in re covad communications group, inc. initial...

Case 1:01-cv-05834-SAS Document 49 Filed 11/30/09 of 30

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

Civil Action No. 21 MC 92 (SAS) IN RE INITIAL PUBLIC OFFERING SECURITIES LITIGATION

01 Civ. 5834

This Document Relates To: In re Covad Communications Group, Inc. IPO Sec. Litig.

U/3O10 ORDER AND FINAL JUDGMENT

On the 10th day of September, 2009, a hearing having been held before this Court to

determine: (1) whether the terms and conditions of the Stipulation and Agreement of Settlement

dated April 1, 2009 (the "Stipulation") are fair, reasonable, and adequate for the settlement of all

claims asserted by the Settlement Classes against the Defendants in the respective operative

Complaints now pending in the Actions in this Court (including the above-referenced Action)

under the captions listed on Exhibit A to the Stipulation, including the release of the Defendants

and the Protected Persons from the Settled Claims, and should be approved; (2) whether

judgment should be entered dismissing the Complaints as against the Defendants in each of the

respective Actions only, on the merits and with prejudice in favor of the Defendants and as

against all persons or entities who are members of the respective Settlement Classes in such

Actions who have not requested exclusion therefrom; (3) whether to approve the proposed

Designation and Plan of Allocation as a fair and reasonable method to allocate the settlement

proceeds among the cases and the members of the Settlement Classes; (4) whether and in what

amount to award Plaintiffs' Counsel fees and reimbursement of expenses; and (5) whether and in

what amount to award the proposed Settlement Class Representatives and/or Lead Plaintiffs

reasonable time and expense reimbursement (including lost wages) incurred as a result of their


representation of the Settlement Classes ("PSLRA Award Requests"). The Court having

considered all matters submitted to it at the hearing and otherwise; and it appearing that a notice

of the hearing substantially in the form approved by the Court was mailed to all persons or

entities reasonably identifiable who purchased or otherwise acquired the Subject Securities set

forth on Schedule ito the Notice of Pendency and Proposed Global Settlement of 309 Class

Actions, Motion for Approval of Settlement, Plan of Allocation, Attorneys' Fees and Expenses,

PSLRA Awards of Reimbursement of Representatives' Time and Expenses and Settlement

Fairness Hearing (the "Settlement Notice") in the date ranges set forth in said Schedule I (the

"Settlement Classes" or "Settlement Class Periods"), as shown by the records of the Issuers'

transfer agents at the respective addresses set forth in such records, and that a summary notice of

the hearing substantially in the form approved by the Court was published in the national

editions of The Wall Street Journal, USA Today, and The New York Times, and once over the PR

Newswire pursuant to the specifications of the Court, and copies of the Settlement Notice were

mailed to all persons or entities who were identified as potential class members in connection

with the previously terminated settlement or who requested copies as a result of the publication

notice or otherwise, and copies of the Settlement Notice were also made available at

www.iposecuritieslitigation.com ; and the Court having considered and determined the fairness,

reasonableness and adequacy of the Settlement, the proposed Designation and Plan of

Allocation, and the fairness and reasonableness of the award of attorneys' fees and expenses

requested and the PSLRA Award Requests; and all initial capitalized terms used herein having

the meanings as set forth and defined in the Stipulation.

NOW, THEREFORE, IT IS HEREBY ORDERED, ADJUDGED AND DECREED

THAT:

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The Court has jurisdiction over the subject matter of this Action, the Lead

Plaintiff(s), Proposed Settlement Class Representative(s), all Settlement Class Members, and the

Defendants, in this Action.

2. The Court finds for the purposes of the Settlement only that the prerequisites for

certification of this Action as a class action under Rule 23 (a) and (b)(3) of the Federal Rules of

Civil Procedure have been satisfied in that in this Action: (a) the number of Settlement Class

Members herein is so numerous that joinder of all members thereof is impracticable; (b) there are

questions of law and fact common to the members of the Settlement Class herein; (c) the claims

of the Settlement Class Representative(s) herein are typical of the claims of the Settlement Class

sought to be represented; (d) the Settlement Class Representative(s) and Plaintiffs' Executive

Committee have fairly and adequately represented, and will fairly and adequately represent, the

interests of the Settlement Class herein; (e) questions of law and fact common to the remaining

members of the Settlement Class herein predominate over questions affecting only individual

remaining members of the Settlement Class herein; and (f) a class action is superior to other

available methods for the fair and efficient adjudication of the remaining controversy in this

Action.

