WELCOME TO THE INITIAL PUBLIC OFFERING
SECURITIES LITIGATION WEBSITE

The proposed Stipulation and Agreement of Settlement (“Settlement Agreement”) resolves 309 actions (“The Actions”) alleging that the underwriters of hundreds of initial public offerings (“IPOs”) improperly required or induced certain investors in those IPOs to purchase additional shares in the aftermarket, often at inflated prices, and to pay the underwriters excessive, undisclosed compensation. Additionally, stock analysts employed by the underwriters allegedly had undisclosed conflicts of interest and prepared analyst reports that contained inaccurate information and recommendations. The Plaintiffs allege that these undisclosed and manipulative activities caused investors to pay artificially inflated prices and sustain damages.

The proposed Settlement Agreement provides a total of $586 Million in cash in exchange for the settlement and dismissal of all of the Actions.

The class consists of all persons and entities who purchased or otherwise acquired certain securities during particular time periods. The relevant securities and time periods are listed in Schedule 1.

Please be sure to review the Notice for information about your rights and the procedures that must be followed in order to submit a valid proof of claim, exclude yourself from the class or object to the proposed Settlement Agreement, among other information.

For additional information about the Litigation and the proposed Settlement Agreement, please click on the tabs on the left side of this page.

Important Dates

  • Exclusion Request Deadline: August 10, 2009
  • Objection Deadline: August 10, 2009
  • Settlement Fairness Hearing: September 10, 2009
  • Claim Filing Deadline: December 10, 2009

Questions? Call toll-free 1-800-916-6946 or E-Mail Questions@IpoSecuritiesLitigation.com



NOTE: This website is being provided as a service to potential class members. The information provided is in summary form and is not intended as a complete explanation of your rights, nor does it serve to provide legal or professional advice. To become more informed about the Litigation, you are directed to review carefully the legal documents linked to the tabs on the left side of this page.