News
Update as of 02/14/07
On September 15, 2006, the Settlement Center issued Percentage of Revenue payments to Eligible Class Members who own cable-side property that adjoins a corridor for which Thoroughbred Technology and Telecommunications, LLC received payment for the sale or leasing of more than three fiber conduits.
Update as of 09/30/05
On
September 30, 2005, the Court entered an Order Denying in Part and Granting
in Part Plaintiffs' and Defendant's Motions Interpreting Percentage-of-Revenue
Payments and Related Issues. To view a copy of the Order, please visit the
Legal Documents section of this website.
Update as of 12/6/04
On
December 6, 2004, the Settlement Center continued the payment of benefits to cable-side
class members who have submitted a timely and complete Claim Form for the
following Settlement Corridors.
·
Segment 6 Detroit,
MI – Toledo, OH
·
Segment 8 Chicago,
IL – Alexandria, VA
Update as of 9/14/04
On September 13, 2004, the Settlement Center commenced the payment
of benefits to cable-side class members who have submitted a timely and
complete Claim Form for the following Settlement Corridors.
·
Segment 1 Atlanta,
GA – Jacksonville, FL
·
Segment 2 Atlanta,
GA – Chattanooga, TN
·
Segment 4 Chattanooga,
TN – Memphis, TN *
·
Segment 7 Atlanta,
GA – Charlotte, NC **
* The southwest side of Hamilton County, TN, and all counties west
to Shelby County, TN, are non-cable and will not receive cash compensation.
** The west side of Gwinnett County, GA, and all counties
northeast to Mecklenburg County, NC, are non-cable and will not receive cash
compensation.
The Settlement Center anticipates initiating the payment of benefits to cable-side
class members who have submitted a timely and complete Claim Form for the
following Settlement Corridors during the month of November.
·
Segment 6 Detroit,
MI – Toledo, OH
·
Segment 8 Chicago,
IL – Alexandria, VA
Update as of 8/27/04
On September 13, 2004, the Settlement Center will commence the
payment of benefits to cable-side class members who have submitted a timely and
complete Claim Form for the following Settlement Corridors.
·
Segment 1 Atlanta,
GA – Jacksonville, FL
·
Segment 2 Atlanta,
GA – Chattanooga, TN
·
Segment 4 Chattanooga,
TN – Memphis, TN *
·
Segment 7 Atlanta,
GA – Charlotte, NC **
* The southwest side of Hamilton County, TN, and all counties west
to Shelby County, TN, are non-cable and will not receive cash compensation.
** The west side of Gwinnett County, GA, and all counties
northeast to Mecklenburg County, NC, are non-cable and will not receive cash
compensation.
The Settlement Center anticipates initiating the payment of
benefits to cable-side class members who have submitted a timely and complete
Claim Form for the following Settlement Corridors during the month of November.
·
Segment 6 Detroit,
MI – Toledo, OH
·
Segment 8 Chicago,
IL – Alexandria, VA
Update as of 6/14/04
Non cable-side class members were noticed on June 14, 2004 for the following Settlement Corridors.
·
Segment 3 Chattanooga,
TN – Cincinnati, OH
·
Segment 4 Chattanooga,
TN – Memphis, TN *
·
Segment 5 Cincinnati,
OH – Bellevue, OH
·
Segment 7 Atlanta,
GA – Charlotte, NC **
·
Segment 9 Cleveland,
OH – Crayton, PA
* The southwest side of Hamilton County, TN, and all
counties west to Shelby County, TN only
** The west side of Gwinnett County, GA, and all counties
northeast to Mecklenburg County, NC only
Update as of 3/8/04
Cable-side and non cable-side class members were noticed on
March 8, 2004 for the following Settlement Corridors.
·
Segment 6 Detroit,
MI – Toledo, OH
·
Segment 8 Chicago,
IL – Alexandria, VA
The Settlement Center anticipates initiating the notification
of benefits for non cable-side class members in the coming months for the
following Settlement Corridors.
·
Segment 3 Chattanooga,
TN – Cincinnati, OH
·
Segment 4 Chattanooga,
TN – Memphis, TN *
·
Segment 5 Cincinnati,
OH – Bellevue, OH
·
Segment 7 Atlanta,
GA – Charlotte, NC **
·
Segment 9 Cleveland,
OH – Crayton, PA
* The southwest side of Hamilton County, TN, and all
counties west to Shelby County, TN only
** The west side of Gwinnett County, GA, and all counties
northeast to Mecklenburg County, NC only
Update as of 12/15/03
The notification of benefits for
cable-side and non-cable side class members commenced on December 15, 2003 for
the following Settlement Corridors.
