Heffler.com - Heffler Claims Administration

Case Studies

Boesky Disgorgement Fund

IN RE: IVAN F. BOESKY SECURITIES LITIGATION

MDL NO. 732
In the United States District Court for the Southern District of New York
Honorable Senior Judge Milton Pollack

Heffler, Radetich & Saitta LLP was appointed Administrator in the In re Ivan F. Boesky Securities Litigation, In the United States District Court for the Southern District of New York, MDL Dkt. No. 732 M 21-45 MP, overseen by the Honorable U.S.D.C. Senior Judge Milton Pollack. The firm was hired in this case to handle both the notification and claims administration processes. As part of the notification process, Heffler, Radetich & Saitta LLP reviewed the Daily Transaction Reconciliation Clearing Sheets for 15 class securities to identify the brokerage firms that cleared transactions in these 15 securities during the class period. Heffler, Radetich & Saitta LLP contacted the firms identified and re¬quested they provide us with the names and addresses of their beneficial and record traders. Approximately 11,500 Proof of Claims were filed in this matter that covers six different securities and six different time periods.

Subsequently, Heffler, Radetich & Saitta LLP administered the Tier II Boesky Securities Litigation, which included various SEC civil disgorgement funds. This case was captioned as follows:

In re: Ivan F. Boesky Securities Litigation	MDL Dkt. No. 732, M 21-45-MP
SEC v. Ivan F. Boesky	86 Civ. 8767 (RO)
SEC v. Martin A. Siegel	87 Civ. 0963 (RO)
SEC v. Kidder, Peabody & Co. Inc.	87 Civ. 3869 (RO)
SEC v. Robert M. Freeman	93 Civ. 3806 (MP)
In re: The Drexel Burnham Lambert Group, Inc., et al	90 Civ. 6954 (MP) Chapter 11 Case No. 90 B 10421 (FGC) Jointly Administered
In re: Michael Milken & Associates Securities	MDL Dkt. No. 924, Litigation Master File No. M21-62 (MP)
SEC v. Drexel Burnham Lambert Inc., The Drexel Burnham Lambert Group, Inc., et al.	88 Civ. 6209 (MP)

The Tier II Boesky Securities Litigation covered approximately 40 company's securities and approximately 70 securities including common stock, call options, put options, when-issued notes, Convertible Exchangeable Preferred Stock, debentures, etc. The securities were broken down into six different classes along with multiple sub-classes. The class periods and calculated losses were based on contemporaneous or Market Manipulation Periods. The distributions were very complex in nature as they were based on allocations by securities, by each settlement fund, by SEC Plans and by class and subclasses. Some of these settlement funds Heffler, Radetich & Saitta LLP worked with the Court Registry Investment System ("CRIS"). The settlement funds were analyzed and the applicable estimated tax deposits and returns were filed pursuant to the IRS code section 468(B).

Cendant Corporation
IN RE: CENDANT CORPORATION LITIGATION

MASTER FILE NO. 98-1664
In The United States District Court for the District of New Jersey
Honorable Judge William H. Walls

The Cendant Corporation Securities Litigation was one of the largest dollar settlements in securities class actions to date and has one of the most complicated Plans of Allocation and Proof of Claim form processes. Heffler, Radetich & Saitta LLP received in excess of 122,000 Proof of Claim forms. Loss Amounts were calculated for common stock, merger shares, subordinated debentures and options using a formula that requires a separate calculation for every transaction based on whether a claimant held or sold their securities and the date they originally purchased their securities.

The firm performed extensive audits of institutional and other high-end claims to verify that each transaction was treated properly. In addition to Heffler, Radetich & Saitta LLP's procedures, an audit was conducted on all of the firm's procedures and calculations by an independent accounting firm, which resulted in no significant exceptions, reported findings or adjustments to the claims calculation algorithm.
First Jersey Securities, Inc. (SEC)
SEC v FIRST JERSEY SECURITIES, INC. AND ROBERT E. BRENNAN

CASE NO. 85 CIV 8585 (RO)
United States District Court for the Southern District of New York

