WELCOME TO THE INITIAL PUBLIC OFFERING
SECURITIES LITIGATION WEBSITE
CURRENT INFORMATION YOU SHOULD KNOW ABOUT THE IPO SETTLEMENT
On July 11, 2014, a second distribution took place and Settlement payments were mailed to those claimants whose Proof of Claim was approved by the court and who cashed their first distribution check.
On October 23, 2012 the Court entered a Class Distribution Order approving the Claims Administratorís determinations accepting and rejecting the Proofs of Claim submitted herein, and directing payment of the 309 Net Distribution Amounts to the persons whose Proofs of Claim were accepted. To view a copy of this Distribution Order, click here.
First Distribution Settlement payments were mailed to accepted claimants on November 30, 2012.
As more fully described in the Settlement Notice, the Settlement of the Initial Public Offering Securities Litigation resolved 309 class actions. The Settlement Notice set forth the rights and the procedures that Class Members previously had to submit a valid Proof of Claim, request exclusion from the class or object to the Settlement Agreement, among other information. IT IS NOW TOO LATE TO SUBMIT A PROOF OF CLAIM, REQUEST EXCLUSION OR OBJECT TO THE SETTLEMENT.
The payments made on November 30, 2012 were calculated in accordance with the plan of allocation described in the Settlement Notice. If you have received a payment, you can review how your payment was calculated by clicking on the following Authorized Claimant Award Breakdown. You must enter your claim and payment numbers to view the Award Amount for each Subject Security that you purchased and for which you suffered Recognized Claim.
Questions? ? Frequently asked questions and their answers are listed in this website. For other questions you may call toll-free 1-800-916-6946 or E-Mail
NOTE: This website is being provided as a service to potential Class Members. The information provided is in summary form and is not intended as a complete explanation of your rights, nor does it serve to provide legal or professional advice. To become more informed about the Litigation, you are directed to review carefully the legal documents linked to the tabs on the left side of this page.
All appeals have now been resolved and the approval of the Settlement is now Final. The Court has approved the processing of Proofs of Claim received after the original December 10, 2009 deadline through claims received on February 9, 2012. In order to allow for the Claims Administrator to finally determine the eligibility of Class Members to share in the Net Settlement Funds NO MORE PROOFS OF CLAIM ARE ALLOWED TO BE SUBMITTED.
PROOF OF CLAIM BAR DATE: NO PROOF OF CLAIM SUBMITTED AFTER FEBRUARY 9, 2012 MAY BE ACCEPTED FOR ANY REASON WHATSOEVER
On February 9, 2012, Judge Scheindlin entered an Order authorizing the Claims Administrator to process all Proofs of Claim it received on or before February 9, 2012, and any Proofs of Claim received by the Claims Administrator after this date shall not be processed, may not be accepted and shall be returned by the Claims Administrator to the sender together with a notice stating that "The Court has entered an Order providing that no Proof of Claim submitted after the date of entry of this Order may be accepted for any reason whatsoever".
To view the text of this Order, click here