·
Segment 1 Atlanta,
GA – Jacksonville, FL
·
Segment 2 Atlanta,
GA – Chattanooga, TN
·
Segment 4 Chattanooga,
TN – Memphis, TN *
·
Segment 7 Atlanta,
GA – Charlotte, NC **
* The southwest side of Hamilton County, TN, and all
counties west to Shelby County, TN, have not been noticed. Class members in this area will be
noticed in the first quarter of 2004.
** The west side of Gwinnett County, GA, and all counties
northeast to Mecklenburg County, NC, have not been noticed. Class members in this area will be
noticed in the first quarter of 2004.
The Settlement Center anticipates initiating the
notification of benefits for cable-side and non-cable side class members in the
first quarter of 2004 for the following Settlement Corridors.
·
Segment 3 Chattanooga,
TN – Cincinnati, OH
·
Segment 5 Cincinnati,
OH – Bellevue, OH
·
Segment 6 Detroit,
MI – Toledo, OH
·
Segment 8 Chicago,
IL – Alexandria, VA
·
Segment 9 Cleveland,
OH – Crayton, PA
Update as of 4/29/03
No petition for review of the
October 29, 2002, decision of the United States Court of Appeals was filed with
the United States Supreme Court by the deadline of February 24, 2003. Consequently, the decision of the
United States District Court for the Southern District of Indiana approving the
Fiber Optic I Settlement is final.
Settlement Class Members can expect to begin receiving Benefits Notices
in the coming months.
Benefit notices will be distributed first to
Settlement Class Members who own land adjacent to those Settlement Corridors in
which telecommunications cable has been installed. Telecommunications cable has been installed in all or part
of the following Settlement Corridors:
·
Segment 1
·
Segment 2
·
Segment 6
·
Segment 7
·
Segment 8
· Segment 9 Harrisburg, PA – Alexandria, VA
On October 29, 2002, the United States Court of Appeals affirmed
the decision of the United States District Court for the Southern District of
Indiana and on November 26, 2002, denied a motion for rehearing. The
deadline for filing a petition to the United States Supreme Court for review of
the decision of the Court of Appeals is February 24, 2003. Such a
petition would delay the distribution of compensation to Class Members.
The length of the delay would depend on the United States Supreme Court and
cannot be predicted.
If no petition to the United States Supreme Court is filed,
Settlement Class Members will begin to receive Benefits Notices some time after
March 26, 2003. The Benefits Notice will include the following
information: (i) the amount of linear feet a Settlement Class Member is
determined to own on a Settlement Corridor; (ii) the amount of linear feet, if
any, that a Settlement Class Member owns on the Cable Side of a Settlement
Corridor; (iii) if a Settlement Class Member owns footage on the Cable Side of
a Settlement Corridor, the amount of cash compensation the Settlement Class
Member is entitled to receive when the compensation becomes due; and (iv) the
number of membership interests in Class Corridor LLC a Settlement Class Member
is entitled to receive when such interests are issued.
Update as of 4/05/02
The argument on the appeal of the Settlement Agreement took
place in Chicago, Illinois, on April 3, 2002, before a panel of judges from the
United States Court of Appeals. We are awaiting a ruling from the Court.
Update as of 3/28/02
The Fiber Optic Fund I Settlement is still on appeal. However, a
Court hearing has been scheduled for Wednesday, April 3, 2002, in the U.S.
Court of Appeals for the Seventh Circuit. This hearing may determine whether or
not the appeal will be dismissed.
The results of this hearing will be posted to the website.
Update as of 10/19/01
The following statement has
been prepared by Class Counsel and posted at the request of Class Counsel:
The Fairness Hearing held on August 21, 2001, was successful and the Honorable Sarah Evans Barker of the United States District Court for the Southern District of Indiana approved the Settlement by orders entered on August 28, 2001, and September 5, 2001. Two Class Members, however, filed objections and were represented by counsel at the August 21st hearing. The Court rejected their objections, and one Class Member filed an appeal to the U.S. Court of Appeals for the Seventh Circuit. This appeal will delay the distribution of compensation to Class Members.