Pursuant to Rule 23 of the Federal Rules of Civil Procedure and for the purposes

of the Settlement only, this Court hereby finally certifies this Action as a class action on behalf

of all persons who purchased or otherwise acquired the common stock (the "Subject Security")

of Covad Communications Group, Inc. ("Covad Comm.") during the period January 21, 1999

through December 6, 2000 (the "Covad Comm.Settlement Class"). Excluded from the Covad

Comm. Settlement Class herein are: (a) each Person, other than a Natural Person, that was

identified as a recipient of an allocation of shares from the "institutional pot" in the IPO or Other


Charged Offering of any of the 309 Subject Securities, according to a list derived from the final

"institutional pot" list created at the time of each IPO or Other Charged Offering by the lead

Underwriter in that Offering ("Excluded Allocants"); (b) (i) each Person that currently is or

previously was a named defendant in any of the 309 Actions (hereafter "Named Defendant");

(ii) any attorney who has appeared in the Actions on behalf of a Named Defendant; (iii)

members of the immediate family of any Named Defendant, (iv) any entity in which any

Excluded Allocant or Named Defendant has or during any of the class periods had a majority

interest; (v) the legal representatives, heirs, successors or assigns of any Excluded Allocant or

Named Defendant; and (vi) any director, officer, employee, or beneficial owner of any Excluded

Allocant or Named Defendant during any of the Settlement Class Periods. Notwithstanding the

prior sentence, a person shall not be excluded from the Covad Comm. Settlement Class herein

merely by virtue of his, her or its beneficial ownership of the securities of a publicly-traded

Excluded Allocant or Named Defendant. Also excluded from the Covad Comm. Settlement

Class herein are the persons and/or entities who requested exclusion from every Settlement Class

as listed on Exhibit 1 annexed hereto and the following persons and/or entities who requested

exclusion from the Covad Comm. Settlement Class: Chauncey Bryant, Cassa Lombarda SpA,

Barbara G. Fiero & Robert S. Fiero (Joint Acct.), Robert S. Fiero (Individual Acct.), Marlene P.

Heider, John F. Lane, Peter Mulcrone and Eugene Needham.

4. Pursuant to Rule 23 of the Federal Rules of Civil Procedure and for the purposes

of the Settlement only, the Proposed Settlement Class Representative(s) herein, Gordon L.

Bailey, Neils Peter Christenson and Rolando A. Borromeo, are finally certified as Settlement

Class Representative(s) in this Action; and the firms comprising the Plaintiffs' Executive

Committee are finally certified as Class Counsel in this Action.


5. Notice of the pendency of the Actions as class actions and of the proposed

Settlement was given to all Members of the Settlement Classes in all 309 Actions who could be

identified with reasonable effort, including all members of the Covad Comm. Settlement Class

herein. The form and method of notifying the Covad Comm. Settlement Class of the pendency

of this Action as a class action and of the terms and conditions of the proposed Settlement,

including the use of a separate website to identify the alleged artificial inflation amounts and end

of Class Period holding price for the Subject Security, met the requirements of Rule 23 of the

Federal Rules of Civil Procedure, Section 27 of the Securities Act of 1933, 15 U.S.C. § 77z-

1(a)(7) as amended by the Private Securities Litigation Reform Act of 1995, Section 21D(a)(7)

of the Securities Exchange Act of 1934, 15 U.S.C. § 78u-4(a)(7) as amended by the Private

Securities Litigation Reform Act of 1995, due process, Rule 23.1 of the Local Civil Rules of the

United States District Courts for the Southern and Eastern Districts of New York, and any other

applicable law, constituted the best notice practicable under the circumstances, and constituted

due and sufficient notice to all persons and entities entitled thereto.

6. The Settlement is approved as fair, reasonable and adequate for the settlement of

this Action, and the parties to the Stipulation are directed to consummate the Settlement in

accordance with the terms and provisions of the Stipulation.

Except to the extent waived by all parties in writing, the Settlement is conditioned

on entry of an Order and Final Judgment approving the settlements in each and every one of the

Actions.

