Over the past month nearly 1,100 individual letters condoning the proposed settlement have flooded the courthouse.
con•done [ ken don ] (‘con dones) Be willing to overlook something To regard something that is immoral or wrong in a tolerant way, without criticizing or feeling strongly about it.
The author gives the impression that shareholders are ok with the POS POR. From the rest of the article I can only conclude he meant to say condemning or in my own words “to not be ok with it”