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Stephens Class Action Settlement

Class Action Fairness Act (“CAFA”)
Notice of Proposed Class Action Settlement

 

RE:     James Stephens, et al. v. US Airways Group, Inc., Case No. 07-1264 RMC,

           U.S. District Court for the District of Columbia

As required by 28 U.S.C. § 1715(b), the Pension Benefit Guaranty Corporation (“PBGC”) is providing a copy of the following documents:

1. The Third Amended Complaint and the Fourth Amended Complaint in this action, which are the Amended Complaints relevant to the action and the settlement, as well as the motion by class representatives James Stephens and Richard Mahoney to withdraw and be replaced by John Davis and the order granting this motion.

2. A status hearing has been scheduled for December 18, 2014 at 2:00 PM.

3. The proposed notice to the class members concerning (a) a summary of the settlement, and (b) their right to request exclusion from this class action.

4. The proposed settlement agreement.

5. There is no settlement agreement or other contemporaneous agreement made between class counsel and defendant’s counsel.

6. The notices of voluntary dismissal filed by Donald Nippert and Floyd Stephens.

7. The Court Order authorizing PBGC to disclose certain information that is or may be protected by the Privacy Act, 5 U.S.C. § 552a.

8. On November 26, 2014 the Court issued a minute order denying without prejudice the motion for preliminary approval of the settlement agreement because the recently substituted class representative had not yet completed his review of the settlement agreement. On December 15, 2014 the Court returned the motion for preliminary approval of the settlement agreement to active status.