/raid1/www/Hosts/bankrupt/CAR

/raid1/www/Hosts/bankrupt/CAR_Public/200410.mbx C L A S S A C T I O N R E P O R T E R Friday, April 10, 2020, Vol. 22, No. 73 Headlines [^] Notable Class Action Settlements in 2019 Asbestos Litigation ASBESTOS UPDATE: Arconic, Units Still Defend PI Suits at Dec. 31 ASBESTOS UPDATE: CenterPoint Energy Still Faces Suits at Dec. 31 ASBESTOS UPDATE: Chubb Ltd. Faces 1,724 Claims at December 31 ASBESTOS UPDATE: Crown Holdings Had 56,000 Claims at Dec. 31 ASBESTOS UPDATE: Curtiss-Wright Still Faces Suits at December 31 ASBESTOS UPDATE: Enstar Group Assumes $622.9MM Reserves for Zurich ASBESTOS UPDATE: ITT Remains Obliged to Indemnify Xylem at Dec. 31 ASBESTOS UPDATE: McDermott Int'l Still Faces Lawsuits at Dec. 31 ASBESTOS UPDATE: Roper Tech, Units Still Defend Suits at Dec. 31 ASBESTOS UPDATE: Stay Still in Effect in Parsons Suit vs. Liggett ********* [^] Notable Class Action Settlements in 2019 -------------------------------------------- Settlement Amount Class Action ----------------- ------------ $2,200,000,000 Richard Lightsey, et al. v. South Carolina Electric & Gas Company, et al., Case No. 2017-CP-25-335 (S.C. C.P., Hampton Cty.) This lawsuit was initiated as three separate class actions filed in August 2017 following the announcement by Defendants of their intention to abandon the construction of a nuclear power plant, which had been ongoing and financed by SCE&G customers since 2009. Plaintiffs allege, among other things, that Defendants breached various duties in the construction of the Project and improperly charged Plaintiffs advanced financing costs. The settlement includes a $115 million cash component, an estimated $60 million to $85 million from the sale of SCE&G property, and up to $2 billion in future electric rate relief. Final settlement approval granted on June 11, 2019. Judge: Hon. John C. Hayes, III Counsel for Named Plaintiffs Richard Lightsey, LeBrian Cleckley, and Phillip Cooper: J. Preston Strom, Jr., Esq. Mario A. Pacella, Esq. Bakari T. Sellers, Esq. Jessica L. Fickling, Esq. STROM LAW FIRM, LLC 2110 Beltline Blvd. Columbia, SC 29204 Telephone: (803) 252-4800 Facsimile: (803) 252-4801 E-mail: petestrom@stromlaw.com mpacella@stromlaw.com besellers@stromlaw.com jfickling@stromlaw.com - and - Terry Richardson, Esq. Daniel S. Haltiwanger, Esq. Matthew A. Nickles, Esq. RICHARDSON, PATRICK, WESTBROOK & BRICKMAN, L.L.C. P. O. Box 1368 1730 Jackson Street Barnwell, SC 29812 Telephone: (803) 541-7850 Facsimile: (803) 541-9625 E-mail: dhaltiwanger@rpwb.com mnickles@rpwb.com - and - Keith M. Babcock, Esq. Ariail E. King, Esq. LEWIS BABCOCK, LLP 1513 Hampton Street Post Office Box 11208 Columbia, SC 29211-1208 Telephone: (803) 771-8000 E-mail: kmb@lewisbabcock.com aek@lewisbabcock.com - and - Dan Speights, Esq. A.G. Solomons III, Esq. SPEIGHTS AND SOLOMONS 100 Oak Street Hampton, S.C. 29924 Telephone: (803) 943-4444 - and - J. Edward Bell, Esq. BELL LEGAL GROUP, LLC 219 Ridge Street Georgetown, SC 29440 Telephone: (843) 546-2408 Facsimile: (843) 546-9604 E-mail: ebell@edbelllaw.com - and - Vincent Sheheen, Esq. SAVAGE, ROYALL AND SHEHEEN, L.L.P. 1111 Church Street Camden, SC 29020 Telephone: (803) 432-4391 - and - Gregory Michael Galvin, Esq. GALVIN LAW GROUP, LLC PO Box 887 Bluffton, SC 29910 Telephone: (843) 227-2231 Facsimile: (888) 362-0714 E-mail: ggalvin@galvinlawgroup.com - and - Creighton B. Coleman, Esq. COLEMAN & TOLEN, LLC 120 West Washington Street PO Box 1006 Winnsboro, SC 29180 Telephone: (803) 635-6884 Facsimile: (803) 635-9228 E-Mail: creighton@colemantolen.com Counsel for Defendants South Carolina Electric & Gas Company, a Wholly Owned Subsidiary of SCANA, and SCANA Corporation: Steven J. Pugh, Esq. RICHARDSON PLOWDEN & ROBINSON, P.A. 1900 Barnwell Street Columbia, SC 29201 Telephone: (803) 771-4400 E-mail: spugh@richardsonplowden.com - and - James Y. Becker, Esq. Robert Y. Knowlton, Esq. Elizabeth H. Black, Esq. Mary C. Eldridge, Esq. HAYNSWORTH SINKLER BOYD, P.A. 1201 Main Street, Suite 2200 Post Office Box 11889 (29211-1889) Columbia, SC 29201 Telephone: (803) 779-3080 E-mail: jbecker@hsblawfirm.com bknowlton@hsblawfirm.com eblack@hsblawfirm.com meldridge@hsblawfirm.com - and – Leah B. Moody, Esq. LAW OFFICE OF LEAH B. MOODY, LLC 235 East Main Street, Suite 115 (29730) Post Office Box 1015 Rock Hill, SC, 29731 Telephone: (803) 327-4192 E-mail: lbmatty@comporium.net - and – David L. Balser, Esq. Jonathan R. Chally, Esq. Julia C. Barrett, Esq. KING & SPALDING LLP 1180 Peachtree St. NE Atlanta, GA 30309 Telephone: (404) 572-4600 E-mail: dbalser@kslaw.com jchally@kslaw.com jbarrett@kslaw.com Special Master for Deceased Class Member Claims: David L. Michel Claims Administrator: EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. 10300 SW Allen Blvd. Beaverton, OR 97005 Telephone: (503) 350-5800 On the Net: http://www.scegratepayersettlement.com/ Settlement Amount Class Action ----------------- ------------ $900,000,000 In Re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB)(JO) (S.D.N.Y.) The lawsuit claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated antitrust laws. Under the 2019 settlement, Defendants will make additional cash payments of $900 million for the Class, in addition to the funds from the 2012 settlement funds, after reduction for opt- outs and administrative expenses, raising the total settlement fund to roughly $6.3 billion. The amount is subject to a possible partial reduction, not to exceed $700 million, depending on the percentage of merchant volume that opts out from the settlement. The deal creates a Rule 23(b)(3) Settlement Class consisting of all persons, businesses, and other entities that have accepted any Visa-Branded Cards and/or Mastercard-Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019. The Rule 23(b)(3) Settlement Class does not include (a) plaintiffs that previously settled and dismissed their own lawsuit against a Defendant, and entities related to those Plaintiffs, (b) the U.S. government, (c) the named Defendants in the Action or their directors, officers, or members of their families, or (d) financial institutions that have issued Visa-Branded Cards or Mastercard-Branded Cards or acquired Visa- Branded Card transactions or Mastercard-Branded Card transactions at any time from January 1, 2004 to January 25, 2019. The deal does not resolve a pending Rule 23(b)(2) equitable relief class action Captioned Barry's Cut Rate Stores, Inc., et al. v. Visa, Inc., et al., MDL No. 1720, Docket No. 05-md-01720-MKB-JO. The proposed Rule 23(b)(2) class is represented by other class representatives and other class counsel. Final settlement approval granted on December 13, 2019. Judge: Hon. Margo K. Brodie Co-Lead Counsel for Rule 23(b)(3) Class Plaintiffs Photos Etc. Corporation dba ScanMyPhotos.com; Traditions, Ltd.; Capital Audio Electronics, Inc.; CHS Inc.; Discount Optics, Inc.; Leon's Transmission Service, Inc.; Parkway Corporation; and Payless Inc.: K. Craig Wildfang, Esq. Thomas J. Undlin, Esq. Ryan W. Marth, Esq. ROBINS KAPLAN LLP 800 LaSalle Plaza, Suite 2800 Minneapolis, MN 55402 Telephone: (612) 349-8500 Facsimile: (612) 339-4181 E-mail: KCWildfang@RobinsKaplan.com TUndlin@RobinsKaplan.com RMarth@RobinsKaplan.com - and - H. Laddie Montague, Esq. Merrill G. Davidoff, Esq. Michael J. Kane, Esq. BERGER & MONTAGUE, P.C. 1622 Locust Street Philadelphia, PA 19103 Telephone: (215) 875-3000 Facsimile: (215) 875-4604 E-mail: hlmontague@bm.net mdavidoff@bm.net mkane@bm.net - and - Patrick J. Coughlin, Esq. Joseph David Daley, Esq. Alexandra Senya Bernay, Esq. ROBBINS GELLER RUDMAN & DOWD LLP 655 West Broad Way, Suite 1900 San Diego, CA 92101 