If you purchased the securities of Homeland Safety International, Inc., f/k/a Sniffex, Inc., between May 2005 and April 2006, you may be eligible for distribution from the Homeland Safety International Fair Fund
SEATTLE, March 30, 2022 /PRNewswire/ -- On July 15, 2008, the Securities and Exchange Commission ("SEC" or "Commission") filed a complaint against Homeland Safety International, Inc. f/k/a Sniffex, Inc. ("Homeland Safety" or "Sniffex") and six other defendants (collectively, the "Defendants"). The SEC alleged that from approximately October 2004 through April 2006, Defendants engaged in a fraudulent promotional campaign to inflate the price and trading volume of Homeland Safety's, then known as Sniffex, stock. On January 10, 2020, the United States District Court for the Northern District of Texas, Dallas Division (the "Court") established a Fair Fund pursuant to Section 308(a) of SOX, so that the $1.6 million paid along with accrued interest and earnings thereon (the "Fair Fund") can be distributed to investors who were harmed by the Defendants' fraudulent conduct.
Company (Trading Symbols) [Relevant Period start and end dates (inclusive)]:
- Homeland Safety International, Inc. (HSFI, SNFX) [5/17/2005 through 4/6/2006]
On January 10, 2020, the Court appointed Miller Kaplan Arase LLP as Tax Administrator and, on January 14, 2020, appointed JND Legal Administration as Distribution Agent (the "Distribution Agent"). On February 16, 2022, the Court approved a plan for the distribution of the Homeland Safety International Fair Fund (the "Plan"). The Plan is publicly available at www.HomelandSafetyFairFund.com, as well as on the SEC's webpage for this matter https://www.sec.gov/divisions/enforce/claims/homeland-safety-international.htm.
If you purchased the security set forth above during the Relevant Period and would like to be considered for eligibility for a distribution from the Homeland Safety International Fair Fund, you must submit a completed and signed Claim Form, including adequate supporting documentation of your purchases and a completed tax certification, to the Distribution Agent by the Filing Deadline.
The Claim Form is available at www.HomelandSafetyFairFund.com. You may send your Claim Form to the Distribution agent; Claim Forms must be postmarked no later than June 16, 2022 if sent by First Class Mail; and if not by First Class Mail, received by the Distribution Agent by June 16, 2022.
Homeland Safety International Fair Fund
c/o JND Legal Administration
PO Box 91240
Seattle, WA 98111
Brokers, Dealers and other nominees that may have records of purchasers of the Securities during the Relevant Period must notify the respective beneficial owners within fourteen (14) days of receipt of the Claims Packet so that beneficial owners may timely file a claim or provide to the Distribution Agent within fourteen (14) days of receipt a list of last known names and addresses for all beneficial owners for whom the record holders purchased the Securities during the Relevant Period.
Additional information regarding the Homeland Safety International Fair Fund, including the Distribution Plan, the Distribution Plan Notice, the Claim Form, relevant deadlines, and related materials are available on the Distribution Website at www.HomelandSafetyFairFund.com. You may obtain additional information or request copies of the Claim Form by contacting the Distribution Agent toll-free at (833) 636-2110, emailing [email protected], or writing to:
Homeland Safety International Fair Fund
c/o JND Legal Administration
PO Box 91240
Seattle, WA 98111
Please check the website www.HomelandSafetyFairFund.com frequently for updates. For any questions, visit www.HomelandSafetyFairFund.com, call toll-free 1-833-636-2110 or email [email protected].
SOURCE JND Legal Administration
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