Important Information for Claimants in 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 claims submitted to participate in the Settlement of the
class action against Royal Ahold N.V. ("Ahold") in the United States.On October 3, 2007, the United States District Court for the District of Maryland issued an Order authorizing Lead Counsel and the Claims Administrator to begin making Settlement payments to Class Members. The Claims Administrator is working with a large financial institution in the Netherlands to make payments to Dutch Class Members by electronic funds transfer (EFT). Once these processes are completed, the Settlement payments will commence. The financial institution in the Netherlands estimates that these processes will be completed approximately four weeks from today. Contrary to a recent report in the Dutch media, no delay is anticipated.
As Lead Counsel and the Claims Administrator prepare to make payments to Class Members, we remind claimants, particularly those in the Netherlands, that questions concerning the Settlement may be directed 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 001 800 1020 4060 or at 001-941-906-4864. The best time for Dutch claimants to call is between 8:00 a.m. and 6:00 p.m. CET. The Claims Adminstrator is prepared to answer your questions in Dutch or in English.
Contact:
Press Contact: Mr. Andrew Entwistle, +1-212-894-7200