Featured Cases

KLA-Tencor Corporation

Master Case No. 06-CV-04065 CRB
United States District Court for the Northern District of California – San Francisco Division
The Honorable Charles R. Breyer

Heffler Claims Group was engaged as the claims administrator in the KLA-Tencor Securities Litigation for both the notification and claims administration process. The settlement provided a cash settlement fund of $65,000,000 for the benefit of investors of common stock and call options, who suffered a Recognized Loss during the Class Period. Heffler Claims Administration arranged to have over 381,000 Notices mailed to potential class members and received in excess of 60,000 Proofs of Claim (over 48,000 of which were filed electronically by large institutions or nominees). The settlement involved a complex Plan of Allocation, where Recognized Loss amounts were based on the sub-periods in which the securities were purchased and whether the securities were sold during one of the sub-periods or held until the end of the class period. The Heffler Claims Administration worked with claimants to ensure claims were filed properly and supporting documentation was supplied. Valid claims represented total Recognized Losses of over $344 million and pro rata payments were made to over 11,600 claimants.

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