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WELCOME TO THE SMART TECHNOLOGIES SHAREHOLDER LITIGATION WEBSITE



Settlement Update

On November 27, 2018, the Net Settlement Fund was distributed to Class Members whose Claims were approved for payment by the Courts and whose proportionate share of the funds available for distribution was $10 or greater as required by the Court-approved Plan of Allocation. Claimants who or which submitted valid approved Claims but whose proportionate share of the funds available for distribution was less than $10 were sent letters advising them that they would not be receiving a distribution.

If you receive a distribution check, please cash it promptly as it will become stale on the date set forth on the check.


The SMART Technologies Shareholder Litigation relates to the following class actions: 

• In re SMART Technologies, Inc. Shareholder Litigation, No. 11-CV-7673-(KBF) (the “U.S. Action”) pending in the United States District Court for the Southern District of New York (the “U.S. Court”); and

• Tucci v. SMART Technologies Inc., et al., Court File No. CV-12-447546-00CP (the “Canadian Action”) pending in the Ontario Superior Court of Justice (the “Canadian Court”).

Lead Plaintiff in the U.S. Action, the City of Miami General Employees’ and Sanitation Employees’ Retirement Trust, on behalf of itself and the U.S. Class (as defined in ¶ 30 of the Notice), and representative plaintiff in the Canadian Action, Frank Tucci, on behalf of himself and the Canadian Class (as defined in ¶ 30 of the Notice), have reached a proposed global settlement (the “Settlement”) of the U.S. Action and the Canadian Action (collectively, the “Actions”) for $15,250,000 in U.S. dollars in cash that, if approved by both the U.S. Court and the Canadian Court (collectively, the “Courts”) and subject to other conditions of the Settlement being satisfied, i.e., the Effective Date (as defined in ¶ 67 of the Notice) occurs, will resolve all claims asserted in the respective Actions.

Please be advised that your rights will be affected and that you may be eligible for a payment from the Settlement if you are a member of one or both of the Classes. The full definitions of the Classes are set forth in ¶ 30 of the NoticePlease be sure to review the Notice to fully understand your rights.

Each Court held a hearing to determine: (i) whether the proposed Settlement should be approved; (ii) whether the Action before it should be dismissed with prejudice; (iii) whether the proposed Plan of Allocation should be approved; and (iv) whether the applicable application for an award of attorneys’ fees and reimbursement of expenses should be approved.  The hearing in the U.S. Action was held on September 17, 2013 at 1:00 p.m. in Courtroom 15A of the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007-1312, and the hearing in the Canadian Action was held on September 13, 2013 at 10:00 a.m. at Osgoode Hall, 130 Queen Street West, Toronto, Ontario, M5H 2N5. The Settlement was approved by both Courts.

Disclaimer

IMPORTANT: THIS SITE IS NOT OPERATED BY SMART TECHNOLOGIES, INC.  THE SETTLEMENT IS SUPERVISED BY LEAD COUNSEL.  THE CLAIMS ADMINISTRATOR HANDLES ALL ASPECTS OF CLAIM PROCESSING.  THIS IS THE AUTHORIZED WEBSITE FOR THIS SETTLEMENT.  PLEASE DO NOT RELY UPON OTHER SITES THAT SET OUT DIFFERENT AND UNAUTHORIZED INFORMATION.

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