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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 to determine, among other things, whether the proposed Settlement should be approved. On August 20, 2013, the Court 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 for approval of the proposed Distribution Plan. The Court approved that motion on August 1, 2014 and, pursuant to the Court’s order, the initial distribution to Authorized Claimants occurred on September 12, 2014. The Court’s order is posted under Court Documents.