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Bond Plaintiffs, on behalf of themselves and the Bond Class, as defined in the Notice, have achieved a settlement of the Action with Defendants for $730,000,000 in cash that resolves all claims in the Action (the “Settlement”).
The Court in charge of this case held a hearing on July 23, 2013 at 10:00 a.m., before the Honorable Sidney H. Stein, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, Courtroom 23A, New York, NY 10007. On August 20, 2013, Judge Stein issued an Opinion and Order approving the Settlement and the proposed plan of allocation for the proceeds of the Settlement.
The Claim Filing Deadline was August 21, 2013. On July 18, 2014, Bond Plaintiffs filed a motion with the Court to conduct an initial distribution of the settlement funds to Authorized Claimants and for the Court’s approval of payment of a Litigation Expense. The Court approved that motion on August 1, 2014 and the initial distribution to Authorized Claimants occurred on September 12, 2014.