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Welcome to the Asia Pulp & Paper Securities Class Action Settlement Home Page.
If you purchased or otherwise acquired any of the publicly-traded securities of the Asia Pulp & Paper Company Ltd. and its subsidiaries during the period between August 28, 1998 and April 4, 2001, inclusive, then you could get a payment from a class action settlement.
Excluded from the Settlement Class are:
Asia Pulp & Paper, its subsidiaries and
affiliates, and its officers and directors and members of
their immediate families, the Defendants, members of the immediate
families of each of the Defendants, any entities in which
the Defendants have a controlling interest, and the legal
representatives, heirs, successors, predecessors in interest,
affiliates or assigns of any of the Defendants;
any putative Class Members who exclude themselves by filing a request for
exclusion in accordance with the requirements set forth in
the Notice of Pendency of Class Action and Proposed Settlement;
and
any purchaser of any Asia Pulp & Paper Instrument who
pursuant to the restructuring of Asia Pulp & Paper’s principal
Indonesian operating subsidiaries is entitled to and has tendered
the relevant Asia Pulp & Paper Instrument into the relevant
restructuring and is entitled to receive Restructuring Consideration
in respect thereof, in accordance with terms of the restructuring,
but such person(s) is (are) excluded only with respect to
each relevant Asia Pulp & Paper Instrument that was tendered
and for which Restructuring Consideration is available with
terms of the restructuring and is not excluded with respect
to any other Asia Pulp & Paper Instrument purchased during
the Class Period. Also excluded from the Class are persons
and/or entities who exclude themselves from the Class in accordance
with requirements set forth in the Notice of Pendency of Class
Action and Proposed Settlement dated November 30, 2005.
The Settlement sets forth a recovery of US $46 million which, if approved by the Court, will be distributed among Class Members who submit valid Proof of Claim and Release forms.
The Settlement resolves the Consolidated Action which alleges that in the Spring of 2001, Asia Pulp & Paper began to disclose adverse information that was materially different from prior representations as to its assets and income, resulting a dramatic fall of market prices of its securities.
Note:This website is 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. For full and complete information, you are directed to review carefully the Notice of Pendency of Class Action and Proposed Settlement, Stipulation and Agreement of Settlement, and Proof of Claim and Release Form.
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