Www.NortelSECSettlement.com – Nortel SEC Fair Fund Class Action Lawsuit Settlement
The Nortel SEC Fair Fund Class Action Lawsuit Settlement came about because Nortel Networks Corporation were caught red handed for fraudulent accounting schemes. They apparently were fraudulent in their revenue earnings. this allowed them to provide an unrealistic guidance in terms of their revenues and earning which was given to Wall Street in 2000, 2002 and 2003. If you received a postcard in the mail and are an investor then you can take part. You can get more information on this at the settlement website at www.NortelSECSettlement.com.
You can also take part in the Nortel SEC Fair Fund Class Action Lawsuit Settlement if you bought or sold Nortel stock from October 24, 2000 to February 15, 2001 or from April 24, 2003 to April 27, 2004. If you only bought options to purchase, you are not eligible to take part. So make sure that you are eligible before getting the claim form at the settlement website at www.NortelSECSettlement.com. The amount of the settlement is $35.5 million. That is a lot of money so I would suggest that you take part if you can so that you can get some compensation. You can submit your claim online or via regular mail. Make sure that you do so by March 16, 2012. You can file online at the settlement website here.
If you were already approved for the previous Nortel class action settlements, you do not need to submit another claim form. You must include each transaction that you had. You must also include supporting documents. This means that you will have to provide trade confirmation slips or monthly statements. If you are mailing in your claim form, you have to send it to the following address:
Nortel SEC Fair Fund
c/0 The Garden City Group, Inc.
P.O. Box 9530
You will receive an acknowledgement of the receipt of your form. You will get this acknowledgement either via regular mail or online depending on how you submitted your claim form. If you do not receive anything within 60 days of filing, please contact the Distribution Agent. The Distributing Agent is The Garden City Group, Inc. If you did not include everything that you needed to, you will get a Claim Deficiency Notice. You will be informed of what you will need to fix or submit. How much you will get in terms of compensation really depends on how many people submitted their claim forms.
If you feel that you need more information on the Nortel SEC Fair Fund Class Action Lawsuit Settlement, you can go to the settlement website. You will be able to read and download notices here. You can also view the important dates for the settlement. There is also a Frequently Asked Questions section that you can check out. There is really detailed information there that should answer any question that you may have. However, if you still have questions, you can also call the SEC Fair Funds toll free at their hotline or you can email them at Questions@nortelsecsettlement.com. You should not contact the Court for additional information. Your request for information will not be entertained if you do that.
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