The Complaints in this Action, which the Court finds were each filed on a good

faith basis in accordance with the Private Securities Litigation Reform Act of 1995 (the

"PSLRA") and Rule 11 of the Federal Rules of Civil Procedure, based upon publicly available


information, are hereby dismissed as against all Defendants in this Action and the Bankrupt

Issuers, with prejudice and, except to the extent costs are provided in the Stipulation, without

costs.

9. Except as provided in paragraphs 10 and 11 below, upon the Effective Date, Lead

Plaintiff(s), the Settlement Class Representative(s) and the Covad Comm. Settlement Class

Members in this Action, on behalf of themselves, their heirs, executors, administrators,

successors and assigns are hereby permanently barred and enjoined from filing, commencing,

prosecuting, intervening in or participating in, any and all Settled Claims against any and all of

the Protected Persons in the Actions or in any other proceeding. The Settled Claims are hereby

compromised, settled, released, discharged and dismissed as against the Protected Persons on the

merits and with prejudice by virtue of the proceedings herein and this Order and Final Judgment.

10. Lead Plaintiff(s), Proposed Settlement Class Representative(s) and the Covad

Comm. Settlement Class Members, upon the Effective Date, are hereby deemed to have

covenanted not to sue the Bankrupt Issuers or Lehman or prosecute any action against the

Bankrupt Issuers or Lehman with respect to any Bankrupt Issuers and Lehman Resolved Claims;

provided, however, that in the event that any Bankrupt Issuers and/or Lehman asserts a claim

against any Lead Plaintiff, Proposed Settlement Class Representative or Covad Comm.

Settlement Class Member that otherwise would have been released pursuant to this Paragraph 10,

such Lead Plaintiff, Proposed Settlement Class Representative or Covad Comm. Settlement

Class Member shall be permitted to assert defensively (up to the amount of any Bankrupt

Issuer's or Lehman's claim, as the case may be) all matters against any Bankrupt Issuer and/or

Lehman that would otherwise have been barred or released pursuant to this Paragraph.


11. The release and injunction referred to in Paragraphs 9 and 10 above shall not bar

any Covad Comm. Settlement Class Member from asserting in any other proceeding that conduct

with regard to the allocation of any shares to or by Protected Persons is relevant evidence in such

other proceeding, but shall bar Covad Comm. Settlement Class Members in their own right from

asserting a Settled Claim against the Protected Persons in that other proceeding. The Protected

Persons shall retain all rights and defenses with regard to any such assertion.

12. Upon the Effective Date, each of the Protected Persons (except Lehman and the

Bankrupt Issuers) are hereby deemed to have released and forever discharged the Settled

Defendant Claims in this Action, against any Covad Comm. Settlement Class Members,

directors and officers of any Covad Comm. Settlement Class Member, and the present and

former agents, attorneys and employees of any Covad Comm. Settlement Class Member, acting

in such capacity, and each of their respective successors and assigns to the fullest extent

permitted by law.

13. Upon the Effective Date, each of the Protected Persons (except Lehman and the

Bankrupt Issuers) is hereby deemed to have released and forever discharged the Settled Cross

Defendant Claims against any other Protected Person, to the extent described in Paragraphs 26

and 27 of the Stipulation, to the fullest extent permitted by law. Upon the Effective Date, the

Protected Persons are, to the fullest extent permitted by law, deemed to covenant not to sue the

Bankrupt Issuers and/or Lehman and/or a Protected Person or prosecute any action against the

Bankrupt Issuers and/or Lehman and/or a Protected Person with respect to any Settled Cross

Defendant Claims; provided, however, that in the event that a Bankrupt Issuer and/or Lehman

and/or a Protected Person asserts a claim against any Protected Person that otherwise would have

been released pursuant to this Paragraph, such Protected Person shall be permitted to assert

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defensively (up to the amount of the Bankrupt Issuer's and/or Lehman's and/or the Protected

Person's claim) all matters against the Bankrupt Issuers and/or Lehman and/or the Protected

Person that would otherwise have been barred or released pursuant to this Paragraph.

14. To the fullest extent permitted by law, the Protected Persons are hereby

discharged from all Claims Over by any person or entity, whether arising under state, federal or

common law, based upon, arising out of, relating to, or in connection with the Settled Claims of

any Covad Comm. Settlement Class Member. To the fullest extent permitted by law, the Court

hereby bars, enjoins and restrains commencement, enforcement or assertion of all such Claims

Over: (a) against the Protected Persons by any person (except Lehman); and (b) by the Protected

Persons (except Lehman) against any person or entity.

