Distribution of the Settlement Fund has commenced as of May 1, 2017.

Household International, Inc. Securities Litigation Website

Welcome to the Household International, Inc. Litigation Website. This site provides information concerning the background of the Household International, Inc. (“Household”) Securities Litigation and settlement of this matter, information about the eligibility of submitted claims, and answers to Frequently Asked Questions.

The litigation involves all persons who purchased or otherwise acquired the common stock of Household during the period between October 23, 1997 and October 11, 2002, inclusive (the “Class”). The jury verdict in this case provided for recovery only for purchasers of Household common stock from March 23, 2001 to October 11, 2002. 

A settlement has been reached in this matter between Plaintiffs and Defendants, the terms and conditions of which are set forth in the Stipulation and the Exhibits thereto.  Notice was sent previously to inform investors of the proposed settlement, and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the proposed settlement.  The settlement was approved by the Court.

The settlement resulted in the creation of a cash settlement fund in the principal amount of One Billion Five Hundred Seventy-Five Million Dollars, plus any interest that accrued thereon.

Claimants were required to submit a Proof of Claim form as described in the Notice of Verdict dated January 11, 2011.  If you filed a Proof of Claim form at that time, your claim was recommended for either acceptance or rejection, as set forth in reports filed with the Court by the Claims Administrator on December 22, 2011. If your claim was not rejected, you will share in the proceeds of the settlement if: (1) you are entitled to a distribution under the Plan of Allocation described in the Notice of Proposed Settlement of Class Action; (2) you submitted a valid Proof of Claim form in 2011; (3) you answered the reliance question, as required, in 2011-2013; (4) you responded to discovery propounded by Defendants in 2014 on claimants who responded “Yes” to the reliance question (if you answered “No”, you were not served with discovery in 2014); and (5) as the proposed settlement was finally approved by the Court. All Class Members will be bound by the Judgment and release to be entered by the Court as described in the Notice.  You may no longer submit a Proof of Claim in this matter.

A list of valid claims, by claim number, is provided on the Case Documents page of this website. On that page you will also find a list, by claim number, of claims that have been rejected. If you already know your claim number, please review the List of Valid Claims and List of Rejected Claims to determine if your claim has been accepted or rejected.

If you do not know your claim number, you may obtain your claim number by e-mailing the Claims Administrator at classact@gilardi.com.

Counsel for the Plaintiffs is Robbins Geller Rudman & Dowd LLP.

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice of Proposed Settlement of Class Action (the “Settlement Notice”) and the Stipulation of Settlement.  These and other relevant case documents can be found and downloaded from the Case Documents page of this website. We recommend that you read the Settlement Notice and other relevant case documents carefully and in their entirety.

Legal Rights and Options in the Settlement

Key Dates & Deadlines:

Additional Information is available at www.householdfraud.com