National Lampoon, Inc. Shareholder Class Action

You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of June 13, 2012 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, FOLLOW THE DIRECTIONS IN THE "PROOF".

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
National Lampoon
Case Name: 
National Lampoon Class Action 12/03/2010
Case Status: 
Lawsuit Filed
Case Status: 
Settlement Proposed
Affected Securities
OTC: NLMP
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
12/03/2010
Class Period Begin: 
03/01/2008
Class Period End: 
12/15/2008
Date Settled: 
06/18/2012
Settlement Amount: 
$1,000,000
Deadline to Participate in Settlement: 
06/13/2012
Settlement Notice: 
application/pdf iconNational_Lampoon_Notice_2012.pdf
Settlement Proof: 
application/pdf iconNational_Lampoon_Proof_2012.pdf
Summary: 

MARCH 2012 - According to the Notice:

If approved by the Court, the settlement will provide $1,000,000 (the “Settlement Amount”), to pay claims of investors who purchased National Lampoon Stock during the period from March 1, 2008 through and including December 15, 2008 (the “Class Period”).

The Settlement represents an average recovery of $0.54 per share of National Lampoon Stock for the 1.85 million shares estimated to have suffered damages during the Class Period. A share may have been traded more than once during the Class Period. This estimate solely reflects the estimated average recovery per damaged share of National Lampoon Stock. The indicated average recovery per share will be the total average recovery for all purchasers of that share. This is not an estimate of the actual recovery per share you should expect. Your actual recovery will depend on the aggregate losses of all Class Members, the date(s) you purchased and sold National Lampoon Stock, and the total number and amount of claims filed.

What is this lawsuit about?

The case is known as Ansell v. Laikin, et al., No. CV 10-09292 PA (AGRx) (the “Litigation”), and the Court in charge of the case is the United States District Court for the Central District of California, Western Division.

The Class Action asserts that Defendants violated the federal securities laws in connection with Defendant Laikin’s Stock Manipulation Scheme; the Non-Disclosure of the Stock Manipulation Scheme; and, with respect to Defendants Laikin, Durham, Levy, Jimirro, Murray, Toll, and Evanoff, as control persons over National Lampoon during the Class Period. The Settling Defendants deny they did anything wrong. The Settlement resolves all of
the claims in the Class Action.