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Welcome to the Xybernaut Corp. Securities MDL Litigation Home Page.
If you bought common stock of Xybernaut Corporation on the open market between May 10, 2002 and April 8, 2005, inclusive, you may be entitled to receive a payment from this proposed class action settlement.
The Settlement will create a fund consisting of $6,300,000 in cash plus accrued interest If approved by the Court, the Settlement fund less taxes, settlement administration costs, and attorney’s fees and expenses, will be distributed according to the Plan of Allocation among Class Members who submit valid Proof of Claim and Release forms.
This Settlement resolves the Complaint which alleges that one or more of the Original Defendants 1) failed to disclose rampant nepotism within the company; 2) failed to disclose use of Company funds for personal expenses; 3) issued false and misleading statements concerning Xybernaut’ business and prospects; and/or 4) misled investors about fund raising through private placements of Xybernaut stock.
Note: This website is provided as a service to potential class members. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Proposed Settlement of Class Action and Proof of Claim and Release Form.
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