Heffler, Radetich & Saitta LLP is currently engaged as the Claims Agent to distribute the disgorged funds resulting from the SEC vs. First Jersey Securities, Inc. and Robert E. Brennan litigation. The firm has maintained a database with the claimants' investment information from the Spatola, et al. vs. First Jersey Securities, Inc., et al., civil action No. 85-6059. On December 3, 2004, Heffler, Radetich & Saitta LLP assisted in and oversaw the mailing of the Notice of Distribution Plan for Disgorged Funds (the "Notice") approved by the Court on November 15, 2004, to over 82,871 names and addresses from the Spatola action. This claimant database along with additional records from claims filed from the Notice is also being used in distributing the Disgorged Funds collected by the SEC. Heffler, Radetich & Saitta LLP has assisted the SEC in developing a Plan of Distribution of Disgorged Funds (the "Plan of Distribution" or the "Plan"). On October 16, 2006, the firm issued Initial Pro Rata Distribution checks to 53,880 Recognized Claimants, totaling over $28 million, who had Class A and/or Class C securities only as defined in the Spatola action and as approved in the Plan of Distribution. The approved Plan allows for Subsequent Pro Rata Distributions from unclaimed and/or additional funds. On December 28, 2007, in the First Subsequent Pro Rata Distribution, Heffler, Radetich & Saitta LLP issued 33,874 checks totaling over $5.6 million to claimants who had Class A, Class B and Class C securities. The firm is currently following up with the distributees requesting that they cash their checks.
Hemispherix Biopharma
IN RE HEMISPHERX BIOPHARMA, INC. SECURITIES LITIGATION

CIVIL ACTION NO: 09-CV-5262-PSD
In The United States District Court for the Eastern District of Pennsylvania
The Honorable Paul S. Diamond

Heffler Radetich & Saitta LLP is the Claims Administrator in the Hemispherx Biopharma, Inc. Securities Litigation, which provides a $3,600,000 cash settlement fund for the benefit of investors who purchased or acquired shares of Hemispherx Biopharma, Inc. common stock from February 18, 2009, through December 1, 2009. The firm has received over 2,700 Proofs of Claim. The matter involves a complex Plan of Allocation and Proof of Claim form process, in which Recognized Claim amounts are being calculated for common stock purchased during the Class Period. It includes using a formula and algorithm that requires a separate calculation and comparison for each transaction matched on a first-in, first-out basis, whether a claimant held or sold their shares, and the date they purchased (and, if applicable, sold) their shares. Extensive audits of institutional and other high-end claims are being conducted to verify that each claim is calculated properly.
Knight Securities (SEC)
KNIGHT SECURITIES L.P ADMINISTRATIVE PROCEEDING

NO. 3-11771

Heffler, Radetich & Saitta LLP is currently engaged as the Independent Distribution Consultant and has been appointed as the Tax Administrator in a case initiated by the US Securities and Exchange Commission against Knight Securities, L.P. The total disgorgement funds, prejudgment interest and civil penalties placed in escrow exceed $66,800,000. We have reviewed various documents and records supplied by Knight Securities to determine the identity of the appropriate institutional customers damaged by the firm's alleged violations. We have submitted a plan of distribution to the SEC and to the firm that explains the procedures applied and the steps required to distribute the funds and complete post-distribution services.
Michael Baker Corporation
IN RE: MICHAEL BAKER COPR. SECURITIES LITIGATION

FILE NO. 2:08-cv-00370-JFC
In The United States District Court for the Western District of Pennsylvania
The Honorable Joy Flowers Conti

The Michael Baker Corp. Securities Litigation settlement provides $4,500,000 cash settlement fund for the benefit of investors who purchased or acquired shares of Michael Baker Corp. common stock from March 19, 2007, through February 22, 2008. Heffler, Radetich & Saitta LLP received over 1,600 Proofs of Claim. Claims were calculated in accordance with a Plan of Allocation, which involved the number of eligible shares a claimant owned. Eligible Shares were shares that were purchased or acquired during the class period and still held at the end of the class period. Extensive audits of institutional and other high-end claims were conducted to verify that each claim was calculated properly. Authorized claimants in this settlement received over 87 percent of their recognized claim amount.
Schering-Plough Corporation
IN RE: SCHERING-PLOUGH CORPORATION SECURITIES LITIGATION