Telephone: (619) 231-1058 Facsimile: (619) 231-7423 E-mail: patc@rgrdlaw.com joed@rgrdlaw.com xanb@rgrdlaw.com Counsel for Defendants Visa Inc., Visa U.S.A. Inc., and Visa International Service Association: Robert J. Vizas, Esq. ARNOLD & PORTER KAYE SCHOLER LLP Three Embarcadero Center, 10th Floor San Francisco, CA 94111-4024 Telephone: (415) 471-3100 Facsimile: (415) 471-3400 E-Mail: robert.vizas@arnoldporter.com - and - Mark R. Merley, Esq. Matthew A. Eisenstein, Esq. ARNOLD & PORTER KAYE SCHOLER LLP 601 Massachusetts Avenue, NW Washington, DC 20001-3743 Telephone: (202) 942-5000 Facsimile: (202) 942-5999 E-Mail: mark.merley@arnoldporter.com matthew.eisenstein@arnoldporter.com - and - Robert C. Mason, Esq. ARNOLD & PORTER KAYE SCHOLER LLP 250 West 55th Street New York, NY 10019-9710 Telephone: (212) 836-8000 Facsimile: (212) 836-8689 E-Mail: robert.mason@arnoldporter.com - and - Michael S. Shuster, Esq. Demian A. Ordway, Esq. Blair E. Kaminsky, Esq. HOLWELL SHUSTER & GOLDBERG LLP 425 Lexington Avenue New York, NY 10017 Telephone: (646) 837-5151 Facsimile: (646) 837-5153 E-Mail: mshuster@hsgllp.com dordway@hsgllp.com bkaminsky@hsgllp.com Counsel for Defendants Mastercard Incorporated and Mastercard International Incorporated: Kenneth A. Gallo, Esq. Zachary A. Dietert, Esq. PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 2001 K Street, NW Washington, DC 20006-1047 Telephone: (202) 223-7300 Facsimile: (202) 223-7420 E-Mail: kgallo@paulweiss.com zdietert@paulweiss.com - and - Gary R. Carney, Esq. PAUL, WEISS, RIFKIND, WHARTON & GARRISON, LLP 1285 Avenue of the Americas New York, NY 10019-6064 Telephone: (212) 373-3000 Facsimile: (212) 757-3990 E-Mail: gcarney@paulweiss.com Counsel for Defendants Bank of America, N.A., BA Merchant Services LLC (f/k/a National Processing, Inc.), and Bank of America Corporation: Mark P. Ladner, Esq. Michael B. Miller, Esq. MORRISON & FOERSTER LLP 250 West 55th Street New York, NY 10019-9601 Telephone: (212) 468-8000 Facsimile: (212) 468-7900 E-Mail: mladner@mofo.com mbmiller@mofo.com Counsel for Defendants Barclays Bank plc, Barclays Delaware Holdings, LLC, (f/k/a Juniper Financial Corporation), Barclays Bank Delaware (f/k/a Juniper Bank), and Barclays Financial Corp.: Wayne D. Collins, Esq. James P. Tallon, Esq. SHEARMAN & STERLING 599 Lexington Avenue New York, NY 10022-6069 Telephone: (212) 848-4000 Facsimile: (212) 848-7179 E-Mail: wcollins@shearman.com jtallon@shearman.com Counsel for Defendants Capital One Bank (USA), N.A., Capital One F.S.B., and Capital One Financial Corporation: Andrew J. Frackman, Esq. Abby F. Rudzin, Esq. O'MELVENY & MYERS LLP Times Square Tower 7 Times Square New York, NY 10036 Telephone: (212) 326-2000 Facsimile: (212) 326-2061 E-Mail: afrackman@omm.com arudzin@omm.com Counsel for Defendants JPMorgan Chase & Co. (and as successor to Bank One Corporation), JPMorgan Chase Bank, N.A., Chase Bank USA, N.A. (and as successor to Chase Manhattan Bank USA, N.A. and Bank One Delaware, N.A.), and Paymentech, LLC (and as successor to Chase Paymentech Solutions, LLC): Peter E. Greene, Esq. Boris Bershteyn, Esq. Kamali P. Willett, Esq. SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP 4 Times Square New York, NY 10036 Telephone: (212) 735-3000 Facsimile: (212) 735-2000 E-Mail: peter.greene@skadden.com boris.bershteyn@skadden.com kamali.willett@skadden.com Counsel for Defendants Citibank, N.A., Citigroup Inc., and Citicorp.: David F. Graham, Esq. SIDLEY AUSTIN LLP One South Dearborn Street Chicago, IL 60603 Telephone: (312) 853-7000 Facsimile: (312) 853-7036 E-Mail: dgraham@sidley.com - and – Benjamin R. Nagin, Esq. SIDLEY AUSTIN LLP 787 Seventh Ave New York, NY 10019 Telephone: (212) 839-5300 Facsimile: (212) 839-5599 E-Mail: bnagin@sidley.com Counsel for Defendant Fifth Third Bancorp: Richard L. Creighton, Jr., Esq. Drew M. Hicks, Esq. KEATING MUETHING & KLEKAMP PLL One East Fourth Street, Suite 1400 Cincinnati, OH 45202 Telephone: (513) 579-6400 Facsimile: (513) 579-6457 E-Mail: rcreighton@kmklaw.com dhicks@kmklaw.com Counsel for Defendant First National Bank of Omaha: John P. Passarelli, Esq. James M. Sulentic, Esq. KUTAK ROCK LLP 1650 Farnam Street The Omaha Building Omaha, NE 68102 Telephone: (402) 346-6000 Facsimile: (420) 346-1148 E-Mail: John.Passarelli@KutakRock.com James.Sulentic@KutakRock.com Counsel for HSBC Finance Corporation, HSBC Bank USA, N.A., HSBC North America Holdings Inc., HSBC Holdings plc, and HSBC Bank plc: David S. Lesser, Esq. WILMER CUTLER PICKERING HALE AND DORR LLP 7 World Trade Center 250 Greenwich Street New York, NY 10007 Telephone: (212) 230-8800 Facsimile: (212) 230-8888 E-Mail: david.lesser@wilmerhale.com Counsel for Defendants The PNC Financial Services Group, Inc. (and as acquirer of National City Corporation), National City Corporation, and National City Bank of Kentucky: Frederick N. Egler, Esq. REED SMITH LLP Redd Smith Center 225 Fifth Avenue Pittsburgh, PA 15222 Telephone: (412) 288-3396 Facsimile: (412) 288-3063 Email: fegler@reedsmith.com Counsel for Defendants SunTrust Banks, Inc. and SunTrust Bank: Teresa T. Bonder, Esq. Valarie C. Williams, Esq. Kara F. Kennedy, Esq. ALSTON & BIRD LLP 1201 West Peachtree Street NW Atlanta, GA 30309 Telephone: (404) 881-7000 Facsimile: (404) 881-7777 E-Mail: Teresa.Bonder@alston.com Valarie.Williams@alston.com Kara.Kennedy@alston.com Counsel for Defendant Texas Independent Bancshares, Inc.: Jonathan B. Orleans, Esq. Adam S. Mocciolo, Esq. PULLMAN & COMLEY, LLC 850 Main Street PO Box 7006 Bridgeport, CT 06601-7006 Telephone: (203) 330-2000 Facsimile: (203) 576-8888 E-Mail: jborleans@pullcom.com amocciolo@pullcom.com Counsel for Defendants Wells Fargo & Company (and as successor to Wachovia Corporation): Robert P. LoBue, Esq. William F. Cavanaugh, Esq. PATTERSON BELKNAP WEBB & TYLER LLP 1133 Avenue of the Americas New York, NY 10036 Telephone: (212) 336-2000 Facsimile: (212) 336-2222 E-Mail: rplobue@pbwt.com wfcavanaugh@pbwt.com Counsel for Intervenor-Plaintiffs Gary B. Friedman and Friedman Law Group LLP: Gary Friedman, Esq. FRIEDMAN LAW GROUP LLP 154 Grand Street New York, NY 10013 Telephone: (917) 568-5024 E-mail: gfriedman@flgllp.com Claims Administrator: Nicole F. J. Hamann Senior Vice President EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. 10300 SW Allen Blvd. Beaverton, OR 97005 Telephone: (503) 350-5800 On the Net: https://www.paymentcardsettlement.com/ Settlement Amount Class Action ----------------- ------------ $546,960,800 In Re: Chrysler-Dodge-Jeep EcoDiesel(R) Marketing, Sales Practices, and Products Liability Litigation, MDL No. 2777 (N.D. Cal.) Owners and lessees allege that certain Ram and Jeep vehicles with 3.0-liter V6 diesel engines in the United States were equipped with eight Auxiliary Emissions Control Devices (AECDs) that were not disclosed to the Environmental Protection Agency, and that the operation of one or more of the AECDs alone or in combination resulted in excess emissions of nitrogen oxides. Under the settlement, Defendants will repair about 100,000 Class Vehicles to ensure their compliance with emissions regulations, protect the repaired vehicles with a robust extended warranty, and fairly compensate Class Members with cash payments up to $3,075. If all Class Members participate, this will result in roughly $307,460,800 in compensation, plus extended warranty benefits worth an additional $239,500,000. Final settlement approval granted on May 3, 2019. Judge: Hon. Edward M. Chen Plaintiffs' Lead Counsel and Chair of the Plaintiffs' Steering Committee: Elizabeth J. Cabraser, Esq. LIEFF CABRASER HEIMANN & BERNSTEIN, LLP 275 Battery Street, 29th Floor San Francisco, CA 