Welcome to the CVB Securities

Class Action Settlement Website

BARRY R. LLOYD, Plaintiff,

v.

CVB FINANCIAL CORP., et al., Defendants.

Read the information on this site carefully.  If you are a Settlement Class Member, your rights will be affected by the Settlement whether you take any action or not.

Important Update: At the Settlement Fairness Hearing on March 13, 2017, the Court approved the Class Action Settlement. The Court also approved the Plan of Allocation as well as Attorneys's Fees and Reimbursement of Litigation Expenses. Copies of the Court's orders are available on the Key Dates/Documents page.

The United States District Court for the Southern District of Florida has preliminarily approved the proposed Settlement reached in the class action lawsuit known as Barry R. Lloyd, v. CVB Financial Corp., et al., Case No. CV 10-06256-CAS (the "Action"). If granted final approval by the Court, the Settlement will resolve allegations that Defendants violated the federal securities laws by making materially false and misleading statements and failing to disclose certain material facts about CVB's financial results during the Settlement Class Period.

 

The Purpose of This Website

This Website has been established to provide general information regarding the proposed Settlement.  The Website is intended (1) to inform you of the lawsuit, (2) to describe the Settlement and provide information on how you can submit a claim in order to be potentially eligible to receive a distribution from the net Settlement proceeds, (3) to notify you of your options in connection with the Settlement and how your legal rights are affected, (4) to let you know of the upcoming Settlement Hearing, and (5) to advise you on how to obtain additional information about the lawsuit and the Settlement.

 

If You are a Member of the Settlement Class, Your Rights Will Be Affected by the Pending Action and the Settlement, and You May Be Entitled to Share in the Settlement Fund.

If you have not yet received the Notice and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at Barry R. Lloyd v. CVB Financial Corp., c/o JND Class Action Administration, P.O. Box 6847, Broomfield, CO 80021, 1 (844) 620-9987, or email CVBSettlement@classactionadmin.com.  Copies of the Notice and Claim Form can also be downloaded from the Key Dates/Docs page.  

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than April 18, 2017.  If you are a Settlement Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.

If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is received no later than February 21, 2017, in accordance with the instructions set forth in the Notice.  If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement.  

Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel’s motion for attorneys’ fees and reimbursement of expenses, must be filed with the Court and delivered to Lead Counsel and Defendants’ Counsel such that they are received no later than February 21, 2017, in accordance with the instructions set forth in the Notice.

SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN APRIL 18, 2017. This is the only way to be eligible to receive a payment from the Settlement Fund.  If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in the Notice), so it is in your interest to submit a Claim Form.
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN FEBRUARY 21, 2017. If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund.  This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN FEBRUARY 21, 2017. If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them.  You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.
GO TO A HEARING ON MARCH 13, 2017 AT 10:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN FEBRUARY 21, 2017. Filing a written objection and notice of intention to appear by February 21, 2017, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses.  If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
DO NOTHING. If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund.  You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.