Settlements

The parties have reached a settlement in the amount of $15.5 million.  The settlement is on behalf of a Class of purchasers of the common stock of General Growth Properties, Inc. (“General Growth”) during the period from April 30, 2008 through October 24, 2008. 

On April 10, 2009, the United States District Court for the Northern District of Texas preliminarily approved a $5.1 million settlement of claims brought on behalf of investors who purchased the common stock of Home Solutions of America between May 10, 2007 and February 15, 2008.  Final approval of the settlement was granted by the Court on June 15, 2009.   On May 26, 2010, Plaintiffs filed a motion for distribution of the settlement funds. On June 2, 2010, the Court signed the Order authorizing the distribution of settlement funds.

On July 30, 2009, the United States District Court for the Northern District of California approved a $2.7 million settlement of claims brought on behalf of investors who purchased the common stock of Applied Signal Technology, Inc. between August 25, 2004 and February 22, 2005. On May 21, 2010, Plaintiffs filed a motion for distribution of the settlement funds.

In order to participate in the distribution of the settlement, Class Members were required to send a Proof of Claim Form to the Claims Administrator's Office, post-marked no later than October 21, 2009, to the following address:

Applied Signal Technology, Inc. Securities Litigation

Claims Administrator

c/o FRG Information Systems Corp.

P.O. Box 460, Peck Slip Station

The parties have reached a settlement of $5.3 million in cash and $1.2 million worth of the common stock of Applied Energetics, Inc. The settlement is on behalf of a Class of purchasers of the common stock of Ionatron, Inc. (“Ionatron”) during the period from May 4, 2005 through May 10, 2006.

On November 23, 2009, United States District Judge Paul J. Barbadoro granted preliminary approval to the $70.525 million settlement reached in Overby v. Tyco et. al, 02-1357 (D. N.H.). The Class includes all persons who were participants in or beneficiaries of the Tyco International (US) Inc. Retirement Savings and Investment Plan I; the Tyco International (US) Inc. Retirement Savings and Investment Plan II; the Tyco International (US) Inc. Retirement Savings and Investment Plan III; the Tyco International (US) Inc. Retirement Savings and Investment Plan IV; the Tyco International (US) Inc. Retirement Savings and Investment Plan V; the Tyco International (US) Inc. Retirement Savings and Investment Plan VI; and the Tyco International (US) Inc. Retirement Savings and Investment Plan VII (collectively the "Plans") for whose individual accounts the Plans purchased and/or held shares of the Tyco Stock Fund at any time from August 12, 1998 to July 25, 2002 .

If you have not previously received the Notice of Class Action Settlement, you may click below to download this document. Please note that Adobe Acrobat Reader is required to download this document. 

The parties have reached a settlement in the amount of $21.5 million in the Veritas Software Corp. Securities Litigation, Civ. No. 04-831-SLR (D. Del.). The settlement is on behalf of a Class of persons who purchased or acquired Veritas' publicly traded securities, including persons who sold put options or bought call options, between April 23, 2003 and July 6, 2004.

On June 23, 2009, the United States District Court for the District of New Jersey entered an order approving a settlement in the amount of $13.7 million, on behalf of all purchasers of the common stock of Exide Technologies during the period from May 5, 2004 through May 17, 2005. 

In Order to Participate in the settlement, Class Members were required to submit a Proof of Claim Form  by July 22, 2009 to the Claims Administrator.

The Claims Administrator is currently verifying all of the submitted Proofs of Claim and determining the pro rata shares of each claimant, in accordance with the formula approved by the Court.