94111-3339 Telephone: (415) 956-1000 Facsimile: (415) 956-1008 E-mail: ecabraser@lchb.com Plaintiffs' Steering Committee: Roland K. Tellis, Esq. BARON & BUDD, P.C. 15910 Ventura Boulevard, Suite 1600 Encino, CA 91436 Telephone: (818) 839-2320 Facsimile: (818) 986-9698 E-mail: rtellis@baronbudd.com - and - W. Daniel ("Dee") Miles, III, Esq. BEASLEY, ALLEN, CROW, METHVIN, PORTIS & MILES P.C. 218 Commerce Street Montgomery, AL 36104 Telephone: (800) 898-2034 Facsimile: (334) 954-7555 E-mail: dee.miles@beasleyallen.com - and - Lesley E. Weaver, Esq. BLEICHMAR FONTI & AULD, LLP 555 12th Street, Suite 1600 Oakland, CA 94607 Telephone: (415) 445-4003 Facsimile: (415) 445-4020 E-mail: lweaver@bfalaw.com - and - David S. Casey, Jr., Esq. CASEY GERRY SCHENK FRANCAVILLA BLATT & PENFIELD LLP 110 Laurel Street San Diego, CA 92101-1486 Telephone: (619) 238-1811 Facsimile: (619) 544-9232 E-mail: dcasey@cglaw.com - and - Steve W. Berman, Esq. HAGENS BERMAN 1918 8th Avenue, Suite 3300 Seattle, WA 98101 Telephone: (206) 623-7292 Facsimile: (206) 623-0594 E-mail: steve@hbsslaw.com - and - Lynn Lincoln Sarko, Esq. KELLER ROHRBACK L.L.P. 1201 Third Avenue, Suite 3200 Seattle, WA 98101 Telephone: (206) 623-1900 Facsimile: (206) 623-3384 E-mail: lsarko@kellerrohrback.com - and - Joseph F. Rice, Esq. MOTLEY RICE, LLC 28 Bridgeside Boulevard Mount Pleasant, SC 29464 Telephone: (843) 216-9000 Facsimile: (843) 216-9450 E-mail: jrice@motleyrice.com - and - Rachel L. Jensen, Esq. ROBBINS GELLER RUDMAN & DOWD LLP 655 West Broadway, Suite 1900 San Diego, CA 98101 Telephone: (619) 231-1058 Facsimile: (619) 231-7423 E-mail: rachelj@rgrdlaw.com - and - Stacey P. Slaughter, Esq. ROBINS KAPLAN LLP 800 LaSalle Avenue, Suite 2800 Minneapolis, MN 55402 Telephone: (612) 349-8500 Facsimile: (612) 339-4181 E-mail: sslaughter@robinskaplan.com Counsel for Fiat Chrysler Automobiles N.V., FCA US LLC, V.M. Motori S.p.A., and V.M. North America, Inc.: Robert J. Giuffra, Jr., Esq. William B. Monahan, Esq. Thomas C. White, Esq. C. Megan Bradley, Esq. SULLIVAN & CROMWELL LLP 125 Broad Street New York, NY 10004 Telephone: (212) 558-4000 Facsimile: (212) 558-3588 E-mail: giuffrar@sullcrom.com monahanw@sullcrom.com whitet@sullcrom.com bradleyc@sullcrom.com Counsel for Defendants Robert Bosch LLC and Robert Bosch GmbH: Matthew D. Slater, Esq. CLEARY GOTTLIEB STEEN & HAMILTON LLP 2112 Pennsylvania Ave., NW Washington, DC 20037 Telephone: (202) 974-1500 Facsimile: (202) 974-1999 E-mail: mslater@cgsh.com Claims Administrator: Steven Weisbrot ANGEION GROUP LLC 1650 Arch Street, Suite 2210 Philadelphia, PA 19103 Telephone: (215) 563-4116 Facsimile: (215) 563-8839 On the Net: https://www.ecodieselsettlement.com/ Settlement Amount Class Action ----------------- ------------ $393,500,000 In Re: Wells Fargo Collateral Protection Insurance Litigation, Case No. 8:17-ML- 2797-AG-KES (C.D. Cal.) The settlement resolves a lawsuit against Wells Fargo Bank, N.A., Wells Fargo & Co., National General Holdings Corp. and National General Insurance Company alleging that between October 15, 2005 and September 30, 2016, Defendants along with their predecessors, forced millions of unsuspecting consumers to pay for duplicative, unnecessary, and overpriced Collateral Protection Insurance. Under the settlement, Defendants are distributing at least $393.5 million to Class Members. Final settlement approval granted on November 20, 2019. Judge: Hon. Andrew J. Guilford Co-Lead Counsel for Plaintiffs Angelina Camacho, Odis Cole, Nyle Davis, Duane Fosdick, ReginaGonzalez Phillips, Brandon Haag, Paul Hancock, Dustin Havard, Brian Miller, Analisa Moskus, Keith Preston, Victoria Reimche, Dennis Small and Bryan Tidwell: Roland Tellis, Esq. David B. Fernandes, Jr., Esq. BARON & BUDD, P.C. 15910 Ventura Boulevard, Suite 1600 Encino, CA 91436 Telephone: (818) 839-2333 Facsimile: (818) 986-9698 E-mail: rtellis@baronbudd.com dfernandes@baronbudd.com - and - Roman M. Silberfeld, Esq. David Martinez, Esq. ROBINS KAPLAN LLP 2049 Century Park East, Suite 3400 Los Angeles, CA 90067 Telephone: (310) 552-0130 Facsimile: (310) 229-5580 E-mail: rsilberfeld@robinskaplan.com dmartinez@robinskaplan.com - and - Aaron M. Sheanin, Esq. ROBINS KAPLAN LLP 2440 W. El Camino Real, Suite 100 Mountain View, CA 94040 Telephone: (650) 784-4040 Facsimile: (650) 784-4041 E-mail: asheanin@robinskaplan.com - and - Kellie Lerner, Esq. Benjamin D. Steinberg, Esq. ROBINS KAPLAN LLP 399 Park Avenue, Suite 3600 New York, NY 10022 Telephone: (212) 980-7400 Facsimile: (212) 980-7499 E-mail: klerner@robinskaplan.com bsteinberg@robinskaplan.com Plaintiffs' Steering Committee: Eric H. Gibbs, Esq. Michael L. Schrag, Esq. GIBBS LAW GROUP LLP 505 14th Street, Suite 1110 Oakland, CA 94612 Telephone: (510)-350-9700 Facsimile: (510) 350-9701 E-mail: ehg@classlawgroup.com mls@classlawgroup.com - and - Charles E. Schaffer, Esq. LEVIN SEDRAN & BERMAN 510 Walnut Street, Suite 500 Philadelphia, PA 19106 Telephone: (215) 592 1500 Facsimile: (215) 592-4663 E-mail: cschaffer@lfsblaw.com - and - Paul F. Novak, Esq. WEITZ & LUXENBERG, P.C. Chrysler House 719 Griswold, Suite 620 Detroit, MI 48226 Telephone: (313) 800-4170 Facsimile: (646) 293-7992 Plaintiffs' Liaison Counsel: David S. Casey, Jr., Esq. Gayle M. Blatt, Esq. CASEY GERRY SCHENK FRANCAVILLA BLATT & PENFIELD, LLP 110 Laurel Street San Diego, CA Telephone: (619) 238-1811 Facsimile: (619) 544-9232 Counsel for Defendants Wells Fargo & Company and Wells Fargo Bank N.A. d/b/a Wells Fargo Dealer Services: David C. Powell, Esq. Jason Evans, Esq. Alicia A. Baiardo, Esq. Carolee A. Hoover, Esq. Aaron R. Marienthal, Esq. MCGUIREWOODS LLP Two Embarcadero Center, Suite 1300 San Francisco, CA 94111-3821 Telephone: (415) 844-9944 Facsimile: (415) 844-9922 E-mail: dpowell@mcguirewoods.com jevans@mcguirewoods.com abaiardo@mcguirewoods.com choover@mcguirewoods.com amarienthal@mcguirewoods.com Counsel for Defendants National General Insurance Company and National General Holdings Corporation: Corey Worcester, Esq. Jane Byrne, Esq. Renita Sharma, Esq. QUINN EMANUEL URQUHART & SULLIVAN, LLP 51 Madison Avenue New York, NY 07079 Telephone: (212) 849-7000 E-mail: coreyworcester@quinnemanuel.com janebyrne@quinnemanuel.com renitasharma@quinnemanuel.com Mediator: Eric D. Green RESOLUTIONS, LLC 125 High Street, Suite 2205 Boston, MA 02110 Claims Administrator: EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. 10300 SW Allen Blvd. Beaverton, OR 97005 Telephone: (503) 350-5800 Notice Agent: Cameron R. Azari, Esq. HILSOFT NOTIFICATIONS A business unit of Epiq Class Action & Claims Solutions, Inc. 10300 SW Allen Blvd. Beaverton, OR 97005 Telephone: (503) 350-5822 E-mail: caza@legalnotice.com caza@epiqglobal.com On the Net: http://www.wellsfargocpisettlement.com/ Settlement Amount Class Action ----------------- ------------ $389,600,000 In Re: Cobalt International Energy, Inc., Securities Litigation Case No. 4:14-cv-3428 (NFA) (S.D. Tex.) Plaintiffs allege that Defendants mislead investors about Cobalt's operations in Angola, including concerning its business partners in Angola and the quality of its oil wells in that country. They also allege that the Sponsor Defendants violated insider trading law by selling Cobalt common stock while in possession of material non-public information about Cobalt's Angolan operations. The settling Defendants are: Settling Defendants Amount ------------------- -------------- Sponsors/Goldman Sachs et al. $146,850,000 Underwriters $22,750,000 Cobalt and D&Os $220,000,000 -------------- Total $389,600,000 Settlements granted final approval on February 13, 2019. Judge: Hon. Nancy F. Atlas Counsel for Lead Plaintiffs GAMCO