Moriarty-Edgewood Superintendent of Schools, Tom Sullivan, read a statement at last night's board meeting about the status of the reorganization plan. The Public Education Department and the school district have reached an agreement in principle by which PED has agreed to approve the reorganization plan as submitted by MESD. The school district will, in turn, drop its lawsuit against PED. However, the agreement to settle the dispute between MESD and PED does not prelude independent action on the part of the Town of Edgewood in support of its resolution calling for the immediate formation of a separate Edgewood School District.