MASTER FILE NO. 01-CV-0829(KSH/MF)
In The United States District Court for the District of New Jersey
The Honorable Katherine S. Hayden

The Schering Plough Securities Litigation settlement provides a $165,000,000 cash settlement fund for the benefit of investors who purchased shares of Schering-Plough Corporation common stock from May 9, 2000, through February 15, 2001. Heffler, Radetich & Saitta LLP received in excess of 71,000 Proofs of Claim (over 57,500 of which were filed electronically by large institutions or nominees). The matter involves a complex Plan of Allocation and Proof of Claim form processes, where Recognized Claim amounts were calculated for common stock purchased during the class period. It includes using a formula and algorithm that requires a separate calculation and comparison for each transaction matched on a first-in, first-out basis, whether a claimant held or sold their shares, and the date they purchased (and, if applicable, sold) their shares. Extensive audits of institutional and other high-end claims were conducted to verify that each claim was calculated properly.
SEC Specialists
IN THE MATTER OF BEAR WAGNER SPECIALISTS LLC

ADMINISTRATIVE PROCEEDING #3-11445
IN THE MATTER OF FLEET SPECIALIST, INC.
ADMINISTRATIVE PROCEEDING #3-11446
IN THE MATTER OF LABRANCHE & CO. LLC
ADMINISTRATIVE PROCEEDING #3-11447
IN THE MATTER OF PERFORMANCE SPECIALIST GROUP LLC
ADMINISTRATIVE PROCEEDING #3-11558
IN THE MATTER OF SIG SPECIALISTS, INC.
ADMINISTRATIVE PROCEEDING 3-11559
IN THE MATTER OF SPEAR, LEEDS & KELLOGG SPECIALISTS LLC
ADMINISTRATIVE PROCEEDING #3-11448
IN THE MATTER OF VAN DER MOOLEN SPECIALISTS USA, LLC
ADMINISTRATIVE PROCEEDING #3-11449
United States Securities and Exchange Commission

Heffler, Radetich & Saitta LLP is currently involved in a case that was initiated by the SEC and New York Stock Exchange ("NYSE") against seven specialist firms. Heffler, Radetich & Saitta LLP was appointed the Administrator of the Fair Fund. The total Fair Fund established includes disgorgement and civil penalties exceeding $247,000,000. Heffler, Radetich & Saitta LLP is working with the NYSE, clearing member firms and nominees to identify and receive electronically, the class members' information of approximately 2.6 million damaged transactions that were the result of the Specialist firm's alleged trading violations. The firm has developed a rolling plan of distribution and has recently issued a third distribution and will continue performing post-distribution activities.
Valueclick
IN RE: VALUECLICK SECURITIES LITIGATION

CASE NO. CV 07-5411 DDP (AJWx)
In The United States District Court for the Central District of California
The Honorable Dean D. Pregerson

The ValueClick Securities Litigation settlement provides $10,000,000 cash settlement fund for the benefit of investors who bought shares of ValueClick, Inc. common stock from June 13, 2005, through July 27, 2007. Heffler, Radetich & Saitta LLP received in excess of 14,000 Proofs of Claim (over 9,500 of which were filed electronically by large institutions or nominees). The firm designed, programmed, printed and mailed a postcard to each claim filer acknowledging the receipt of their claim, providing a brief status update, and supplying a toll-free number, mailing address and Web address for claimants to contact with questions.

The matter involves a complex Plan of Allocation and Proof of Claim form processes, where Recognized Claim amounts were calculated for common stock acquired during the Class Period (including shares acquired in a stock-for-stock merger during the Class Period). It includes using a formula and algorithm that requires a separate calculation and comparison for each transaction matched on a first-in, first-out basis, whether a claimant held or sold their shares, and the date they purchased (and, if applicable, sold) their shares. Extensive audits of institutional and other high-end claims were conducted to verify that each claim was calculated properly.