Global Gold, Natural Resources & Income Trust, and GAMCO Natural Resources, Gold & Income Trust, and Co-Lead Counsel for the Class: Andrew J. Entwistle, Esq. Vincent R. Cappucci, Esq. Jonathan H. Beemer, Esq. ENTWISTLE & CAPPUCCI LLP 299 Park Avenue, 20th Floor New York, NY 10171 Telephone: (212) 894-7200 Facsimile: (212) 894-7272 E-mail: aentwistle@entwistle-law.com vcappucci@entwistle-law.com jbeemer@entwistle-law.com Counsel for Plaintiffs St. Lucie County Fire District Firefighters' Pension Trust Fund and Fire and Police Retiree Health Care Fund, San Antonio and Co-Lead Counsel for the Class: David R. Stickney, Esq. Jonathan D. Uslaner, Esq. Brandon Marsh, Esq. BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 12481 High Bluff Drive, Suite 300 San Diego, CA 92130-3582 Telephone: (858) 793-0070 Facsimile: (858) 793-0323 E-mail: davids@blbglaw.com jonathanu@blbglaw.com brandon.marsh@blbglaw.com Liaison Counsel for the Class: Thomas R. Ajamie, Esq. AJAMIE LLP Pennzoil Place - South Tower 711 Louisiana, Suite 2150 Houston, TX 77002 Telephone: (713) 860-1600 Facsimile: (713) 860-1699 E-mail: tajamie@ajamie.com Counsel for Plaintiff Sjunde AP-Fonden: Johnston de Forest Whitman, Jr., Esq. Naumon A. Amjed, Esq. KESSLER TOPAZ MELTZER & CHECK, LLP 280 King of Prussia Road Radnor, PA 19087 Telephone: (610) 667-7706 Facsimile: (610) 667-7056 E-Mail: jwhitman@ktmc.com namjed@ktmc.com Counsel for Plaintiff Universal Investment Gesellschaft m.b.H.: Christopher Moriarty, Esq. MOTLEY RICE LLC 28 Bridgeside Blvd. Mt. Pleasant, SC 29464 Telephone: (843) 216-9245 Facsimile: (843) 216-9450 E-Mail: cmoriarty@motleyrice.com Counsel for (i) The Goldman Sachs Group, Inc., Riverstone Holdings LLC, FRC Founders Corporation (f/k/a First Reserve Corporation), ACM Ltd. (f/k/a KERN Partners Ltd.), and The Carlyle Group, L.P. (collectively, the "Sponsor Defendants"), (ii) Peter R. Coneway, Henry Cornell, Michael G. France, N. John Lancaster, Scott L. Lebovitz, Kenneth W. Moore, J. Hardy Murchison, Kenneth A. Pontarelli, and D. Jeff van Steenbergen (collectively, the "Sponsor Designee Defendants"), and (iii) Goldman Sachs & Co. LLC (f/k/a Goldman, Sachs & Co.): George T. Conway III, Esq. WACHTELL, LIPTON, ROSEN & KATZ LLP 51 West 52nd Street New York, NY 10019 Telephone: (212) 403-1000 - and - Robert A. Van Kirk, Esq. WILLIAMS & CONNOLLY LLP 725 Twelfth Street, N.W. Washington, D.C. 20005 Telephone: (202) 434-5163 E-mail: rvankirk@wc.com Counsel for the Settling Underwriter Defendants Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Tudor, Pickering, Holt & Co. Securities, Inc., Deutsche Bank Securities Inc., RBC Capital Markets, LLC, UBS Securities LLC, Howard Weil Incorporated, Stifel, Nicolaus & Company, Incorporated, Capital One Southcoast, Inc., and Lazard Capital Markets LLC: Noelle M. Reed, Esq. SKADDEN, ARP, SLATE, MEAGHER & FLOM LLP 1000 Louisiana Street, Suite 6800 Houston, TX 77002 Telephone: (713) 655-5122 Facsimile: (713) 483-9122 E-mail: noelle.reed@skadden.com Counsel for Cobalt International Energy, Inc. and its debtor-affiliates, by and through Nader Tavakoli, solely in his capacity as Lead Member and Chairman of the Plan Administrator Committee of Cobalt International Energy; and Joseph Bryant, James W. Farnsworth, Jack E. Golden, Jon A. Marshall, Myles W. Scoggins, William P. Utt, John P. Wilkirson, and Martin H. Young, Jr.: Shari L. Heyen, Esq. GREENBERG TRAURIG, LLP 1000 Louisiana, Suite 1700 Houston, TX 77002 Telephone: (713) 374-3564 E-mail: heyens@gtlaw.com - and - David D. Sterling, Esq. BAKER BOTTS LLP One Shell Plaza 910 Louisiana Street Houston, TX 77002 Telephone: (713) 229-1946 Facsimile: (713) 229-7946 E-mail: david.sterling@bakerbotts.com - and - Karl Stern, Esq. QUINN EMANUEL URQUHART & SULLIVAN, LLP Pennzoil Place 711 Louisiana Street, Suite 500 Houston, TX 77002 Telephone: (713) 221-7171 E-mail: karlstern@quinnemanuel.com Mediator: Former U.S. District Judge Layn R. Phillips Claims Administrator: Alexander Villanova EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. 10300 SW Allen Blvd. Beaverton, OR 97005 Telephone: (503) 350-5800 On the Net: https://www.cobaltsecuritieslitigation.com/ Settlement Amount Class Action ----------------- ------------ $250,000,000 Christine Asia Co. Ltd., et al. v. Jack Yun Ma, et al., No. 1:15-md-02631-CM (SDA)(S.D.N.Y.) This multi-district litigation alleges that Defendants violated the federal securities laws by making false and misleading statements and omissions in the Registration Statement for Alibaba's September 19, 2014 Initial Public Offering. Final settlement approval granted on October 16, 2019. Judge: Hon. Colleen McMahon Counsel for Lead Plaintiffs William Tai and Christine Asia Co., Ltd. and Named Plaintiffs Abel Amoros, Arthur Gabriel, Raymond Lee, and Gang Liu: Laurence Rosen, Esq. Phillip Kim, Esq. THE ROSEN LAW FIRM P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Telephone: (212) 686-1060 Facsimile: (212) 202-3827 E-mail: lrosen@rosenlegal.com pkim@rosenlegal.com - and – Melissa Wright, Esq. Kara M. Wolke, Esq. Robert Vincent Prongay, Esq. Lionel Z. Glancy, Esq. GLANCY PRONGAY & MURRAY LLP 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Telephone: (310) 201-9150 E-mail: mwright@glancylaw.com kwolke@glancylaw.com rprongay@glancylaw.com lglancy@glancylaw.com - and – Steven Francis Molo, Esq. Caleb Hayes-Deats, Esq. Robert Kelsey Kry, Esq. MOLOLAMKEN, LLP 430 Park Avenue New York, NY 10022 Telephone: (212) 607-8160 E-mail: smolo@mololamken.com chayes-deats@mololamken.com rkry@mololamken.com - and – Adam M. Apton, Esq. LEVI & KORSINSKY LLP 1101 30th Street NW, Suite 115 Washington, D.C. 20007 Telephone: (202) 524-4290 E-mail: aapton@zlk.com Counsel for Movant BABA Investor Group: Jason Allen Zweig, Esq. HAGENS BERMAN SOBOL SHAPIRO LLP 455 North Cityfront Plaza Drive Suite 2410 Chicago, IL 60611 Telephone: (708) 628-4949 Facsimile: (708) 628-4950 E-mail: jasonz@hbsslaw.com Counsel for Movant Richard Houlihan: Joseph Peter Guglielmo, Esq. SCOTT+SCOTT ATTORNEYS AT LAW LLP The Helmsley Building 230 Park Ave, 17th Floor New York, NY 10169 Telephone: (212) 223-6444 E-mail: jguglielmo@scott-scott.com Counsel for Movant Elke Lai-Hing Lee: Samuel Howard Rudman, Esq. Danielle Suzanne Myers, Esq. ROBBINS GELLER RUDMAN & DOWD LLP 125 Park Ave. New York, NY 10017 Telephone: (631) 367-7100 E-mail: srudman@rgrdlaw.com dmyers@rgrdlaw.com Counsel for Movant Yangmin Zhang: Jennifer Pafiti, Esq. Jeremy Alan Lieberman, Esq. POMERANTZ LLP 600 Third Avenue New York, NY 10016 Telephone: (310) 405-7190 E-mail: jpafiti@pomlaw.com jalieberman@pomlaw.com Counsel for Defendants Alibaba, Jack Yun Ma, Joseph Tsai, Jonathan Zhaoxi Lu, and Maggie Wei Wu James G. Kreissman, Esq. Stephen P. Blake, Esq. SIMPSON THACHER & BARTLETT LLP 2475 Hanover Street Palo Alto, CA 94304 Telephone: (650) 251-5000 E-mail: jkreissman@stblaw.com sblake@stblaw.com Claims Administrator: STRATEGIC CLAIMS SERVICES 600 N Jackson St #205 Media, PA 19063 Telephone: (610) 565-9202 On the Net: https://alibabasettlement.com/ Settlement Amount Class Action ----------------- ------------ $234,600,000 Ciuffitelli et al. v. Deloitte & Touche LLP, et al., No. 3:16-cv-00580-AC (D. Ore.). Investors sue various third parties alleged to have participated in or materially aided the sales of securities by the now-defunct Aequitas companies of Lake Oswego, Oregon. The lawsuit asserts that the Aequitas companies operated a Ponzi scheme from 2010 until finally collapsing and being shut down by the SEC in March 2016. The settling Defendants are: Settling Defendants Amount ------------------- -------------- Deloitte, EisnerAmper Sidley Austin, TD