15. To effectuate the protection of Protected Persons contemplated by Paragraph 14

and to compensate for any impairment of any person's interest in barred Claims Over, the Court

orders that any judgment or award obtained by any shareholder of an Issuer or an Issuer on any

claim arising out of or reasonably flowing from the conduct alleged to be wrongful in these

Actions (except for Section 16(b) claims against any Defendant in litigations previously filed as

of the date of execution of the Stipulation), in this Court, in any federal or state court, or in any

other court, arbitration proceeding, administrative agency proceeding, or other forum in the

United States or elsewhere, including but not limited to claims against Lehman, shall be reduced

by the greater of (i) the amount that corresponds to the percentage of proportionate fault of

Protected Persons adjudged responsible or (ii) the amount allocated to the Action against that

Issuer under the Plan of Allocation in this Settlement.

16. The Defendants have denied and continue to deny any wrongdoing whatsoever.

This Order and Final Judgment shall in no event be construed or deemed to be evidence of or an


admission, presumption or concession on the part of any Protected Person of any fault, liability,

coverage or wrongdoing as to any facts or claims asserted in the Actions (or any infirmity in the

defenses that they have asserted or could assert in the Actions), or any other actions or

proceedings, and shall not be interpreted, construed, deemed, invoked, offered, or received in

evidence or otherwise used against a Protected Person in the Actions, or in any other action or

proceeding, whether civil, criminal or administrative. Notwithstanding anything contained herein

to the contrary, this Order and Final Judgment may be used by any Person to enforce its terms.

17. The proposed Plan of Designation' and Plan of Allocation are approved as fair

and reasonable, and Plaintiffs' Executive Committee and the Claims Administrator are directed

to administer the Stipulation in accordance with their terms and provisions.

18. The Court finds that all parties and their counsel have complied with each

requirement of Rule 11 of the Federal Rules of Civil Procedure as to all proceedings herein.

19. Pursuant to this Court's October 5, 2009 Opinion and Order, attorneys' fees in the

amount of one-third (33-1/3%) of the Settlement amount, net of $46,941,556.96 of litigation

expenses, $27,500,000 of anticipated Administration fees, and a total of $1,303,593.05 in

PSLRA reimbursements awarded to specific plaintiffs, were awarded to Plaintiffs' Counsel.

Attached hereto as Exhibit 2 is a list showing, for each of the Actions covered by this Court's

October 5, 2009 Opinion and Order: (i) the Total Designation Amounts for each of the Actions

covered by this Court's October 5, 2009 Opinion and Order; (ii) the proportionate amounts of the

$27,500,000 reserved for the Administrators' fees; (iii) the PSLRA Awards, and (iv) the

proportionate amounts of the $46,941,556.96 of litigation expenses awarded. In this Action,

Schedule 2 to Exhibit 1 to Exhibit C of the Stipulation.

As set forth in the Notice (Exhibit 1 to Exhibit C of the Stipulation) beginning at page 14.


Plaintiffs' Counsel are awarded the amounts of attorneys' fees and litigation expenses as shown

on Exhibit 2 for this Action, which sum the Court finds to be fair and reasonable. 3 The foregoing

fees and expenses shall be paid to Plaintiffs' Executive Committee from the Gross Settlement

Fund with interest from the date such Settlement Fund was funded to the date of payment at the

same net rate that the Settlement Fund earns. The award of attorneys' fees shall be allocated

among Plaintiffs' Counsel by, and in a fashion which in the opinion of, Plaintiffs' Executive

Committee, fairly compensates Plaintiffs' Counsel for their respective contributions in the

prosecution of this Action.

20. In making this award of attorneys' fees and reimbursement of expenses to be paid

from the Gross Settlement Fund, the Court has considered the reasons and facts discussed at

length in the Court's October 5, 2009 Opinion and Order, including that:

a. Plaintiffs' Counsel has created a settlement fund which is reflected in the

Total Designation Amount for this Action shown on Exhibit 2 attached hereto, that is already on

deposit and earning interest, and that numerous Covad Comm. Settlement Class Members who

submit acceptable Proofs of Claim will benefit from the Settlement created by Plaintiffs'

Counsel;

b. Over seven million copies of the Settlement Notice were disseminated to

putative Settlement Class Members in all 309 Actions, including 299,455 mailed with

"Frontispieces" specifically directed to members of the Covad Comm. Settlement Class,

No adjustment shall be made for any spillover to or from this Action's Total Designation Amount, as any spillover amount will ultimately go to Members of the Settlement Classes, net of the present fee award only, in which case the portion of the fee attributable to such spillover shall be deemed paid from the spillover's recipients. There shall be no reversion to Defendants by virtue of any spillover, nor shall any additional fees be paid to Plaintiffs' Counsel upon any spillover.

