Law Office of Christopher J. Gray, P.C. informs investors that if they wish to opt out of the securities settlement of a class action lawsuit (In re Tremont Securities Law, State Law, and Insurance Litig., U.S. District Court for the Southern District of New York Master Docket No. 08-CV-11117 (TPG), hereinafter referred to as the “class action”) involving certain Rye and Tremont funds they must do so by May 11, 2011. If final approval of the proposed settlement is granted by the U.S. District Court for the Southern District of New York, investors who do not exercise their right to opt out will become members of the certified class and will receive a pro rata distribution of the $100 million settlement fund created in connection with the settlement. A summary of the terms of the settlement is accessible below.
summary notice scanned.pdf (233.20 kb)