SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: mr.mark who wrote (45401)4/17/2002 10:50:46 PM
From: hdl  Read Replies (1) | Respond to of 45548
 
why didn't i get a check?



To: mr.mark who wrote (45401)4/18/2002 6:01:05 PM
From: David E. Taylor  Read Replies (2) | Respond to of 45548
 
Mark:

...I ended up with a little less than one half of what I figured I was qualified to receive....
Same here. The ratio of cash available in the fund to total claims was $216,670,904/$485,418,411 or about 45%. The ratio of what I received to the maximum I could have received (per the settlement cap) was close to 50%, so I did a little better than average.

There's no indication in the notice that came as to how they calculated the payout, though from what I recall, anyone who bought shares in the qualifying time period and held them through the required date probably (like you and I) lost more than the maximum $5.87/share (before expenses) payout that the settlement agreement gave as a cap.

So everyone probably got around half the maximum. In any event it was pretty close to the estimate they gave in the original claim notice for the "average" payout.

Sure better than nothing. Usually these class action lawsuits are a joke, and the only people who make out are the attorneys. This one had some tangible results for shareholders for a change.

David T.