Freitag, 23. Juli 2010

In Re FLAG Telecom Holdings Ltd. Securities Litigation

Trading Symbol: FTHL
CUSIP Number: VARIOUS

TERMS OF THE SETTLEMENT: The Settlement consists of $24,400,000 in cash and will include interest on the Settlement Fund prior to distribution.

CLASS DESCRIPTION: On behalf of all persons or entities who purchased common stock of FLAG Telecom Holdings, Ltd. between March 6, 2000 and February 13, 2002, as well as those who purchased FLAG common stock pursuant to or traceable to the Company's initial public offering between February 11, 2000 and May 10, 2000, inclusive, and who were damaged thereby, but excluding any such purchasers who sold all of their FLAG shares prior to February 13, 2002.

IMPORTANT DATES:

DATE TO SEEK EXCLUSION
FROM THE CLASS: SEPTEMBER 22, 2010

DATE FOR SUBMISSION OF
PROOF OF CLAIM FORMS: NOVEMBER 30, 2010

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