Toshiba 5005 Class Action Settlement Update
I have just been advised by Rosenthal & Co. that 80% of the checks have now been mailed. Despite the earlier statements, to me, that the funds had been sent on September 9, 2005, it now appears the majority, if not ALL, of the checks, were being sent TODAY. This error, I have been advised, was not caused by Toshiba, but was an administrative error at Rosenthal & Co. In any event here are the current statistics: 1) 80% of the settlement funds are now in the mail 2) 10% of the boxes have been distributed the remaining 90% should be out by the Friday 3) there are approximately 2000 claims that have a problem. Most simply don't have the signature of the class member. Letters are being sent out, this week, advising those class members about the problem and what they need to do in order to remedy the situation. I will continue to keep you updated on the status of the settlement process. Paul Kiesel, Esq.