Toshiba 5005 Class Action Settlement Update

I am very pleased to report on April 25, 2005, Judge Carolyn Kuhl approved the final settlement of the Toshiba class-action involving the 5005 satellite computer. To date, thousands of 5005 owners have submitted their claims to Rosenthal & Company, the claims administrator in charge of processing settlement claims. If you have not previously submitted a claim, either electronically or by submitting a "paper" claim form, you have only until June 27, 2005 to do so. Should you fail to file a claim with the claims administrator before June 27, 2005 you will lose your right to participate in the settlement and forever forfeit your right to obtain a recovery in this action.

For those of you who have already submitted claims forms, processing of claims will BEGIN shortly after June 27, 2005. Pursuant to the terms of the Settlement Agreement -- those individuals who have chosen to receive a payment of $500 -- you should anticipate the settlement funds will begin being distributed just after the claim period ends in July, just a few short months from now. Your warranty extension will become effective at that time as well. For those class members who have selected to have their machines tested by the independent testing facility you will be instructed on how to have your machines shipped to Toshiba shortly after June 27, 2005. You will be provided with specific shipping instructions as well as shipping materials for use in sending your computer to the testing facility. As always, should you have any specific questions about the claims administration process, please call the claims administrator, Rosenthal & Company, at their toll-free number 1-800-207-0343 or feel free to send me an e-mail.

Congratulations to you all. It has been an honor and a privilege to represent the members of this class action.