Case Listing

A - E | F - K | L - N | O - S | T - Z | View / Hide All

Case Studies

SEC v. First Jersey Securities, Inc.
SEC v FIRST JERSEY SECURITIES, INC. AND ROBERT E. BRENNAN CASE NO. 85 CIV 8585 (RO)

United States District Court for the Southern District of New York

Heffler, Radetich & Saitta LLP is currently engaged as the Claims Agent to distribute the disgorged funds resulting from the SEC vs. First Jersey Securities, Inc. and Robert E. Brennan litigation. The firm has maintained a database with the claimants' investment information from the Spatola, et al. vs. First Jersey Securities, Inc., et al., civil action No. 85-6059. On December 3, 2004, Heffler, Radetich & Saitta LLP assisted in and oversaw the mailing of the Notice of Distribution Plan for Disgorged Funds (the "Notice") approved by the Court on November 15, 2004, to over 82,871 names and addresses from the Spatola action.

This claimant database along with additional records from claims filed from the Notice is also being used in distributing the Disgorged Funds collected by the SEC. Heffler, Radetich & Saitta LLP has assisted the SEC in developing a Plan of Distribution of Disgorged Funds (the "Plan of Distribution" or the "Plan"). On October 16, 2006, the firm issued Initial Pro Rata Distribution checks to 53,880 Recognized Claimants, totaling over $28 million, who had Class A and/or Class C securities only as defined in the Spatola action and as approved in the Plan of Distribution.

The approved Plan allows for Subsequent Pro Rata Distributions from unclaimed and/or additional funds. On December 28, 2007, in the First Subsequent Pro Rata Distribution, Heffler, Radetich & Saitta LLP issued 33,874 checks totaling over $5.6 million to claimants who had Class A, Class B and Class C securities. The firm is currently following up with the distributees requesting that they cash their checks.
SEC v. Sam Antar, et al.
SEC v SAM M. ANTAR, et al.

CIVIL ACTION NO. 93-3988 (HAA)
In The United States District Court for New Jersey

Heffler, Radetich & Saitta LLP was appointed as the Distribution Agent in the SEC v Sam M. Antar, et al. Civil Action No. 93-3988 (HAA) in the United States District Court for New Jersey. On October 21, 2005, Heffler, Radetich & Saitta LLP distributed $6 million to over 7,700 class members. On March 18, 2009, the firm distributed over $6.75 million to over 7,500 class members in a subsequent distribution of both unclaimed and additional Disgorgement Funds. These distributions were based on claimants who filed in the following two actions:

Heffler, Radetich & Saitta LLP was appointed to facilitate the proof of claim calculation and distribution of the Securities and Exchange Commission v. Eddie Antar, et al. Civil Action No. 89-3773 (JCL) in 1997 and 1998. The two distributions from this litigation entailed over 10,700 claimants receiving distributions with the total combined check amounts of over $55 million.

In April, 1993, Heffler, Radetich & Saitta LLP mailed approximately 54,000 Notices and Proof of Claim forms to class members in the In Re Crazy Eddie Securities Litigation Action, 87 CIV. 0033 (EHN). The firm received 13,608 claim forms and distributed 11,093 checks to court approved claimants in 1996.
SEC Specialist Matters
SEC SPECIALIST MATTERS

Administrative Proceedings 3-11445, 3-11446, 3-11447, 3-11448, 3-11449, 3-11558 & 3-11559

Heffler, Radetich & Saitta LLP is currently involved in the case that was initiated by the SEC and NYSE against seven specialist firms. The firm was appointed the Administrator of the seven Distribution Funds. The seven funds combined, which included disgorgement funds and civil penalties (one entity also paid post-judgment interest), exceeded $247 million. Heffler, Radetich & Saitta LLP has been working with the NYSE, Clearing Member firms and various Nominees to identify the investors that were injured as a result of the Specialist firms' alleged trading violations. Heffler, Radetich & Saitta LLP has had six distributions to date totaling over $141 million of disgorgement and interest to harmed investors.
SEC v. John Mervyn Nabors & Eric McCraken
IN RE: SEC v JOHN MERVYN NABORS & ERIC J. MCCRAKEN

NO. 8:04-cv-2288-T-23 MAP
In the United States District Court for the Middle District of Florida, Tampa Division

In an order dated March 27, 2006, Heffler, Radetich & Saitta LLP was appointed as the Claims Administrator to distribute the Fair Funds received in the above matter to the approved claimants in the In Re Aerosonic Corp. Securities Litigation, case no. 8:03-cv-2373-T-24 TBM in the Middle District of Florida (the "Class Action"). Heffler, Radetich & Saitta LLP was also appointed as the Claims Administrator in the In Re Aerosonic Corporation Securities Litigation. The Fair Funds of over $268,000 were distributed to approximately 366 approved claimants who filed claims in the Class Action on or about August 9, 2006.

Case Studies

G&G Poultry, Inc.
IN RE: MACHADO et al., v. G&G POULTRY, INC., et al.

Heffler, Radetich & Saitta LLP is engaged as Claims Administrator for the Machado et al., v. G&G Poultry, Inc. settlement of unpaid minimum wage class action. The firm assisted Defendant's Counsel in the set up of a disbursing agent (bank) to disburse the qualified settlement fund to Class Members. Heffler, Radetich & Saitta LLP will calculate, withhold and deposit to all authorities the appropriate payroll taxes for each Class Member receiving a distribution check from the Settlement Fund.
Lucent Technologies, Inc. ERISA
IN RE: WARREN F. REINHART, et al., v. LUCENT TECHNOLOGIES INC., et al.

Heffler, Radetich & Saitta LLP was engaged as Claims Administrator for the Lucent ERISA settlement litigation. The team assisted Class Counsel in the mailing of Notices to current or former employees who lost money in their retirement accounts held by Lucent through Fidelity Investments. The firm worked exclusively with them on numerous questions concerning their options. With over 135,000 Class Members in this settlement, the firm handled correspondence, change of address requests and all questions/concerns: over 8,700 telephone calls, over 1,000 e-mails and over 200 through letters via mail and fax. Heffler, Radetich & Saitta LLP worked with Fidelity in distributing funds to employees and assisting with responses to inquiries from employees concerning settlement amounts.
New York Life Insurance Co. 401(k)
IN RE: JAMES A. MEHLING, et al., v. NEW YORK LIFE INSURANCE CO., et al.

Heffler, Radetich & Saitta LLP is engaged as Claims Administrator for the New York Life Insurance Co. 401(k) and Pension Plans settlement litigation. The team assisted Class Counsel in the mailing of Notices and Claim Forms to current or former employees who lost money in their retirement accounts held by NYLIC. The firm is working exclusively with them on numerous questions concerning their options in this settlement. With over 45,000 Class Members in this settlement, the firm is handling opt-outs, objections, correspondence, change of address requests and all questions and concerns, including telephone calls, e-mails and letters via mail and fax. Heffler, Radetich & Saitta LLP will be calculating distributions to current and former employees and agents, including allowing them the option to "rollover" their distribution to a different retirement account, and assisting with responses to inquiries from Class Members concerning settlement amounts.
Sanofi-Aventis US, LLC
BELLIFEMINE, et al. v. SANOFI-AVENTIS U.S. LLC

In the United States District Court for the Southern District of NY
C.A. NO. 07-2207

Heffler, Radetich & Saitta LLP is currently engaged as Claims Administrator for the Bellifemine, et al. v. sanofi-aventis U.S. LLC settlement. The firm assisted Defendant's Counsel in the mailing of the Notice of Class Action Settlement to women who are or were employed as sales professionals or district sales managers for sanofi-aventis in the United States from May 12, 2005 through March 23, 2010. With over 5,200 Class Members in this settlement, the firm is handling correspondence, change of address requests and other questions and concerns. Heffler, Radetich & Saitta will distribute over $8.1 million to Class Members based upon a Base Pay Regression Analysis and the Claim Form Discrimination Component. The firm will also calculate the applicable federal and state employment taxes on the distributions and send applicable W-2 forms to the payees.
Unisys Corp. Retiree Medical Benefits
IN RE: UNISYS CORP. RETIREE MEDICAL BENEFITS ERISA LITIGATION

During 1999 through 2004, Heffler, Radetich & Saitta LLP was engaged to assist Plaintiffs' Counsel in calculating and disbursing payments due to Unisys, Burroughs and Sperry retirees. The settlement payments reimbursed retirees for the premiums paid on and after January 1, 1995 through December 31, 2002 for coverage under the company's plan or other programs of medical coverage, or for medical expenses that were incurred but not reimbursed or covered by Medicare or any other program of medical expense coverage. These complex calculations included varying amounts based on the relative ages and levels of coverage for retirees, their spouses and eligible dependants over an eight-year period, as well as increases in plan and Medicare premiums, and resulted in us disbursing nearly 3,500 checks totaling over $15 million.