10


indicating that Plaintiffs' Counsel were moving for attorneys' fees in the amount of up to 33-

1/3% of the Gross Settlement Fund, plus interest, and for reimbursement of expenses in an

amount of approximately $56 Million, plus interest, and approximately only 140 objections,

representing less than a hundredth of one percent of all Settlement Classes, were filed against the

Settlement and/or the fee and expense request set forth in the Settlement Notice;

C. Plaintiffs' Counsel have conducted the litigation and achieved the

Settlement with skill, perseverance and diligent advocacy;

d. The action involves complex factual and legal issues and was actively

prosecuted over eight years and, in the absence of a settlement, would involve further lengthy

proceedings with uncertain resolution of the complex factual and legal issues;

e. Had Plaintiffs' Counsel not achieved the Settlement there would remain a

significant risk that the Settlement Classes may have recovered less or nothing from the

Defendants;

f. Plaintiffs' Counsel have committed hundreds of thousands of hours in

litigating the 309 Actions and ultimately achieving the Settlement; and

g. The amount of attorneys' fees awarded and expenses reimbursed from the

Settlement Fund are fair and reasonable under the circumstances of this Action.

21. Pursuant to the PSLRA, Rolando A. Borromeo and Neils Peter Christenson are

hereby awarded $466.67 and $10,000.00, respectively, as reasonable time and expense

reimbursement (including lost wages) incurred as a result of representing the Covad Comm.

Settlement Class in this Action.

11


22. In granting these PSLRA Award Requests to be paid out of the Gross Settlement

Fund, the Court has considered and found the reasons and facts discussed at length in the Court's

October 5, 2009 Opinion and Order.

23. Exclusive jurisdiction is hereby retained over the parties and the Covad Comm.

Settlement Class Members for all matters relating to this Action, including the administration,

interpretation, effectuation or enforcement of the Stipulation and this Order and Final Judgment,

including any application for fees and expenses incurred in connection with administering and

distributing the settlement proceeds to the members of the Covad Comm. Settlement Class, and

for all further proceedings herein relating to the Settlement.

24. Without further order of the Court, the parties may agree to reasonable extensions

of time to carry out any of the provisions of the Stipulation.

25. The Clerk of the Court is directed to file a true copy of this Order and Final

Judgment in this Action.

Dated: New York, New York

,2009

HO&Bh SHIRA A. SCHEINDLIN UNITED STATES DISTRICT JUDGE

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m :-


EXHIBIT 1

IN RE INITIAL PUBLIC OFFERING SECURITIES LITIGATION CIVIL ACTION NO. 21 MC 92 (SAS)

EXCLUSION REQUESTS - ALL SETTLEMENT CLASSES

Donna R. Adams Fredric L. Aibel (Trust Acct.) Brad Anselmo Donner T. Bailey (Deceased) (IRA Acct.) Richard L. Balser (PMA Acct.) Richard G. Barrows (IRA Acct.) Marcelle G. Baumbach James D. Becker Karen Belsky & Melvin Belsky (Trust Acct.) Daniel & Mary Ann Bernardi (Joint Acct.) Mary Ann Bernardi (IRA Acct.) Noreen Betten & Paul Betten (Joint Acct.) Gerald T. Bird & Kristine I. Bird (Joint Acct.) Markus Blechner Anthony D. Bogus & Margaret L. Bogus (Trust Acct.) Jeffrey J. Bradt Timothy K. Brady Dwight G. Brainard (Individual Acct.) Dwight G. Brainard & Gwendolyn H. Brainard (Joint Acct.) Eric S. Braley (Roth IRA Acct.) Marco L. Brew Robert Browder Iva H. Brown (Individual Acct.) Iva H. Brown (Trust Acct.) Kevin Brown (IRA Acct.) Garth R. Budlong Jean M. Buescher & Robert E. Buescher (Deceased) (Joint Acct.) Robert Calamari (Trust Acct.) Angela Cappiello & Augustino Cappiello (Joint Acct.) Henreitte Clapp & John R. Clapp (Joint Acct.) John R. Clapp (Individual Acct.) CNN Investment Co., Inc. Burton Cohen & Tess Cohen (Trust Acct.) Linda R. Collings Stanley Compton John J. Connolly Beverly J. Cosper (Individual Acct.) Beverly J. Cosper & Bruce R. Cosper (Joint Acct.)


