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FalconStor Software Class Action Settlement of Burns v. FalconStor Securities Fraud Lawsuit

If You Purchased FalconStor Stock Between March 12, 2008 and September 29, 2010 and Suffered Investment Losses Due To A Decline in Value of FalconStor Common Stock, You May Be Entitled To Recover Money From The FalconStor Software Securities Fraud Class Action Lawsuit Settlement.

FalconStor Software, Inc. (“FalconStor”) and certain of its former officers and directors (collectively “Defendants”) have reportedly agreed to a proposed settlement of a securities fraud class action lawsuit against FalconStor Software et al in the U.S. District Court for the Eastern District of New York (styled as Burns v. FalconStor Software, Inc., et al, Case No. 10-CV-4572 (ERK)(CLP)) alleging, among other things, that FalconStor Software et al violated the federal securities laws by issuing false Sarbanes-Oxley Act certifications with FalconStor’s financial statements in connection with an alleged bribery scheme, according to the Burns v. FalconStor Software Securities Fraud class action settlement notice.

FalconStor Software settlement class members reportedly include, unless otherwise excluded, all persons who purchased FalconStor Stock between March 12, 2008 and September 29, 2010, inclusive, and suffered losses in their investment due to the decline in the value of FalconStor common stock.

Under the FalconStor Software securities fraud Class Action Lawsuit Settlement, FalconStor has agreed to create a settlement fund of $5 million for the benefit of the settlement class.  Settlement class members must file a Proof of Claim and Release form to qualify for a settlement payment.

For more information regarding the FalconStor Software Securities Fraud Class Action Lawsuit Settlement, settlement class members can call the Claims Administrator, Strategic Claims Services at (866) 274-4004, send a fax to (610) 565-7985, write to FalconStor Software Securities Litigation Claims Administrator c/o Strategic Claims Services 600 North Jackson Street—Suite 3, P.O. Box 230, Media, PA 19063 or visit the Falcon Stor Software settlement website at www.strategicclaims.net

If You Have Thoughts On The FalconStor Software Securities Fraud Class Action Settlement, Share Your FalconStor Software Class Action Settlement Comments Below.

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