Ameritrade, Duff & Phelps $220,000,000 Integrity Bank $1,700,000 Tonkon Torp $12,900,000 -------------- Total $234,600,000 Settlements granted final approval on December 16, 2019. Judge: Hon. Marco A. Hernandez Settlement Class Counsel: Keith A. Ketterling, Esq. Timothy S. DeJong, Esq. Jennifer S. Wagner, Esq. STOLL STOLL BERNE LOKTING & SHLACHTER P.C. 209 SW Oak Street, Suite 500 Portland, OR 97204 Telephone: (503) 227-1600 E-mail: kketterling@stollberne.com tdejong@stollberne.com jwagner@stollberne.com - and - Steve W. Berman, Esq. Karl P. Barth, Esq. HAGENS BERMAN SOBOL SHAPIRO LLP 1301 2nd Ave., Suite 2000 Seattle, WA 98101 Telephone: (206) 623-7292 E-mail: steve@hbsslaw.com karlb@hbsslaw.com - and - Robert S. Banks, Jr., Esq. BANKS LAW OFFICE, PC 1001 SW 5th Avenue, Suite 1100 Portland, OR 97204 Telephone: (503) 222-7475 E-mail: bob@bankslawoffice.com Counsel for Defendant EisnerAmper LLP: Linda T. Coberly, Esq. Joanna Rubin Travalini, Esq. WINSTON & STRAWN LLP 35 West Wacker Drive Chicago, IL 60601 Telephone: (312) 558-5600 E-mail: lcoberly@winston.com jtravalini@winston.com - and - William P. Ferranti, Esq. THE FERRANTI FIRM LLC 1819 SW 5th Avenue, Suite 403 Portland, OR 97201 Telephone: (503) 877-9220 E-mail: wpf@ferrantiappeals.com Counsel for Defendant Deloitte & Touche LLP: Peter A. Wald, Esq. Gavin M. Masuda, Esq. Nicole C. Valeo, Esq. LATHAM & WATKINS LLP 505 Montgomery Street, Suite 2000 San Francisco, CA 94111-6538 Telephone: (415) 391-0600 E-mail: peter.wald@lw.com gavin.masuda@lw.com nicole.valco@lw.com - and - Robert C. Weaver, Esq. Gary I. Grenley, Esq. Paul H. Trinchero, Esq. GARVEY SCHUBERT BARER, P.C. 121 SW Morrison Street, 11th Floor Portland, OR 97204 Telephone: (503) 228-3939 E-mail: rweaver@gsblaw.com ggrenley@gsblaw.com ptrinchero@gsblaw.com Counsel for Defendant Sidley Austin LLP: Brad D. Brian, Esq. Bruce A. Abbott, Esq. Zachary M. Briers, Esq. Trevor N. Templeton, Esq. MUNGER, TOLLES & OLSON LLP 355 South Grand Avenue, 35th Floor Los Angeles, CA 90071 Telephone: (213) 683-9100 E-mail: brad.brian@mto.com bruce.abbott@mto.com zachary. briers@mto.com trevor.templeton@mto.com - and - Jeffrey M. Edelson, Esq. David B. Markowitz, Esq. MARKOWITZ HERBOLD PC 1211 SW Fifth Avenue, Suite 3000 Portland, OR 97204 Telephone: (503)295-3085 E-mail: jeffedelson@markowitzherbold.com davidmarkowitz@markowitzderbold.com Counsel for Defendant Duff & Phelps, LLC: Stephen V. D'Amore, Esq. WINSTON & STRAWN LLP 35 West Wacker Drive Chicago, IL 60601 Telephone: (312) 558-6468 E-mail: sdamore@winston.com - and - William F. Gary, Esq. Sharon A. Rudnick, Esq. HARRANG LONG GARY RUDNICK P.C. 360 E. 10th Avenue, Suite 300 Eugene, OR 97401-3273 Telephone: (541) 485-0220 E-mail: william.f.gary@harrang.com sharon.rudnick@harrang.com Counsel for Defendant TD Ameritrade, Inc.: Bruce M. Bettigole, Esq. Nicholas T. Christakos, Esq. EVERSHEDSSUTHERLAND(US) LLP 700 Sixth Street NW, Suite 700 Washington, DC 20001-3980 Telephone: (202) 383-0100 E-mail: brucebettigole@eversheds-sutherland.com nicholaschristakos@eversheds- sutherland.com - and - Matthew J. Kalmanson, Esq. Lindsay Howk Duncan, Esq. HART WAGNER, LLP 1000 SW Broadway, Twentieth Floor Portland, OR 97205 Telephone: (503) 222-4499 E-mail: mjk@hartwagner.com lhd@hartwagner.com Counsel for Integrity Bank & Trust and Integrity Trust Company, LLC: Milo Petranovich, Esq. Peter D. Hawkes, Esq. SreeVamshi C. Reddy, Esq. LANE POWELL P.C. 601 SW Second Ave., Suite 2100 Portland, OR 97204 Telephone: (503) 778-2100 E-mail: petranovichm@lanepowell.com hawkesp@lanepowell.com reddyv@lanepowell.com Counsel for Tonkon Torp LLP: Philip S. Van Der Weele, Esq. K&L GATES LLP One SW Columbia Street, Suite 1900 Portland, OR 97258 E-mail: Phil.vanderweele@klgates.com Telephone: (206) 623-7292 Claims Administrator: EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. 10300 SW Allen Blvd. Beaverton, OR 97005 Telephone: (503) 350-5800 On the Net: http://www.aequitassettlements.com/ Settlement Amount Class Action ----------------- ------------ $225,000,000 In Re: Sorin 3T Heater-Cooler System Products Liability Litigation (No. II) MDL No. 2816 (M.D. Pa.) Plaintiffs allege that the Sorin 3T system contains defects that promote bacterial colonization, and that the water in the tanks of the Sorin 3T system is aerosolized through the exhaust system, which then may release bacteria into the ambient air of the operating room through the Sorin 3T system's exhaust fan. Defendants, they say, failed to adequately warn of the risks of the Sorin 3T system and/or provided misleading and erroneous instructions regarding how to disinfect or sterilize the Sorin 3T system. As a result, Plaintiffs allege they have been exposed to non- tuberculous mycobacterium (NTM), among other bacteria. The settlement provides for a total payment of up to $225 million, with up to $135 million to be paid no earlier than July 2019 and the remainder in January 2020. Judge: Hon. John E. Jones, III Lead Counsel for Plaintiffs: Sol H. Weiss, Esq. ANAPOL WEISS One Logan Square 130 N. 18th St., Suite 1600 Philadelphia, PA 19103 Telephone: (215) 735-2098 Facsimile: (215) 875-7701 E-mail: sweiss@anapolweiss.com Plaintiffs' Executive Committee: Michael K. Johnson, Esq. JOHNSON/BECKER, PLLC 444 Cedar St., Suite 1800 St. Paul, MN 55101 Telephone: (612) 436-1800 Facsimile: (612) 436-1801 - and - Karen A. Lorenzen, Esq. HAYES LORENZEN LAWYERS, PLC 125 S Dubuque St # 580 Iowa City, IA 52240 Telephone: (319) 432-7948 Facsimile: (319) 887-3687 E-mail: klorenzen@hlplc.com - and - Roopal P. Luhana, Esq. CHAFFIN LUHANA LLP 600 Third Ave., 12th Flr. New York, NY 10016 Telephone: (888) 480-1123 - and - Matt Schutz, Esq. LEVIN, PAPANTONIO, THOMAS, MITCHELL, RAFFERTY & PROCTOR, P.A. 316 S Baylen St #600 Pensacola, FL 32502 - and - Steven W. Sanford, Esq. CADWELL SANFORD DEIBERT & GARRY, LLP 200 E 10th Street, Suite 200 Sioux Falls, SD 57104 Telephone: (605) 336-0828 Facsimile: (605) 336-6036 E-mail: ssanford@cadlaw.com - and - James L. Ward, Jr., Esq. MCGOWAN, HOOD & FELDER, LLC 321 Wingo Way Suite 103 Mt Pleasant, SC 29464 Telephone: (843) 388-7202 Counsel for Defendant Sorin Group USA, Inc., (n/k/a LivaNova Holding USA., Inc.), Sorin Group Deutschland GmbH, and LivaNova PLC: Jared B. Briant, Esq. FAEGRE DRINKER BIDDLE & REATH LLP 1144 Fifteenth Street, Suite 3400 Denver, CO 80202-2569 Telephone: (303) 607-3500 Facsimile: (303) 607-3600 E-mail: jared.briant@faegredrinker.com - and - Linda S. Svitak, Esq. Delmar R. Ehrich, Esq. FAEGRE DRINKER BIDDLE & REATH LLP 2200 Wells Fargo Center 90 South Seventh Street Minneapolis, MN 55402 Telephone: 612-766-7000 Facsimile: 612-766-1600 E-mail: linda.svitak@faegredrinker.com delmar.ehrich@faegredrinker.com - and - Adam Shienvold, Esq. Magda Patitsas, Esq. ECKERT SEAMANS CHERIN & MELLOTT, LLC 213 Market Street, 8th Floor Harrisburg, PA 17101 Telephone: (717) 237-6000 Facsimile: (717) 237-6019 E-mail: ashienvold@eckertseamans.com mpatitsas@eckertseamans.com Trustee for Qualified Settlement Fund: John T. Bair SEVENTH AMENDMENT HOLDINGS, LLC 855 Boylston Street, Suite 1101 Boston, MA 02116 Telephone: (716) 883-1833 Settlement Amount Class Action ----------------- ------------ $182,500,000 Sullivan et al. v. Barclays plc et al. 13-cv-2811 (PKC) (S.D.N.Y.) Plaintiffs allege that several financial institutions agreed, combined, and conspired to rig the Euro Interbank Offered Rate and fix the prices of Euribor products by using several means of manipulation. For example, panel banks that made daily Euribor submissions to Thomson Reuters allegedly falsely reported their costs of borrowing to financially benefit their Euribor Products positions. Defendants