Shareholders of Homestore Inc. who settled claims against the company last year will begin receiving individual distributions within 30 to 60 days, according to a release issued today by the company.

The settlement approved by a Federal District Court judge in March 2004 was valued at $13 million in cash and about $80 million in stock. One plaintiff, however, objected to the settlement. That objection recently was dismissed an appeal.

The class members are shareholders who bought stock between Jan. 1, 2000, and Dec. 21, 2001, including the California State Teachers’ Retirement System (CalSTRS).

Homestore has already placed $13 million in cash and 20 million new shares of Homestore stock in an escrow account for the class. Shares in the settlement would total $50.6 million, based on the share price of the settlement when it was initially agreed upon between Homestore and CalSTRS.