QIMONDA – up to $35 Million Settlement

Update 4/21/17

On February 20, 2009, Raisner Roupinian LLP filed suit against Qimonda North America Corp. (“QNA”), and Qimonda Richmond, LLC (“QR”), seeking to recover 60 days wages and benefits under the Worker Adjustment and Retraining Notification Act (the WARN Act). We contend Qimonda ordered mass layoffs on or about February 4, 2009 without providing the employees with advance written notice. The suit also includes claims based on employees’ entitlements to severance.

On August 10, 2011, the Court held a Final Fairness Hearing and approved the final settlement. The settlement will be distributed to the class in installments. The initial distribution of approximately $8.5 million dollars, less attorneys’ fees, expenses and applicable tax withholding, was mailed to the class by the settlement administrator on October 18, 2011. The second distribution of approximately $2.5 million dollars, less attorneys’ fees, expenses and applicable tax withholding, was mailed to the class by the settlement administrator on September 7, 2012. The third distribution of approximately $5.3 million dollars, less attorneys’ fees, expenses and applicable tax withholding, was mailed to the class by the settlement administrator July 2013. The fourth distribution of approximately $2.9 million dollars, less attorneys’ fees, expenses and applicable tax withholding, was mailed to the class by the settlement administrator April 2014. The fifth distribution of approximately $1.7 million dollars, less attorneys’ fees, expenses and applicable tax withholding, was mailed to the class by the settlement administrator February 2015. Additional distributions will be made to the Class as assets are recovered and available to pay general unsecured creditors in the QNA and QR Estates.

Class members will have six months from the date of issuance of each round of settlement checks to deposit or negotiate their check or risk reversion of the funds to the QNA Estate. If you have changed your mailing address over the past year, please call or email us your current mailing address immediately. Our contact information is below.

If you have any questions regarding this matter or to update your address and telephone number, please do so by completing the contact us form