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SECURITIES
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The Private Securities Litigation Reform Act (PSLRA) has added new complications
to securities class action settlements. CAA has the knowledge and expertise to meet these new
challenges, and to provide excellent results for your next securities class action settlement.
Below are examples of
Class Action Administration's experience in this changing field.
Unless otherwise noted, these cases settled prior to trial. The parties cooperated to achieve
a mutually agreeable outcome. The fact that a settlement was reached should not be
construed as an admission of wrongdoing on the part of the defendants.
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American Cable TV Investors 5 Ltd. v. IR-TCI Partners V
The class was comprised of 12,000 partners of a cable TV enterprise.
Plaintiffs alleged that the management sold the primary assets of the enterprise to the
Defendant at a below-market price. CAA was able to distribute benefits to over 80% of the class.
CAA provided the following services:
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- Provided Pre-Settlement Consulting
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- Designed notice and claim form
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- Printed & mailed notice and claim form
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- Processed claim forms and opt-outs
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- Answered class member inquiries
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- Conducted additional research to locate class members
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- Calculated & disbursed benefits
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- Managed settlement fund
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Gregg v. Sport-Haley
The class was comprised of 4,000 shareholders who alleged that
the defendant's financial statements were materially misleading. CAA provided the following services:
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- Provided Pre-Settlement Consulting
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- Designed notice and claim form
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- Printed & mailed notice and claim form
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- Processed claim forms and opt-outs
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- Answered class member inquiries
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- Conducted additional research to locate class members
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- Calculated & disbursed benefits
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- Managed settlement fund
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McCormick v. Reddi Brake Supply
The class was comprised of 2,000 shareholders who alleged that
the defendant's financial statements were materially misleading. CAA provided the following services:
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- Provided Pre-Settlement Consulting
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- Designed notice and claim form
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- Printed & mailed notice and claim form
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- Processed claim forms and opt-outs
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- Answered class member inquiries
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- Conducted additional research to locate class members
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- Calculated & disbursed benefits
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- Managed settlement fund
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KG Marx Securities Settlement
The class was composed of 200 shareholders who alleged that the defendant's
stock offering materials contained material misstatements and omissions. CAA provided the following services:
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- Provided Pre-Settlement Consulting
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- Designed notice and claim form
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- Printed & mailed notice and claim form
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- Processed claim forms and opt-outs
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- Answered class member inquiries
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- Conducted additional research to locate class members
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- Calculated & disbursed benefits
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- Managed settlement fund
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Contact us to learn more about how CAA can assist you
with your next class action settlement.
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