Class Action Alert: Becker v. Bank of New York Mellon Notice of Pendency of Class Action

9/27/2017 - By Order dated September 14, 2017, the Court approved the proposed form, content, and manner of giving notice to potential class members that a Class had been certified in Becker v. The Bank of New York Mellon Trust Company, N.A., et al., Civil Action No. 11-cv-6460.  The “Notice of Pendency of Class Action” (the “Notice”), available here, describes the action and class members’ related rights in detail.  The “Class” is defined as:

All persons or entities who purchased or otherwise acquired the bonds identified as the Borough of Langhorne Manor Higher Education and Health Authority Hospital Revenue Bonds, Series of 1992 (The Lower Bucks Hospital), and who are holders of an Allowed Class A3 Claim pursuant to Section 5.1.3.(a)(ii) of the Plan for Reorganization of Lower Bucks Hospital, which plan was confirmed under Chapter 11 of the Bankruptcy Code.

The record date for holders of an Allowed Class A3 is December 7, 2011.  If you fall within the definition of the Class and wish to remain a member of the Class, you do not need to do anything at this time.  If you are a member of the Class and wish to be excluded from the Class, you must submit a request for exclusion.  All requests for exclusion must conform to the requirements set forth in the Notice and be postmarked no later than November 14, 2017. 

For a more detailed description of the Court’s class certification decision, please click here.