Purchasers of Converium Common Stock and ADSs May be Entitled to Payment from
an SEC Fair Fund


    


    
</pre>
<p>LAKE OSWEGO, Ore., <span class="xn-chron">April 12</span> /CNW/ -- The following statement is being issued by The Garden City Group, Inc. regarding the SEC v. <span class="xn-location">Zurich</span> Financial Services case.</p>
<pre>
    

    UNITED STATES DISTRICT COURT
    SOUTHERN DISTRICT OF NEW YORK
    Securities and Exchange Commission
    v.
    Zurich Financial Services
    Case No. 08 Civ. 10760 (WHP)

    SUMMARY NOTICE OF DISTRIBUTION OF FAIR FUND

    
</pre>
<p>IF YOU PURCHASED COMMON STOCK OR ADSs OF CONVERIUM HOLDING AG, NOW KNOWN AS SCOR HOLDING (<span class="xn-location">SWITZERLAND</span>) LTD. ("CONVERIUM"), BETWEEN <span class="xn-chron">DECEMBER 11, 2001</span> AND <span class="xn-chron">NOVEMBER 4, 2005</span>, YOU MAY BE ELIGIBLE FOR COMPENSATION</p>
<p/>
<p>The Securities and Exchange Commission ("SEC") alleged in a complaint that <span class="xn-location">Zurich</span> Financial Services ("<span class="xn-location">Zurich</span>") aided and abetted violations by Converium by inflating improperly its financial performance.  Pursuant to the Court's final judgment against <span class="xn-location">Zurich</span>, to which <span class="xn-location">Zurich</span> consented without admitting or denying the allegations in the SEC's Complaint, <span class="xn-location">Zurich</span> paid a total of <span class="xn-money">$25,000,001</span> to the Court. Those funds, plus interest, comprise the Fair Fund (the "Fund") and will be distributed to eligible claimants.</p>
<pre>
    

    WHO IS ELIGIBLE FOR COMPENSATION?

    
</pre>
<p>You may be eligible for compensation if you (a) purchased common stock (ordinary shares) or American Depositary Shares ("ADSs") of Converium from <span class="xn-chron">December 11, 2001</span> until, for purchasers of Converium common stock, the open of the Swiss markets on <span class="xn-chron">November 4, 2005</span> and, for purchasers of Converium ADSs, the open of the U.S.A. markets on <span class="xn-chron">November 4, 2005</span> and (b) held Converium common stock as of the open of the Swiss markets on <span class="xn-chron">November 4, 2005</span> and/or held Converium ADSs as of the open of the U.S.A. markets on <span class="xn-chron">November 4, 2005</span>.</p>
<p/>
<p>Certain persons, including certain persons affiliated with <span class="xn-location">Zurich</span> and Converium, are excluded from participation.  If you are not sure whether you are eligible to share in the Fund, you can get more information, including a detailed notice of the terms of the distribution, at <a href="http://www.ZurichSECsettlement.com">www.ZurichSECsettlement.com</a> and/or <a href="http://www.sec.gov">www.sec.gov</a>.</p>
<pre>
    

    HOW TO OBTAIN COMPENSATION

    
</pre>
<p>If you believe you are eligible, in order to share in the Fund you must submit a completed Proof of Claim so that it is received by the Claims Administrator no later than <span class="xn-chron">October 6, 2010</span>.  To obtain the detailed notice and claim form, visit <a href="http://www.ZurichSECsettlement.com">www.ZurichSECsettlement.com</a> or <a href="http://www.sec.gov">www.sec.gov</a>, or call the telephone numbers listed below.</p>
<p/>
<p>You may file a claim online at the Fair Fund website, <a href="http://www.ZurichSECsettlement.com">www.ZurichSECsettlement.com</a>, or mail a claim form to the following address: SEC v. <span class="xn-location">Zurich</span> Financial Services Fair Fund, c/o The Garden City Group, Inc., P.O. Box 9547, Dublin, OH 43017-4847.</p>
<pre>
    

    You will not be charged for participating in the distribution of the Fund.

    
</pre>
<p>If you submit a timely, eligible claim, your recovery, if any, will depend on the number and dollar amount of valid claims submitted, how many shares of Converium common stock or ADSs you purchased, and when you bought, sold or held them.  The entire Fund will be distributed pursuant to the orders of the Court.</p>
<pre>
    

    CLAIM FILING DEADLINE

    
</pre>
<p>All Proofs of Claim must be received by the Claims Administrator no later than <span class="xn-chron">October 6, 2010</span>.</p>
<pre>
    

    ADDITIONAL INFORMATION

    
</pre>
<p>Additional information, including copies of the Notice and Proof of Claim form, may be found at the Fund website, <a href="http://www.ZurichSECsettlement.com">www.ZurichSECsettlement.com</a>.  You can also obtain additional information or request copies of forms by contacting the Claims Administrator by email at <a href="mailto:Questions@ZurichSECsettlement.com">Questions@ZurichSECsettlement.com</a>, or by calling the following toll-free numbers: For <span class="xn-location">Germany</span>, <span class="xn-location">Luxembourg</span>, the <span class="xn-location">Netherlands</span>, <span class="xn-location">Switzerland</span> and the UK:  00 800 776 86269; for Canada: 1.866.621.7018; for the US and its Territories: 1.866.621.7018. Or you can call the following number, which is not toll-free: 1.941.906.4758.</p>
<pre>
    



    

For further information: For further information: Jeanne Finegan, The Garden City Group, Inc., +1-503-906-5301 Web Site: http://www.zurichsecsettlement.com

Organization Profile

THE GARDEN CITY GROUP, INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890