Raider v Archon Corporation Preferred Stock Settlement
Amount per share unknown; depends on number of valid claims filed from approximately 1.4 million shares
Last verified September 10, 2026Source: jndHow ClaimWatch verifies cases
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
Investors held Archon Corporation exchangeable redeemable preferred stock and filed a lawsuit against Archon Corporation and others. The two sides disagreed on whether the investors could have won and the amount of recovery. The parties settled the dispute without admitting wrongdoing.
Do you qualify?
Anyone who owned or held Archon exchangeable redeemable preferred stock at the close of business on August 31, 2007. Excluded are Defendants (Archon Corporation, Paul W. Lowden, and Suzanne Lowden), officers or directors of Archon, and certain plaintiffs from four previously resolved cases.
How to file
All distributions have been completed and the case is closed. All remaining funds have been escheated to the Treasurer of the State of Nevada. Those who believe they were entitled to compensation should check the Nevada unclaimed funds website at www.nevadatreasurer.gov, or contact the Claims Administrator at 1-888-551-9712 or info@ArchonPreferredClassAction.com.
Common questions
- How much does the Raider v Archon Corporation Preferred Stock Settlement pay?
- Estimated payout: Amount per share unknown; depends on number of valid claims filed from approximately 1.4 million shares. The total settlement fund is $9.2M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Is the Raider v Archon Corporation Preferred Stock Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at archonpreferredclassaction.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the Raider v Archon Corporation Preferred Stock Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.
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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