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04/05/2016 (2)
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04/05/2016 (2)
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Last modified
9/11/2024 3:47:57 PM
Creation date
6/21/2016 12:53:50 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/05/2016
Meeting Body
Board of County Commissioners
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1.'8'.4f41 de m .se&fromxhe.Class can`Iet moneYy as 1a result of t}re Settler ents?._ <br /> get _ <br /> No. If you exclude yourself from the Class,you will not be able to get any money as a result of the Settlements, and you <br /> cannot object to the Settlements; however, you may be able to UBS AG, Societe Generale S.A., Natixis Funding Corp., <br /> Piper Jaffray&Co.,National Westminster Bank Plc,and/or George K.Baum &Co.on your own in the future,and you will <br /> not be bound by any decisions relating to these Settlements. <br /> 19:.W1iatif h:ParticiPated in the State AG S,eftlernents? <br /> : - - - - - -= - <br /> If you entered into municipal derivative transactions with certain entities—including Bank of America,GE,JP Morgan,UBS, <br /> and Wachovia,you may have been eligible to participate in the State AG Settlements relating to those entities.To the extent <br /> that you were eligible to participate in the State AG Settlement,you should have received a separate notice concerning the State <br /> AG Settlements J Class members who participated in the State AG settlements must indicate that on the Claim Form.The plan <br /> of allocation explains how those with claims eligible for participation in the State AG settlements are treated here. <br /> THE LAWYERS REPRESENTING YOU <br /> :thfscase? <br /> - ,r... <br /> Yes.The Court has appointed the law firms of Hausfeld LLP; Boies,Schiller&Flexner LLP; and Susman Godfrey L.L.P. <br /> to serve as interim lead Class Counsel to represent your claims.If you want to be represented by your own lawyer,you may <br /> hire one at your own expense. <br /> mss:. <br /> qgr <br /> .11� w11`tle _ 'lie•"aid_. _ _ .:�� _ _ >> - _ <br /> You are not person'ally responsible for payment of attorneys'fees�or expenses for Class Counsel.Instead,as compensation for their <br /> time and the risk in litigating the case on a contingent basis,Class Counsel will ask the Court to approve from the Settlement <br /> Amount an inte 'run payment of attomeys'fees,as well as an interim reimbursement for their expenses actually incurred in the <br /> prosecution of the litigation.Class Counsel will make a request for fees (equaling up to 1/3 of the total Settlement Amounts) <br /> and expenses at or before the date for objections on June 20,2016(see Question 24),and this request will be made available at <br /> the Municipal Derivatives Settlement website.Now or at some point in the future,Class Counsel may also ask the Court to <br /> approve compensation for the work of the Class Representatives as well,for up to$20,000 each for each settlement. <br /> If you wish to object to the request for attomeys'fee and expenses,you must file your objection by June 20,2016 as described <br /> in Question 22 below. <br /> I <br /> OBJECTING TO THE.SETTLEMENT ORTHE REQUEST FOR ATTORNEYS'FEES AND EXPENSES <br /> You can tell the Court that you don't agree with all or part of the Settlements or Class Counsel's request for attorneys'fees <br /> and expenses. <br /> ;22.-::rf`I=tLs` the Settlements chow::db:I"aelhafi`eCoiut. <br /> If you don't exclude yourself from the Class, you can object to the Settlements or any part of it with which you do not <br /> agree.The Court will consider your views.To object you must mail or deliver copies of your objection (and all supporting <br /> documentation) no later than June 20,2016 to the following addresses: <br /> Settlement Administrator Clerk of the Court <br /> Rust Consulting,Inc. Clerk of the Court <br /> P.O.Box 2500 United States Courthouse <br /> Faribault,MN 55021-9500 500 Pearl Street <br /> New York,N.Y. 10007 <br /> Your letter must: <br /> (a) Explain the basis for your objection;and <br /> (b) Include proof i of your membership in the Class (such as documents showing that you purchased municipal derivative <br /> transactionsfrom or through one or more of the Defendants or Alleged Co-Conspirators from January 1, 1992, to <br /> August 18,2011). 72 <br /> -8- <br />
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