Welcome to the Official Website of the Settlements Relating
to the SCOR Holding (Switzerland) AG Securities Litigation.
This site is designed to provide investors in Converium Holding (AG)
with information about two settlement agreements recently entered into on their behalf.
On July 28, 2008, Public Employees' Retirement System of Mississippi and Avalon
Holdings, Inc. announced that they had reached agreements with SCOR Holding (Switzerland) AG, the successor
to Converium, and Zurich Financial Services ("ZFS"), Converium's former parent, to resolve the claims of
investors who purchased Converium shares and American Depositary Shares ("ADSs") during the period from
January 7, 2002 through September 2, 2004 (the "Class Period").
Those claims are being resolved through two, independent settlements:
A settlement on behalf of US residents who purchased Converium shares on
the SWX Swiss Exchange or purchased Converium ADSs on the NYSE during the Class Period, and foreign
investors who purchased Converium ADSs on the NYSE during the Class Period (the "Class Settlement");
and
A settlement on behalf of foreign investors who purchased Converium
shares on the SWX Swiss Exchange during the Class Period (the "Foreign Settlement"). The Foreign
Settlement is to be administered through the Stichting SCOR Securities Compensation Fund and is
subject to approval by the Amsterdam Court of Appeals.
On December 12, 2008, the United States District Court for the
Southern District of New York approved the Class Settlement and entered an Order and
Final Judgment which ends the action.
A copy of the
Order and Final Judgment is available here.
At this time, information on the website only pertains to the Class
Settlement. Additional information about the Foreign Settlement will be available here in the future.
A copy of
the Notice to members of the Class Settlement is available here.
A copy of the
Claim Form for the Class Settlement is available here.
Please click here for French, German
and Italian translations of the Notice and Claim Form.
