RenaissanceRe Holdings, Ltd.
On February 6, 2007, the SEC filed a settled enforcement action against RenaissanceRe Holdings, Ltd. in connection with alleged violations of the antifraud and other provisions of the federal securities laws. As part of the settlement, RenRe agreed to pay $15,000,001 into a fund for the potential benefit of defrauded RenRe investors. For more information about the SECís action, see Litigation Release No. 19989 (Feb. 6, 2007).
RenRe deposited the settlement amount into the registry of the court where it has been earning interest. On May 18, 2009, the SEC filed a motion to distribute the funds in connection with the distribution of a settlement fund established in the private securities class action pending against RenRe in the United States District Court for the Southern District of New York, In re RenaissanceRe Holdings Ltd. Securities Litigation, Civil Action No. 05 Civ. 6764 (WHP). Copies of the SECís motion, filed in the SEC action captioned SEC v. RenaissanceRe Holdings Ltd., Civil Action No. 07 Civ. 865 (GEL), in the United States District Court for the Southern District of New York, may be obtained through the courtís PACER public access system (pacer.psc.uscourts.gov) or upon written request to:
By Order dated June 29, 2009, the Court in the SEC action established a twenty-day comment period. Any person or entity who wishes to comment or object to the SECís motion to distribute the funds in connection with the private class action distribution must file written comments or objections with the Court in SEC v. RenaissanceRe Holdings Ltd., Civil Action No. 07 Civ. 865 (GEL). Any comments or objections must be filed no later than July 20, 2009.
Any comments or objections filed with the Court must be sent on the same day by first-class mail or overnight delivery service to both: