Archon Corporation Preferred Stock Settlement
Amount per share is unknown and depends on how many of the approximately 1.4 million shares file valid claims.
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
Archon Corporation shareholders held exchangeable redeemable preferred stock that is the subject of this lawsuit. The two sides disagreed on whether investors could have won and how much they could have recovered. Both parties concluded the settlement was advantageous considering the risks and uncertainties of continued litigation.
Do you qualify?
Anyone who owned or held Archon exchangeable redeemable preferred stock at the close of business on August 31, 2007. Excluded from the class are Archon Corporation, Paul W. Lowden, Suzanne Lowden, and officers or directors of Archon or any plaintiff in four other individual cases that have already resolved.
How to file
All distributions have been completed and the case is closed. Remaining funds have been escheated to the Nevada State Treasurer. If you believe you or a deceased relative were entitled to compensation but did not receive funds, check the Nevada unclaimed funds website at www.nevadatreasurer.gov. For more information, contact the Claims Administrator at 1-888-551-9712 or info@ArchonPreferredClassAction.com.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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