also requested that other Defendants make false Euribor submissions on their behalf to benefit their Euribor Products positions. Plaintiffs previously reached separate deals with: Settling Defendants Amount ------------------- -------------- Barclays $94,000,000 HSBC $45,000,000 Deutsche Bank $170,000,000 -------------- Total $309,000,000 The $182.5 million deal is among Plaintiffs, Citigroup and JPMorgan. Meanwhile, Defendants Cooperatieve Centrale RaiffeisenBoerenleenbank B.A.; Credit Agricole S.A., Credit Agricole CIB; The Royal Bank of Scotland PLC; Societe Generale SA; UBS AG; and ICAP plc and ICAP Europe Ltd., have been dismissed by the Court. Settlement with Citigroup and JPMorgan granted final approval on May 17, 2019. Judge: Hon. P. Kevin Castel Class Counsel for Plaintiffs Stephen Sullivan, White Oak Fund LP, California State Teachers' Retirement System, Sonterra Capital Master Fund, Ltd., FrontPoint Partners Trading Fund, L.P., FrontPoint Australian Opportunities Trust, any subsequently named plaintiff(s), and any of their assignees that may exist now or in the future, including but not limited to Fund Liquidation Holdings, LLC: Vincent Briganti, Esq. Geoffrey M. Horn, Esq. Peter D. St. Phillip, Esq. LOWEY DANNENBERG, P.C. 44 South Broadway, Ste. 1100 White Plains, NY 10601 Telephone: (914) 997-0500 Facsimile: (914) 997-0035 E-mail: vbriganti@lowey.com ghorn@lowey.com pstphillip@lowey.com - and - Christopher Lovell, Esq. Gary S. Jacobson, Esq. Ian T. Stoll, Esq. LOVELL STEWART HALEBIAN JACOBSON LLP 61 Broadway, Suite 501 New York, NY 10006 Telephone: (212) 608-1900 Facsimile: (212) 719-4677 E-mail: clovell@lshllp.com gsjacobson@lshllp.com istoll@lshllp.com Additional Counsel for Plaintiffs: Joseph J. Tabacco, Jr., Esq. Todd A. Seaver, Esq. BERMAN TABACCO 44 Montgomery Street, Ste. 650 San Francisco, CA 94104 Telephone: (415) 433-3200 Facsimile: 415-433-6282 E-mail: jtabacco@bermantabacco.com tseaver@bermantabacco.com - and - Patrick T. Egan, Esq. BERMAN TABACCO One Liberty Square Boston, MA 02109 Telephone: (617) 542-8300 Facsimile: (617) 542-1194 E-mail: pegan@bermantabacco.com - and - Brian P. Murray, Esq. Lee Albert, Esq. GLANCY PRONGAY & MURRAY LLP 122 East 42nd Street, Suite 2920 New York, NY 10168 Telephone: (212) 682-5340 Facsimile: (212) 884-0988 E-mail: bmurray@glancylaw.com lalbert@glancylaw.com - and - David E. Kovel, Esq. KIRBY McINERNEY LLP 825 Third Avenue New York, NY 10022 Telephone: (212) 371-6600 Facsimile: (212) 751-2540 E-mail: dkovel@kmllp.com Counsel for Citigroup Inc., and Citibank, N.A.: Ashley E. Bass, Esq. COVINGTON & BURLING LLP One CityCenter 850 Tenth Street NW Washington, DC 20001 Telephone: (202) 662-5109 E-mail: abass@cov.com - and - Andrew A. Ruffino, Esq. COVINGTON & BURLING LLP 620 8th Avenue New York, NY 10018 Telephone: (212) 841-1000 E-mail: aruffino@cov.com Counsel for JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A.: Paul C. Gluckow, Esq. SIMPSON THACHER & BARTLETT LLP 425 Lexington Avenue New York, NY 10017 Telephone: (212) 455-2502 E-mail: pgluckow@stblaw.com Claims Administrator: A.B. DATA, LTD. PO Box 173038 Milwaukee, WI 53217 Telephone: (800) 492-9154 On the Net: http://www.euriborsettlement.com/ Settlement Amount Class Action ----------------- ------------ $160,000,000 City of Pontiac General Employees' Retirement System v. Wal-Mart Stores, Inc., et al., No. 5:12-cv-05162-SOH (W.D. Ark.) Plaintiff alleges that Defendants violated securities laws by failing to disclose that its executives had allegedly been involved in a multi-million-dollar bribery scheme at Walmart's Mexican subsidiary, Wal-Mart de Mexico, used to obtain building permits that fueled Walmart's growth in Mexico. As a result of Defendants' false statements, Walmart's stock traded at artificially inflated prices during the Class Period, until the alleged misstatements were disclosed in an article published in The New York Times on April 21, 2012. Final settlement approval granted on April 8, 2019. Judge: Hon. Susan O. Hickey Lead Counsel for Plaintiff: Jason A. Forge, Esq. Ellen Gusikoff Stewart, Esq. Scott H. Saham, Esq. Debra J. Wyman, Esq. Laura M. Andracchio, Esq. Austin P. Brane, Esq. Michael Albert, Esq. ROBBINS GELLER RUDMAN & DOWD LLP 655 West Broadway, Suite 1900 San Diego, CA 92101 Telephone: (619) 231-1058 Facsimile: (619) 231-7423 E-mail: jforge@rgrdlaw.com elleng@rgrdlaw.com scotts@rgrdlaw.com debraw@rgrdlaw.com landracchio@rgrdlaw.com abrane@rgrdlaw.com malbert@rgrdlaw.com Liaison Counsel: Geoffrey P. Culbertson, Esq. PATTON TIDWELL & CULBERTSON, LLP 2800 Texas Blvd. Texarkana, TX 75503 Telephone: (903) 792-7080 Facsimile: (903) 792-8233 E-mail: gpc@texarkanalaw.com Additional Counsel for Plaintiff: Douglas S. Johnston, Jr., Esq. BARRETT JOHNSTON MARTIN & GARRISON, LLC Bank of America Plaza 414 Union Street, Suite 900 Nashville, TN 37219 Telephone: (615) 244-2202 Facsimile: (615) 252-3798 E-mail: djohnston@barrettjohnston.com Counsel for Defendants Walmart Inc. and Michael T. Duke: Peter A. Wald, Esq. Sean M. Berkowitz, Esq. LATHAM & WATKINS LLP 505 Montgomery Street, Suite 2000 San Francisco, CA 94111 Telephone: (415) 391-0600 Facsimile: (415) 395-8095 E-mail: peter.wald@lw.com sean.berkowitz@lw.com - and - Jess Askew III, Esq. Teresa Wineland, Esq. KUTAK ROCK LLP 124 West Capitol Avenue, Suite 2000 Little Rock, AR 72201 Telephone: (501) 975-3000 Facsimile: (501) 975-3001 E-mail: jess.askew@kutakrock.com teresa.wineland@kutakrock.com - and - Brian H. Ratcliff, Esq. PPGMR LAW, PLLC 100 E. Church St. El Dorado, AR 71730 Telephone: (870) 862-5523 Facsimile: (870) 862-9443 E-mail: brian@ppgmrlaw.com Mediator: The Hon. Layn R. Phillips (Ret.) Claims Administrator: Carole K. Sylvester GILARDI & CO. LLC 3301 Kerner Blvd. San Rafael, CA 94901 On the Net: http://www.walmartsecuritiessettlement.com/ Asbestos Litigation ASBESTOS UPDATE: Arconic, Units Still Defend PI Suits at Dec. 31 ---------------------------------------------------------------- Arconic Inc. and its subsidiaries remain defendants in asbestos-related lawsuits, according to the Company's Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019. The Company states, "Arconic Inc. and its subsidiaries and former subsidiaries are defendants in lawsuits filed on behalf of persons alleging injury as a result of occupational or other exposure to asbestos. Arconic, its subsidiaries and former subsidiaries have numerous insurance policies over many years that provide coverage for asbestos related claims. Arconic has significant insurance coverage and believes that Arconic's reserves are adequate for its known asbestos exposure related liabilities. The costs of defense and settlement have not been and are not expected to be material to the results of operations, cash flows, and financial position of the Company. A full-text copy of the Form 10-K is available at https://is.gd/3UtGME ASBESTOS UPDATE: CenterPoint Energy Still Faces Suits at Dec. 31 ---------------------------------------------------------------- CenterPoint Energy, Inc. disclosed in its Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019, that the Company, CenterPoint Energy Houston Electric, LLC, and CenterPoint Energy Resources Corp. are from time to time named, along with numerous others, as defendants in lawsuits filed by a number of individuals who claim injury due to exposure to asbestos. The Company states, "Some facilities owned by the Registrants or their predecessors contain or have contained asbestos insulation and other asbestos-containing materials. The Registrants are from time to time named, along with numerous others, as defendants in lawsuits filed by a number