Monday, September 10, 2007

Better class-action notice

I gave it a shot. My thinking on class-action notices has been influenced by the the Federal Judicial Center's Illustrative Forms of Class Action Notices. In 5 minutes, I produced this to replace the first two parts of the original:

Revised class-action notice


If you own common stock in Company, you may have rights in a class action and another lawsuit against Company.
  • You need to have owned the stock some time between January 1, 1995, and March 22, 2007.
  • You may have rights even if a broker or agent held the stock for you.
This notice explains that the lawsuits may be settled. The court will hold a hearing about the proposed settlement on October 5, 2007.

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