Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

UNITED MICROELECTRONICS CORP (UMC) Class Action Lawsuit (March 2019)

Closed

1:19cv2304 • March 14, 2019

Class Period Start

October 28, 2015

Class Period End

November 1, 2018

PSLRA Deadline

May 13, 2019

Case Allegations

10b5

Statutes of Repose

Oct 28, 2018

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

January 8, 2021

Settlement Fund

$3,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that PURCHASED OR OTHERWISE ACQUIRED THE AMERICAN DEPOSITARY SHARES OF UNITED MICROELECTRONICS CORPORATION DURING THE PERIOD FROM OCTOBER 28, 2015 TO NOVEMBER 1, 2018, INCLUSIVE

Claim Administrator

Analytics Consulting, LLC
UMC Securities Litigation Claims Administrator, Analytics Consulting LLC P.O. Box 2007 Chanhassen, MN 55317-2007
+1 855-917-4968
[email protected]

Hearing Date

January 15, 2021

Opt-out Deadline

December 16, 2020

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 5, 2022

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

May 3, 2021

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Aug 28, 2020

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jul 28, 2020

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Sep 27, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in UNITED MICROELECTRONICS CORP. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Sep 6, 2019

Scheduling Order

May 23, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Mar 14, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in UNITED MICROELECTRONICS CORP.

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