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1
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NOTICE
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EXTRACTED KEY WORDS
COMMON STOCK SETTLEMENT SOLD CLASS MEMBERS CLAIMANT COMMON STOCK PLAINTIFFS SECURITIES OPEN MARKET REQUEST AMOUNT PAID LOSS COURT RECOGNIZED CLAIM EXCLUSION FINANCIAL STATEMENTS SETTLEMENT FUND SUNBEAM CORPORATION DEFENDANTS TRANSACTION CHARGES DISCLOSURES SUNBEAM SECURITIES LITIGATION BROKERAGE COMMISSIONS REPURCHASE EXPIRED WORTHLESS INSTRUCTIONS NET SETTLEMENT FUND AUTHORIZED CLAIMANT CLAIMS ADMINISTRATOR SETTLEMENT PROCEEDS |
UNITED STATES
SOUTHERN DISTRICT OF
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IN RE SUNBEAM SECURITIES LITIGATION ) 98-8258-Civ-Middlebrooks
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NOTICE OF PENDENCY OF CERTIFIED CLASS ACTION, HEARING ON
SETTLEMENT AND ATTORNEYS* FEE PETITION AND RIGHT TO SHARE IN
TO: ALL PERSONS WHO PURCHASED THE COMMON STOCK OF SUNBEAM CORPORATION ("SUNBEAM") OR WHO
PURCHASED SUNBEAM CALL OPTIONS OR SOLD SUNBEAM PUT OPTIONS ON THE OPEN MARKET DURING
FROM APRIL 23, 1997 THROUGH AND INCLUDING JUNE 30, 1998.
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS WILL BE AFFECTED BY
THIS ACTION. IF YOU ARE A CLASS MEMBER, YOU ULTIMATELY MAY BE ENTITLED TO RECEIVE BENEFITS
PROPOSED PARTIAL SETTLEMENT DESCRIBED HEREIN.
CLAIMS DEADLINE: CLAIMANTS MUST SUBMIT PROOFS OF CLAIM, ON THE FORM ACCOMPANYING THIS
POSTMARKED ON OR BEFORE NOVEMBER 15, 2001.
EXCLUSION DEADLINE: REQUESTS FOR EXCLUSION MUST BE POSTMARKED ON OR BEFORE SEPTEMBER 10,
MUST BE RECEIVED BY SEPTEMBER 15, 2001.
SECURITIES BROKERS AND OTHER NOMINEES: PLEASE SEE INSTRUCTIONS ON PAGE 6 HEREIN.
SUMMARY OF SETTLEMENT AND
I. Purpose of this Notice
1. This Notice is given pursuant to Rule 23 of the Federal Rules of Civil
3, 2001 and July 3,
2001. The purpose of this Notice is to inform you: (i) that this Action has been
l affect all Class
Members* rights; and (ii) to inform you of a proposed Settlement with Arthur Andersen, one of the
Notice describes the rights of Class Members, and the rights you may have under the proposed
to this Action. This Notice is not an expression of any opinion by the Court as to the merits of
this Action, or the fairness or adequacy of the proposed Settlement.
II. Statement of Plaintiff Recovery
2. Pursuant to the Settlement described herein, a Settlement Fund consisting of
n established.
P laintiffs estimate that there were approximately 144 million shares of Sunbeam common
may have
been damaged as a result of the alleged wrongdoing described below, of which
e end of the
Class Period. Plaintiffs estimate that the average recovery per damaged share of Sunbeam common
share1 before deduction of Court-awarded attorneys* fees and expenses. Depending on the
s Period
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