Case Studies

Diet Drugs (Phen/Fen) Litigation
IN RE: DIET DRUGS (PHENTERMINE/FENFLURAMINE/DEXFENFLURAMIN) PRODUCTS LIABILITY LITIGATION

CIVIL ACTION NO. 99-20593, MDL NO. 1203
In the United State District Court of the Eastern District of Pennsylvania

Heffler, Radetich & Saitta LLP serves as the Fund Administrator of the Diet Drugs Products Liability Litigation, and is responsible for the administration of claims for payment in the $1.275 billion, 7th Amendment Supplemental Class Settlement Fund. The claims administration process requires the firm to procure claim forms and a medical review by a participating physician of a relevant echocardiogram, for the approximate 40,000 Category One class members who have been identified by the AHP Settlement Trust.

The Service Team has developed both an electronic and paper Proof of Claim form giving Class Members a choice of the type of claim form to file. They designed an interactive website for Class Members to file Proof of Claims and receive current status reports on their claims. Custom software has been designed to read and collect measurements made by a participating physician from a Class Member's echocardiogram, and a plan to recruit and train Level 2 cardiologists on the newly created software was initiated. Correspondence with either Class Members or their counsel regarding the results of Medical Reviews was handled by the Team. Upon completion of the claims administration process, the Team will coordinate the final distribution of the Net Settlement Fund to eligible Class Members and their representatives.
Oxycontin Litigation
OXYCONTIN LITIGATION

Private Settlement

Heffler, Radetich & Saitta LLP served as the Claims Administrator in this action involving plaintiffs who had been prescribed OxyContin Tablets and who may have incurred medical expenses that were alleged to be a result of using OxyContin. The firm received a listing of plaintiffs from Class Counsel and was instructed to mail claim packages to each plaintiff requesting that they complete the forms and return them directly to Counsel. Class Counsel notified the firm of any claims received from plaintiffs. They created a database file to store the claimants' information and to ensure that all plaintiffs had responded with a claim. At the direction of Counsel, the firm mailed reminder letters to any plaintiff who had not responded to the claim request. Over 1,100 claims were received and keyed into the database. A detailed Settlement Fund Analysis was created to assist Counsel in determining the amounts to distribute to Counsel, as well as the available amounts to distribute to claimants. Heffler, Radetich & Saitta LLP also calculated and paid any applicable taxes due from the settlement, assisted in the distribution to claimants and mailed checks to over 900 claimants in this matter.
Pet Food Products Litigation
IN RE: PET FOOD PRODUCTS LIABILTY LITIGATION

CIVIL ACTION NO. 07-2867 (NLH) (All Cases), MDL NO. 1850
In the United States District Court for the District of New Jersey
Honorable Judge Noel L. Hillman

Heffler, Radetich & Saitta LLP is engaged as Claims Administrator of the Pet Food Products Liability Litigation for both notification and claims administration services, involving a settlement fund of $24 million to reimburse class members for the out-of-pocket expenses they incurred as a result of the alleged contamination of certain recalled pet food products The Settlement was approved in the United States Court, as well as nine provincial Courts throughout Canada.

The firm coordinated publication of a summary notice in printed and electronic media in various publications through the United States and Canada, and printed and mailed over 34,000 Notices and Proofs of Claim to potential class members throughout the United States and Canada. Heffler, Radetich & Saitta LLP created a website completely dedicated to the litigation, which is available in both English and French Canadian. The website provides all relevant documents, FAQs and allows for class members to submit claims and requests for information through the website. Class Members were requested to complete the claim form identifying all expenses incurred relating to the purchase of recalled pet foods, the medical expenses incurred to treat their affected pets, and any additional economic damages they incurred as a direct result of the alleged contaminated foods. Currently, the firm has received and is currently reviewing and processing over 12,000 Proofs of Claim.

