit have agreed, subject to approval by the court, to enter into a settlement with respect to all claims raised by the plaintiffs in the lawsuit. If the court approves the settlement contemplated in the memorandum, the lawsuit will be dismissed. For complete details on Fair Isaac’s 2Q/02 results visit CardData ([www.carddata.com]).