News
Lernout & Hauspie/Dexia Bank Belgium Securities Litigation — New $60 Million Partial Settlement Added To Prior $120 Million Recovery By SSBR
Lernout & Hauspie Investors Can Participate In Dexia Settlement
04/09/2007
The Dexia Settlement will provide an aggregate Gross Settlement Fund of $60,000,000, in cash, plus interest.
If you are a Class Member, in order to be eligible to share in the distribution of the Dexia Settlement's Net Settlement Fund, you must submit a Proof of Claim and Release Form for the Dexia Settlement (Claim Form) postmarked no later than August 21, 2007, establishing that you are entitled to a recovery. Unless you validly exclude yourself from the Class, you will be bound by any judgment entered in the Action whether or not you make a Claim. If you desire to be excluded from the Class for the Dexia Settlement, you must file a request for exclusion so it is received no later than June 12, 2007, in the manner and form explained in the Notice.
The notice of pendency of class action, proposed settlement, settlement fairness hearing, and motion for lawyers' fees and reimbursement of litigation expenses (the Notice) is available by clicking here. The proof of claim form described in the Notice is available by clicking here. The Notice is also available in summary form in English, French, and Flemish.
A proposed settlement has been reached with Dexia Bank Belgium on behalf of investors who, in the period from August 19, 1998, to November 9, 2000, inclusive, purchased the common stock of Lernout & Hauspie Speech Products N.V. ("L&H") on the NASDAQ stock market or purchased L&H call options or sold L&H put options on any United States-based options exchange.
The Dexia Settlement will provide an aggregate Gross Settlement Fund of $60,000,000, in cash, plus interest.
If you are a Class Member, in order to be eligible to share in the distribution of the Dexia Settlement's Net Settlement Fund, you must submit a Proof of Claim and Release Form for the Dexia Settlement (Claim Form) postmarked no later than August 21, 2007, establishing that you are entitled to a recovery. Unless you validly exclude yourself from the Class, you will be bound by any judgment entered in the Action whether or not you make a Claim. If you desire to be excluded from the Class for the Dexia Settlement, you must file a request for exclusion so it is received no later than June 12, 2007, in the manner and form explained in the Notice.
The notice of pendency of class action, proposed settlement, settlement fairness hearing, and motion for lawyers' fees and reimbursement of litigation expenses (the Notice) is available by clicking here. The proof of claim form described in the Notice is available by clicking here. The Notice is also available in summary form in English, French, and Flemish.