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.