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Case Status:    SETTLED
On or around 03/12/2008 (Date of stipulation and/or agreement of settlement)

Filing Date: May 01, 2007

On May 08, 2007, a motion to dismiss the complaint was filed. As the case proceeds, an Order on the withdrawal of motion to dismiss without prejudice to a renewal if the settlement should fail was entered on July 23, 2007. As a result, a scheduling Order concerning notice and hearing on settlement was entered on November 13, 2007. At the same time, a memorandum of law in support of final approval of settlement was also entered. Lastly, a Judgment settling the action was entered on February 08, 2008.

The complaint alleges this is a class action brought on behalf of Plaintiff, holders of the registered shares of Converium Holding AG ("Converium" or the "Company") resident in the United States and holders of the Company's American Depository Shares (or "ADSs") against defendants SCOR, S.A. ("SCOR") and Patinex AG ("Patinex"), alleging violations of the United States Securities and Exchange Act of 1934, as amended (the "Exchange Act"), 15 U.S.C. §§78m(d), 78n(d) and 78n(e). Plaintiff and the class seek immediate injunctive relief against defendants in connection with an unlawful plan to acquire the Company by means of a hostile takeover tender offer.

NOTE: A related non-class action was filed by Converium against the defendants alleging the same violations of the Exchange Act.


Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: Switzerland


Ticker Symbol:
Company Market: Other Foreign
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 07-CV-03476
JUDGE: Hon. Gerard E. Lynch
DATE FILED: 05/01/2007
CLASS PERIOD END: 04/13/2007
  1. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 ·
  2. Weiss & Lurie (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Lurie (New York, NY), NY 10126
    212.682.3025 212.682.3010 ·
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