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Ventas, Inc. Message Board

  • capcap99 capcap99 Oct 9, 2012 9:08 PM Flag

    Class Action Settlement Oink Oink

    Did any other NHP ex-shareholders read the Notice of Pendency of Class Action, Proposed Settlement and Settlement Hearing that we recently received in the mail? My interpretation is that this whole ordeal provided no benefit whatsoever to any NHP or VTR shareholders, but a law firm (plaintiffs' counsel) has suceeded in getting NHP's and VTR's lawyers to sign a MOU agreeing to pay them a $375,000 fee anyway, and they have suceeded in making it impractical for any shareholder to protest this arrangement (must file writtent notice of intent to appear with court clerk, etc.).

    Please correct me if I've misinterpreted this arrangement. Also please correct me if I'm incorrect in understanding that, while $375,000 is much less than the fees involved in similar M&A class actions that provide no shareholder benefit, this money basically comes out of our pockets and goes into some lawyers' pockerts.

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