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This is a status report update on the Lucent Medical Settlement as of January 6, 2012:
On Friday, January 6, 2012, the attorneys for the retirees filed a Second Status Report Re: Settlement Distribution to update the Court on the progress of the settlement distribution and the investigation of the 450 households where eligibility has not yet been finally determined.
As detailed in the Report, as of January 4, 2012, class members have cashed a total of 43,979 settlement checks, representing 82.9% of the checks issued and 85.3% of the funds distributed. The Report provides additional information about the steps being taken for the remaining checks and about the ongoing investigation of the remaining 450 households.
THE LUCENT RETIREES ORGANIZATION (LRO)
was chartered in January 2003 in the state of New York. Its purpose is to address the interests of 127,000 individuals under the Lucent pension plan that embodies all Lucent and Bell Labs retirees, including those who retired when the company was known as Western Electric and/or AT&T Network Systems, plus subsidiaries such as Teletype and Sandia.
The LRO was formed to leverage members' Lucent stock ownership power, their long-standing and influential relationships not only with Lucent but with Lucent's customers and their influence with lawmakers and regulators. The LRO wants to assist Lucent in returning to its former position as the premier telecommunications leader in the world.
The organization endeavors to safeguard the pensions and benefits that Lucent has committed to provide its retirees, spouses and dependents. In addition, the LRO helps its members and their families with issues relating to their pensions, benefits, Social Security, Medicare and other aspects that impact their quality of life.
We currently have over 12,000 members. LRO membership is open to current retirees with a Lucent pension, a person vested for a Lucent pension, or the spouse of any such retiree or vested person. The LRO is incorporated as a non-profit organization. 'JOIN US' to become an LRO member.
We regularly inform members by email about important news. If you have mistakenly 'unsubscribed' to one of our emails, you will no longer hear from us unless you re-subscribe. To re-subscribe, enter your email address and click on the box below. If you are not a member of the LRO, click here to join.
