Settlements
Schatz Nobel Izard is at the leading edge of 401(k) Plan litigation seeking to recover losses caused by imprudent investments. The Federal Law known as ERISA empowers employees and former employees to bring claims to recover losses caused by a breach of fiduciary duty. These claims often involve significant losses to the plan resulting from imprudent investments in employer stock.
The class action law firm was responsible for the seminal decision in Vivien v.Worldcom, in which the Court adopted the legal theory upon which these cases are based. SNI has been formally appointed to a leadership role in numerous cases.
PEMSTAR
The Court approved a $2.875 million settlement on November 9, 2007.
Pemstar Notice.pdf
Pemstar Proof of Claim.pdf
First Virtual Communications
On September 18, 2007, the Court gave final approval to a $1.6 million settlement in litigation brought on behalf of investors who purchased shares of First Virtual Communications stock from March 29, 2004 to September 23, 2004.
First Virtual Communications Notice.pdf
First Virtual Communications Proof of Claim.pdf
Netopia, Inc.
On June 8, 2007, U.S. District Judge Ronald Whyte gave final approval to a $11.25 million settlement of claims brought on behalf of purchasers of Netopia common stock from November 6, 2003 to August 16, 2004. Schatz Nobel Izard is counsel for the Plaintiff Class.
Netopia Notice.pdf
Netopia Proof of Claim Form.pdf
Sprint ERISA Proposed Settlement Documents
Third Consolidated Amended Complaint
Stipulation and Agreement of Settlement
Preliminary Approval Order
Notice of Settlement
Plan of Allocation
Supplemental Notice of Settlement
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