Electronic Filing Guidelines

Introduction

In most cases, potential claimants wishing to take part in a securities class action must prepare and file their claim or claims. Our firm – Berdon Claims Administration LLC (“BCA”) – offers to claimants two options: (1) paper submission; and (2) electronic submission. The second option – electronic submission – is described in detail below.

Which Option is best for me

In trying to determine which option best fits your particular situation, please refer to the following general guideline:

Claimant Type of Submission
Individual investor with a small number of transactions (50 or less) to claim Paper Submission
Individual investor with a large number of transactions (more than 50) to claim E-File for Individual Claims
Corporate investor with a small number of transactions (50 or less) to claim Paper Submission
Corporate investor with a large number of transactions (more than 50) to claim E-File for Individual Claims
Banks, portfolio managers and other nominees filing on behalf of their clients E-File for Multiple Claims

Not all cases require claimants to provide their trading activity during the time period in question. Instead, the claim may be based on the number of shares of common stock held prior to a certain event. In such cases, it may be substantially easier to prepare a paper claim. All of such variables have to be considered, and you should prepare your submission in the most efficient way, both in terms of claim preparation and claim verification.

What is E-File for Individual Claims

The term “electronic filing” or “e-file” often implies submission of information over the Internet. This is not the case here.

Those individuals or companies who have an extensive trading activity to report in connection with their claim need to provide BCA with a data file. The data file is an Excel file spreadsheet prepared in accordance with certain technical specifications. The file can be prepared manually by entering information from your brokerage statements into the spreadsheet. Alternatively, your data files can be obtained from your broker, portfolio manager or bank.

Once prepared or obtained, your data file should copied onto a diskette or CD and mailed to the address indicated on the claim form together with the completed claim form and supporting documentation.

Detailed instructions on how to properly prepare your data file are outlined in this PDF document: E-File for Large Individual Claims.

What is E-File for Multiple Claims

The term “electronic filing” or “e-file” often implies submission of information over the Internet. This is not the case here.

Those individuals or companies who have an extensive trading activity to report in connection with their claim need to provide BCA with a data file. The data file is an Excel file spreadsheet prepared in accordance with certain technical specifications. The file can be prepared manually by entering information from your brokerage statements into the spreadsheet. Alternatively, your data files can be obtained from your broker, portfolio manager or bank.

Once prepared or obtained, your data file should copied onto a diskette or CD and mailed to the address indicated on the claim form together with the completed claim form and supporting documentation.

Detailed instructions on how to properly prepare your data file are outlined in this PDF document: E-File for Large Individual Claims.

Special Situations

Data file instructions provided above were designed with a typical case in mind. A typical case requires the following information: (1) beginning or opening position in the securities in question; (2) purchases during the class period; (3) sales during the class period; and (4) ending or holding position in the securities in question. For the cases that do not fit this scenario, BCA will typically provide a sample case-specific Excel file on this web site (please see CASES > Name of Case > Documents).

How can we help?

Should you have any further questions, please contact Mr. Vlady Gleizer at 212-699-8836, or via email at vgleizer@BERDONCLAIMS.com.


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