of individuals who claim injury due to exposure to asbestos, and the Registrants anticipate that additional claims may be asserted in the future. Although their ultimate outcome cannot be predicted at this time, the Registrants do not expect these matters, either individually or in the aggregate, to have a material adverse effect on their financial condition, results of operations or cash flows." A full-text copy of the Form 10-K is available at https://is.gd/FTHpCt ASBESTOS UPDATE: Chubb Ltd. Faces 1,724 Claims at December 31 ------------------------------------------------------------- Chubb Limited is facing 1,724 asbestos claims at the end of 2019 compared to 1,838 asbestos claims for the same period in 2018, according to the Company's Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019. The Company also disclosed that during the year ended December 31, 2019, there were 173 new reported or reopened asbestos claims while there are 287 closed or otherwise disposed asbestos claims. The Company states, "For asbestos, Chubb faces claims relating to policies issued to manufacturers, distributors, installers, and other parties in the chain of commerce for asbestos and products containing asbestos. Claimants will generally allege damages across an extended time period which may coincide with multiple policies covering a wide range of time periods for a single insured. "Survival ratios are calculated by dividing the asbestos or environmental loss and allocated loss adjustment expense (ALAE) reserves by the average asbestos or environmental loss and ALAE payments for the three most recent calendar years (3-year survival ratio). The 3-year survival ratios for gross and net Asbestos loss and ALAE reserves were 5.8 years and 6.0 years, respectively. The 3-year survival ratios for gross and net Environmental loss and ALAE reserves were 4.0 years and 12.1 years, respectively. The net 3-year survival ratios were impacted by favorable reinsurance settlements in 2018. Excluding the settlements, the 3-year survival ratio for net Asbestos loss and ALAE reserves and net Environmental loss and ALAE reserves were 5.7 years and 4.5 years, respectively. The survival ratios provide only a very rough depiction of reserves and are significantly impacted by a number of factors such as aggressive settlement practices, variations in gross to ceded relationships within the asbestos or environmental claims, and levels of coverage provided. Therefore, we urge caution in using these very simplistic ratios to gauge reserve adequacy." A full-text copy of the Form 10-K is available at https://is.gd/JKKagb ASBESTOS UPDATE: Crown Holdings Had 56,000 Claims at Dec. 31 ------------------------------------------------------------ Crown Holdings, Inc. (fka Crown Cork & Seal Co Inc.) had 56,000 outstanding claims related to asbestos matters as of December 31, 2019, according to the Company's Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019. The Company states, "Crown Cork & Seal Company, Inc. ("Crown Cork") is one of many defendants in a substantial number of lawsuits filed throughout the United States by persons alleging bodily injury as a result of exposure to asbestos. These claims arose from the insulation operations of a U.S. company, the majority of whose stock Crown Cork purchased in 1963. Approximately ninety days after the stock purchase, this U.S. company sold its insulation assets and was later merged into Crown Cork. "Prior to 1998, amounts paid to asbestos claimants were covered by a fund made available to Crown Cork under a 1985 settlement with carriers insuring Crown Cork through 1976, when Crown Cork became self-insured. The fund was depleted in 1998 and the Company has no remaining coverage for asbestos-related costs. "The states of Alabama, Arizona, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Michigan, Mississippi, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, West Virginia, Wisconsin and Wyoming enacted legislation that limits asbestos-related liabilities under state law of companies such as Crown Cork that allegedly incurred these liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The legislation, which applies to future and, with the exception of Arkansas, Georgia, South Carolina, South Dakota, West Virginia and Wyoming, pending claims at the time of enactment, caps asbestos-related liabilities at the fair market value of the predecessor's total gross assets adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the total value of its predecessor's assets adjusted for inflation. Crown Cork has integrated the legislation into its claims defense strategy. The Company cautions, however, that the legislation may be challenged and there can be no assurance regarding the ultimate effect of the legislation on Crown Cork. "In December 2001, the Commonwealth of Pennsylvania enacted legislation that limits the asbestos-related liabilities of Pennsylvania corporations that are successors by corporate merger to companies involved with asbestos. The legislation limits the successor's liability for asbestos to the acquired company's asset value adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the acquired company's adjusted asset value. "In November 2004, the legislation was amended to address a Pennsylvania Supreme Court decision (Ieropoli v. AC&S Corporation, et al., No. 117 EM 2002) which held that the statute violated the Pennsylvania Constitution due to retroactive application. The Company cautions that the limitations of the statute, as amended, are subject to litigation and may not be upheld. "In June 2003, the State of Texas enacted legislation that limits the asbestos-related liabilities in Texas courts of companies such as Crown Cork that allegedly incurred these liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The Texas legislation, which applies to future and pending claims, caps asbestos-related liabilities at the total gross value of the predecessor's assets adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the total adjusted value of its predecessor's assets. "In October 2010, the Texas Supreme Court reversed a lower court decision, Barbara Robinson v. Crown Cork & Seal Company, Inc., No. 14-04-00658-CV, Fourteenth Court of Appeals, Texas, which had upheld the dismissal of an asbestos-related case against Crown Cork. The Texas Supreme Court held that the Texas legislation was unconstitutional under the Texas Constitution when applied to asbestos-related claims pending against Crown Cork when the legislation was enacted in June of 2003. The Company believes that the decision of the Texas Supreme Court is limited to retroactive application of the Texas legislation to asbestos-related cases that were pending against Crown Cork in Texas on June 11, 2003 and therefore, in its accrual, continues to assign no value to claims filed after June 11, 2003. "The Company further cautions that an adverse ruling in any litigation relating to the constitutionality or applicability to Crown Cork of one or more statutes that limits the asbestos-related liability of alleged defendants like Crown Cork could have a material impact on the Company." A full-text copy of the Form 10-K is available at https://is.gd/RMoi73 ASBESTOS UPDATE: Curtiss-Wright Still Faces Suits at December 31 ---------------------------------------------------------------- Curtiss-Wright Corporation disclosed in its Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019, that to date, it has not been found liable or paid any material sum of money in settlement in any asbestos-related case. The Company states, "We have been named in pending lawsuits that allege