Sonntag, 19. September 2010

In Re Virgin Mobile USA, Inc. Securities Litigation

Trading Symbol: VM
CUSIP Number: 92769R108 & Options

TERMS OF THE SETTLEMENT: The Settlement consists of $19,500,000 in cash and will include interest on the Settlement Fund prior to distribution.

CLASS DESCRIPTION: On behalf of all persons who purchased or otherwise acquired the publicly-traded common stock of Virgin Mobile USA, Inc. between October 10, 2007, and March 12, 2008, inclusive, or purchased or otherwise acquired call options on the common stock of Virgin Mobile between October 10, 2007, and March 12, 2008, inclusive, or sold or otherwise disposed of put options on the common stock of Virgin Mobile between October 10, 2007, and March 12, 2008, inclusive.

IMPORTANT DATES:

DATE TO SEEK EXCLUSION
FROM THE CLASS: NOVEMBER 15, 2010

DATE FOR SUBMISSION OF
PROOF OF CLAIM FORMS: DECEMBER 31, 2010

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