Case Studies

Asbestos School Litigation
IN RE: ASBESTOS SCHOOL LITIGATION

MASTER FILE NO. 83-0268
In the united States District Court for the Eastern District of Pennsylvania
Honorable Chief Judge James T. Giles

In another engagement Heffler, Radetich & Saitta LLP employed the use of Internet claim filing to make it more convenient for claimants to file long, complicated claim forms. The Asbestos School Litigation claim form required the claimant to provide detailed information on their expenditures of asbestos abatement, encapsulation and monitoring, along with costs of certain defendant products that were installed. The filing of claims through the Internet and by computer diskette provided the claimant with instructions and the format to file a completed claim.

Since the claimant could not upload the claim to the firm's database unless it was completed, this eliminated numerous pieces of written correspondence, reduced the deficiencies on the claim and therefore reduced administration time. Through the firm's website, Heffler, Radetich & Saitta LLP was able to respond through e-mail on a daily basis, to all class members' questions concerning the Notice, Claim Form and settlements. Finally, due to this mode of claim filing, the firm's review and/or audit of the completed claims were started upon receipt.
Bogosian, et al. v. Gulf, et al.
BOGOSIAN, ET AL. v. GULF, et al.

Heffler, Radetich & Saitta LLP was engaged to administer the Bogosian, et al. v. Gulf et al. Class Action. Over 24,000 claimants filed claims. Before the Notice could be mailed it was necessary to create the mailing list. The firm sent teams to various locations across the United States. These teams, enhanced with local people, searched through records in warehouses to manually capture the information that was used to create the mailing list. Notices were mailed to over 100,000 potential claimants and in addition notice was published nationally in trade journals distributed to all gas station lessee dealers. After an analysis of all the claims that included detailed audits on large claims, payments were made to over 18,000 claimants.
Carnival et al. v. WMX Technologies, Inc.
IN RE: CARNIVAL, ET AL. v. WMX TECHNOLOGIES, INC., et al.

CIVIL ACTION NO. 97-CV-5122(JEI)
In the United States District Court District of New Jersey
Honorable District Judge Joseph E. Irenas

Heffler, Radetich & Saitta LLP was engaged to process claims of owners of any real property located within a specific area in proximity to the Landfill. Plaintiffs alleged that their property values were diminished by the operation of the landfill. Notices and Proof Claim forms were sent to 2,761 addresses. Claim forms were filed by 889 Class Members.

Claim amounts were determined based upon the assessed values of the Class Property from the municipality tax book records and from adjustments to the properties such as improvements. The real estate area included in the Class was also stratified by an expert appraisal report based upon the proximity of the properties to the landfill. Claims were weighted according to this location stratification. Claimants were also permitted to support their real estate loss value by providing their own appraisal.
Foreign Currency Transactions
IN RE: CURRENCY CONVERSION FEE ANTITRUST LITIGATION

M 21-95, MDL NO. 1409
In the United States District Court for the Southern District of New York
Honorable Judge William H. Pauley III

Heffler, Radetich & Saitta LLP was engaged in 2006 as Claims and Tax Administrator of the Currency Conversion Fee Antitrust Litigation. A settlement escrow fund was established for the $336 million paid by the Defendants. Notice and Proof of Claim forms were developed in two languages and were mailed to over 40 million potential Class Members. A website was developed, also in two languages, to explain the litigation, to answer questions, to provide copies of various documents and to allow claimants to file their claims electronically. In addition, Heffler, Radetich & Saitta LLP maintained a toll-free number that listed Frequently Asked Questions and provided access to live, multi-lingual operators to assist with any questions or to log the request for document copies during the filing period. The firm coordinated publication of a summary notice in printed and electronic media with daily circulation of over 7.5 million. A total in excess of 10.2 million claims were filed in this matter. An extensive audit program was undertaken to test the validity of various claims. The firm is currently reviewing all claims to determine if any duplicates were filed by claimants.
Frugia v. Nationwide Mutual Insurance Company
FRUGIA v. NATIONWIDE MUTUAL INSURANCE COMPANY, et al.

