Entwistle & Cappucci LLP and The Garden City Group
Important Information Concerning the Ahold Securities Class Action Settlement
New York (ots/PRNewswire)
Entwistle & Cappucci LLP, Lead
Plaintiffs' counsel appointed by the United States District Court for
the District of Maryland, issues this informational release
concerning the current projected timing of payment of claims in the
Settlement of the class action against Royal Ahold N.V. ("Ahold") in
the United States.The Garden City Group - the Court-appointed Claims Administrator - is in the final stages of reviewing all of the claims submitted in the Settlement, including a large volume of originally deficient claims that required the claimant to provide additional information. The Claims Administrator currently anticipates concluding this process and submitting required information to the Court in the United States by August 2007. Based upon the current schedule, it appears that the Claims Administrator will be able to start making Settlement payments to Class Members in September 2007. If this schedule changes, Lead Plaintiffs' Counsel will issue another informational release.
Claimants who have questions about their claims are reminded and encouraged to direct all questions regarding the process or individual claims to the Claims Administrator in the United States by email at Questions@AholdSettlement.com or by telephone to the international call center toll-free at 00-800-1020-4060. The best time for Dutch claimants to call is between 8:00 a.m. and 6:00 p.m. CET. The Claims Administrator is prepared to answer your questions in Dutch or in English.
Contact:
Contact: Mr. Andrew Entwistle, Tel.: +1-212-894-7200