Wednesday, November 16, 2005

Tenth Circuit Rejects Notice Challenge Based on Late Actual Notice to Shareholders

Per BNA's Class Action Litigation Report (Volume 06 Number 21 November 11, 2005, Page 782):

Late receipt of notice of a proposed class settlement plan didn't jeopardize a settlement in a securities case, the U.S. Court of Appeals for the Tenth Circuit decided Oct. 28 (DeJulius v. Sprint Corp., 10th Cir., No. 04-3091, 10/28/05).

The notice plan in the securities class action against Sprint Corp. gave the class as a whole sufficient notice "to flush out any objections that might arise to the fairness of the settlement," the Tenth Circuit said.

BNA subscribers can access the full article on the case by clicking here.


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