Household International, Inc. Securities Litigation Website
Welcome to the Household International, Inc. Litigation Website. This site provides information concerning the background of the Household International, Inc. (“Household”) Securities Litigation and proposed settlement of this matter, information about the eligibility of submitted claims, and answers to Frequently Asked Questions.
The litigation involves all persons who purchased or otherwise acquired the common stock of Household during the period between October 23, 1997 and October 11, 2002, inclusive (the “Class”). The jury verdict in this case provided for recovery only for purchasers of Household common stock from March 23, 2001 to October 11, 2002.
A settlement has been reached in this matter between Plaintiffs and Defendants, the terms and conditions of which are set forth in the Stipulation and the Exhibits thereto. The notice sent recently is to inform investors of the proposed settlement, and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the proposed settlement.
The proposed settlement will result in the creation of a cash settlement fund in the principal amount of One Billion Five Hundred Seventy-Five Million Dollars, plus any interest that may accrue thereon.
Claimants were required to submit a Proof of Claim form as described in the Notice of Verdict dated January 11, 2011. If you filed a Proof of Claim form at that time, your claim was recommended for either acceptance or rejection, as set forth in reports filed with the Court by the Claims Administrator on December 22, 2011. If your claim was not rejected, you will share in the proceeds of the proposed settlement if: (1) you are entitled to a distribution under the Plan of Allocation described in the Notice of Proposed Settlement of Class Action; (2) you submitted a valid Proof of Claim form in 2011; (3) you answered the reliance question, as required, in 2011-2013; (4) you responded to discovery propounded by Defendants in 2014 on claimants who responded “Yes” to the reliance question (if you answered “No”, you were not served with discovery in 2014); and (5) if the proposed settlement is finally approved by the Court. All Class Members will be bound by the Judgment and release to be entered by the Court as described in the Notice. You may no longer submit a Proof of Claim in this matter.
A list of valid claims, by claim number, is provided on the Case Documents page of this website. On that page you will also find a list, by claim number, of claims that have been rejected. If you already know your claim number, please review the List of Valid Claims and List of Rejected Claims to determine if your claim has been accepted or rejected.
If you do not know your claim number, you may obtain your claim number by e-mailing the Claims Administrator at firstname.lastname@example.org.
Counsel for the Plaintiffs is Robbins Geller Rudman & Dowd LLP.
Although the information in this website is intended to assist you, it does not replace the information contained in the Notice of Proposed Settlement of Class Action (the “Settlement Notice”) and the Stipulation of Settlement. These and other relevant case documents can be found and downloaded from the Case Documents page of this website. We recommend that you read the Settlement Notice and other relevant case documents carefully and in their entirety.
Legal Rights and Options in the Settlement
|File a Proof of Claim:
||You may no longer submit a Proof of Claim in this matter. Claimants were required to submit a Proof of Claim form as described in the Notice of Verdict dated January 11, 2011.
|Determine the eligibility of a Proof of Claim:
||You may review the List of Valid Claims and List of Rejected Claims posted on the Case Documents page of this website to determine whether a claim is valid or rejected.
|Request exclusion from the Class:
||You may no longer request exclusion from the Class. Class Members were required to file requests for exclusion on or before March 20, 2006.
|Object to the Settlement:
||You may object to the settlement, the Plan of Allocation, the application for attorneys’ fees and expenses and/or any award of expenses to Plaintiffs in the manner described in Section XVIII of the Settlement Notice.
|Go to the Settlement Hearing:
||If you are a Class Member, you may, but are not required to, enter an appearance through counsel of your own choosing and at your own expense, provided that such counsel must file an appearance on your behalf on or before September 12, 2016, and must serve copies of such appearance on the attorneys listed in Section XVIII of the Settlement Notice.
||You may not have filed a Proof of Claim form in 2011 or a request for exclusion in 2006. If you chose one of these options, you will not share in the proceeds of the settlement, but you will be bound by any judgment entered by the Court, and you shall be deemed to have, and by operation of the Judgment shall have, fully released all of the Released Claims against the Released Persons.
Key Dates & Deadlines:
||March 20, 2006
|Claim Filing Deadline:
||May 24, 2011
|Report of Valid & Rejected Claims Filed with the Court:
||December 22, 2011
||September 12, 2016
|Deadline to file a Notice of Intention to appear at the Settlement Hearing:
||September 12, 2016
||October 20, 2016 at 10:30 a.m.
Additional Information is available at www.householdfraud.com