Case NO. CV-2007-417-3
In the Circuit Court of Miller County, Arkansas

Heffler, Radetich & Saitta LLP was previously hired as the Claims Administrator in this action involving insureds who allegedly were underpaid for bodily injuries under the Uninsured or Underinsured Motorists ("UM/UIM") coverage of auto insurance policies where a specific computer program was utilized to calculate damages. Over 7,300 Notices and Claim Forms were mailed to potential class members. The firm created a website dedicated to the Settlement, where a class member could obtain the pertinent documents relating to the case. Heffler, Radetich & Saitta LLP also arranged for an Interactive Voice Response ("IVR") system to be set up so class members could call a toll free number to listen to a brief summary of the settlement along with the option to listen to more detailed messages addressing frequently asked questions. The firm received 875 Claim Forms and created a database to store the information listed on the Claim Forms in order to easily electronically submit the claims data to the insurance company for claim and payment review. Claimants were advised of the calculations of their claim through mail and a distribution was subsequently made to all eligible claimants.
Gates v. Rohn and Haas
IN RE GATES v. ROHM AND HAAS, et al.

NO. 06-1743
In the United States District Court for the Eastern District of Pennsylvania

Heffler, Radetich & Saitta LLP was hired as the Claims Administrator in this action involving residents and homeowners located in McCullom Lake Village, McHenry County, Illinois. The lawsuit claimed that the defendant companies engaged in activities that caused certain chemicals to be released into the air and water. It was alleged that exposure to these chemicals could increase the risk of brain tumors. In addition, the alleged contamination was claimed to have caused damage to properties. Notices and Claim Forms were mailed to potential class members who currently owned or previously owned property in McCullom Lake Village.

Over 390 claimants filed a property claim, in which Heffler, Radetich & Saitta LLP verified the ownership of properties and in some cases split claims to a property due to more than one owner during the specified Class Period. Property damage claimants were paid a pro rata percentage from the Settlement Fund based on the number of properties they owned. Over 900 claimants filed a claim for medical monitoring reimbursement. Each medical monitoring claimant was allowed up to a specified dollar amount that could be used to reimburse the claimant for medical testing for the screening of potential brain tumors. Claimants had the option to pay their medical bills up front and be reimbursed from the Settlement Fund or have the medical testing facility issue a bill to the Claims Administrator for direct payment to that medical facility.
Larusso v. Nationwide
IN RE: SALVATORE D. LARUSSO, et al. v. NATIONWIDE MUTUAL INSURANCE COMPANY

CONSOLIDATED CASE NO. 00-6061-CIV-ZLOCH/SNOW
In the United States District Court Southern District of Florida

Heffler, Radetich & Saitta LLP is currently engaged as Claims Administrator in this action involving healthcare benefits under a personal injury protection insurance policy. Over 73,000 Notices and Claim Forms were mailed to insured and providers. The firm received over 2,100 Claim Forms. In addition to creating a database of the information listed on the Claim Forms, the firm created a web-based system where Nationwide could review the claims filed, add relevant treatment dates, billed amounts, pay amounts, deny codes, etc.
Three Mile Island Litigation
IN RE: THREE MILE ISLAND LITIGATION

CIVIL ACTION NO. 79-0432
In the United States District Court of the Middle District of Pennsylvania

Heffler, Radetich & Saitta LLP was engaged as Administrator of the Three Mile Island Class Action where in excess of 15,000 individuals and entities filed Proof of Claim forms requesting damages as a result of the Three Mile Island Nuclear Accident. The firm recom¬mended guidelines to Class Counsel to be used in evaluating losses as a result of business interruption and costs incurred by persons fleeing the area immediately after the accident.

These recommendations were not only instituted but were praised by Counsel and the Court. Heffler, Radetich & Saitta LLP also received a commendation from the Judge for the professional way the firm handled Class Members in such an emotional case that was under constant scrutiny by the news media. Every claim was settled and not one claimant appealed their award.