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Intelligroup Inc.

Intelligroup Inc. Securities Settlement The lawsuit was settled for additional disclosures in the proxy statement mailed to shareholders. The following is a summary of the proceedings in this lawsuit: ‘On June 14, 2010, Intelligroup, Inc. announced that it had entered into a definitive agreement (the ‘Merger Agreement’) with NTT DATA CORPORATION (‘NTT DATA’) to be...

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Safety Components International Inc.

Safety Components International Inc. Securities Settlement The class action lawsuit was settled for $10 million in cash. The derivative lawsuit was settled for $26 million in cash and $45 million in non cash benefits to be paid to the new International Textile Group Inc. The following is a summary of the proceedings in this lawsuit: ‘This matter (the Action) is pending before the Court of...

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infoGROUP, INC.

infoGROUP, INC. Securities Settlement The lawsuit was settled for $13 million in cash. The following is a summary of the proceedings in the lawsuit: ‘On March 8, 2010, infoGROUP publicly announced that it had entered into a definitive merger agreement with CCMP Capital Advisors, LLC (CCMP) for $8.00 per share (the Merger). On March 11, 2010, the Fund, by its counsel and on behalf of all...

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Brookfield Homes Corporation

Brookfield Homes Securities Settlement The lawsuit was settled for $5 million in cash. Eligible Class members do not need to make a claim to obtain their pro rata share of the Settlement Fund. Class members who owned Homes common stock in street name at the time of the Merger that was converted into Residential common stock should look for payment of their pro rata share of the Settlement Fund...

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Met-Pro Corporation

Met-Pro Corporation Securities Settlement The lawsuit was settled for supplemental disclosures in the proxy statement mailed to shareholders. The following is a summary of the proceedings in this lawsuit: ‘On April 22, 2013, Met-Pro and CECO Environmental Corporation (CECO) announced that they had entered into an Agreement and Plan of Merger (the Merger Agreement), dated as of April 21,...

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Novatel Wireless Inc.

Novatel Wireless Inc. Securities Settlement The lawsuit was settled for $16 million which includes $6 million in cash, $5 million in NWI common stock, and a $5 million Note, and will include interest that accrues on the fund and may reflect any fluctuations in the price of the common stock prior to distribution. The following is a summary of the proceedings in this lawsuit: ‘Lead Plaintiffs...

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