injury from exposure to asbestos. To date, we have not been found liable or paid any material sum of money in settlement in any asbestos-related case. We believe that the minimal use of asbestos in our past operations and the relatively non-friable condition of asbestos in our products make it unlikely that we will face material liability in any asbestos litigation, whether individually or in the aggregate. We maintain insurance coverage for these potential liabilities and we believe adequate coverage exists to cover any unanticipated asbestos liability." A full-text copy of the Form 10-K is available at https://is.gd/Kmsq7T ASBESTOS UPDATE: Enstar Group Assumes $622.9MM Reserves for Zurich ------------------------------------------------------------------ Enstar Group Limited said in its Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019, that it assumed US$622.9 million of gross reserves related to reinsurance of certain of Zurich's U.S. asbestos and environmental liability insurance portfolios. The Company states, "On October 1, 2019, we completed a reinsurance transaction with Zurich Insurance Group ("Zurich"), pursuant to which we reinsured certain of Zurich's U.S. asbestos and environmental liability insurance portfolios. In the transaction, we assumed US$622.9 million of gross reserves, relating to 1986 and prior year business, for reinsurance premium of US$465.5 million and recorded a deferred charge of US$115.8 million. We have ceded 10% of this transaction to Enhanzed Reinsurance Ltd. ("Enhanzed Re"), in which we have an investment, on the same terms and conditions as those received by Enstar." The Company previously stated in its Form 10-Q filing for the quarterly period ended September 30, 2019, that it assumed approximately US$0.5 billion of gross reserves, relating to 1986 and prior year business. A full-text copy of the Form 10-K for the fiscal year ended December 31, 2019, is available at https://is.gd/eNYn9P ASBESTOS UPDATE: ITT Remains Obliged to Indemnify Xylem at Dec. 31 ------------------------------------------------------------------ Xylem Inc. said in its Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019, that ITT Corporation (now ITT LLC) is still obligated to indemnify the Company from liabilities associated with asbestos matters. The Company states, "From time to time, claims may be asserted against Xylem alleging injury caused by any of our products resulting from asbestos exposure. We believe there are numerous legal defenses available for such claims and would defend ourselves vigorously. Pursuant to the Distribution Agreement among ITT Corporation (now ITT LLC), Exelis and Xylem, ITT Corporation (now ITT LLC) has an obligation to indemnify, defend and hold Xylem harmless for asbestos product liability matters, including settlements, judgments, and legal defense costs associated with all pending and future claims that may arise from past sales of ITT's legacy products. We believe ITT Corporation (now ITT LLC) remains a substantial entity with sufficient financial resources to honor its obligations to us. "As part of our 2011 spin-off from our former parent, ITT Corporation (now ITT LLC), Exelis Inc. and Xylem will indemnify, defend and hold harmless each of the other parties with respect to such parties' assumed or retained liabilities under the Distribution Agreement and breaches of the Distribution Agreement or related spin agreements. The former parent's indemnification obligations include asserted and unasserted asbestos and silica liability claims that relate to the presence or alleged presence of asbestos or silica in products manufactured, repaired or sold prior to October 31, 2011, the Distribution Date, subject to limited exceptions with respect to certain employee claims, or in the structure or material of any building or facility, subject to exceptions with respect to employee claims relating to Xylem buildings or facilities. The indemnification associated with pending and future asbestos claims does not expire. Xylem has not recorded a liability for material matters for which we expect to be indemnified by the former parent or Exelis Inc. through the Distribution Agreement and we are not aware of any claims or other circumstances that would give rise to material payments from us under such indemnifications. "On May 29, 2015, Harris Inc. acquired Exelis. As the parent of Exelis, Harris Inc. is responsible for Exelis' indemnification obligations under the Distribution Agreement." A full-text copy of the Form 10-K is available at https://is.gd/7Ukbn2 ASBESTOS UPDATE: McDermott Int'l Still Faces Lawsuits at Dec. 31 ---------------------------------------------------------------- McDermott International, Inc. said in its Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019, that it is a defendant in numerous lawsuits wherein plaintiffs allege exposure to asbestos at various locations. The Company states, "We review and defend each case on its own merits and make accruals based on the probability of loss and best estimates of potential loss. We do not believe any unresolved asserted claim will have a material adverse effect on our future results of operations, financial position or cash flow. With respect to unasserted asbestos claims, we cannot identify a population of potential claimants with sufficient certainty to determine the probability of loss or estimate future losses. We do not believe a risk of material loss is probable related to these matters, and, accordingly, our reserves were not significant as of December 31, 2019. While we continue to pursue recovery for recognized and unrecognized contingent losses through insurance, indemnification arrangements and other sources, we are unable to quantify the amount that we may recover because of the variability in coverage amounts, limitations and deductibles or the viability of carriers, with respect to our insurance policies for the years in question." A full-text copy of the Form 10-K is available at https://is.gd/koLyjQ ASBESTOS UPDATE: Roper Tech, Units Still Defend Suits at Dec. 31 ---------------------------------------------------------------- Roper Technologies, Inc. and its subsidiaries continue to face, along with numerous industrial companies, asbestos-related litigation claims in certain U.S. states, according to the Company's Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019. The Company states, "No significant resources have been required by Roper to respond to these cases and Roper believes it has valid defenses to such claims and, if required, intends to defend them vigorously. Given the state of these claims, it is not possible to determine the potential liability, if any." A full-text copy of the Form 10-K is available at https://is.gd/5FsI0W ASBESTOS UPDATE: Stay Still in Effect in Parsons Suit vs. Liggett ----------------------------------------------------------------- Vector Group Ltd. disclosed in its Form 10-K filing with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2019, that the asbestos-related class action case Parsons v. AC & S Inc., which subsidiary Liggett Group LLC is still a defendant, remains stayed. The Company states, "In February 1998, in Parsons v. AC & S Inc., a purported class action was commenced on behalf of all West Virginia residents who allegedly have claims arising from their exposure to cigarette smoke and asbestos fibers. The operative complaint seeks to recover unspecified compensatory and punitive damages on behalf of the putative class. The case is stayed as a result of the December 2000 bankruptcy of three of the defendants." 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