Mary Crehan Daniel L. Curtis Anthony D'Agostino & Rose D'Agostino (Deceased) (Joint Acct.) George Darwin (Individual Acct.) George Darwin, Viola D. Darwin, Jeffrey Darwin & Diana Leboeuf (Joint Acct.) George Darwin & Viola D. Darwin (Joint Acct.) Melody F. Davenport Louis Debole & Mary Debole (Joint Acct.) Dwane L. Decker (Deceased) & Verma Decker (Joint Acct.) Glenn P. Deltondo & Maria R. Deltondo (Joint Acct.) Irmgard Dem Jerry L. Dieball (IRA Acct.) Jerry L. Dieball & Karen L. Dieball (Joint Acct.) Louis A. Diller (IRA Acct.) Richard T. Dolbeare Arthur J. Domingue, Jr. (IRA Acct.) Dale L. Doucet & Evelyn J. Doucet (Joint Acct.) Traida M. Echeandia Nancy K. Edenfield (IRA Acct.) Sylvia M. Edney (Roth IRA Acct.) Arthur T. Elgin III Donald F. Erickson, Sr. (Deceased) (IRA Acct.) Michael J. Fealy (IRA Acct.) Michael A. Fiorenzo Douglas C. Flegal (SEP-IRA Acct.) Daun A. Fondarella & Pat J. Fondarella (Joint Acct.) Jan A. Fulks (Deceased) George Galvan & Gloria D. Galvan (Joint Acct.) Gary Nibbelink Associates John R. Gingles (IRA Acct.) Miu-Chu W. Gong & Phillip S. Gong (Joint Acct.) Good Shepherd Church (Operations Acct.) Good Shepherd Church (Building Fund Acct.) Ruby T. Gregory Despina Hatton & John 0. Swendseid (Joint Acct.) Âme B. Heikkila (Deceased) Carrie L. Higo & Paul H. Higo (Joint Acct.) Mildred A. Howard & Nelson Howard (Joint Acct.) Jung-Hsin Hu & Danny T. Tsao (Joint Acct.) Elizabeth J. Janiszewski (Roth IRA Acct.) Raymond G. Jarisch Mary N. Johnson & Russell L. Johnson (Joint Acct.) Kevin L. Jones K & A Muizer Enterprises LP Jon Kayyem (Individual Acct.) Judith W. Kielhofer & Kary D. Kiethofer (Joint Acct.)


Bridie Kilduff Donald A. Kissell (IRA Acct.) R.J. Kjeve (Deceased) Koch Equity Holdings Inc. John Kong Carr C. Kreuger II (Individual Acct.) Can C. Kreuger II & Lori L. Krueger (Joint Acct.) Betty L. Kruchten & Joseph L. Kruchten (Joint Acct.) Joseph L. Kruchten (Individual Acct.) Barbara Lawton & Howard B. Lawton (Trust Acct.) Loreen B. Lejeune & Jonathan H. Wenocur (Joint Acct.) Deeann M. Limp & Wayne E. Limp (Joint Acct.) Aloysius W. Little & Virginia C. Little (Trust Acct.) Gregory T. Little & Virginia C. Little (Joint Acct.) Tom R. Loffland (Individual Acct.) Tom R. Loffland (Trust Acct. 1) Tom R. Loffland (Trust Acct. 2) George E. Loomis Arthur F. Luetke Michael R. Lufrano Jennings M. Lyon Domenica M. Macerata Minh T. Mai (Individual Acct.) Minh T. Mai (Roth IRA Acct.) Edward Makarchuk Thomas G. Mansfield Curtis E. Marc, Jr. Larry Matthews Laverne McCombs & Robert L. McCombs (Joint Acct.) Mildred E. McLemore & Robert W. McLemore (Joint Acct.) Robert W. McLemore (IRA Acct.) Virginia M. McNear Robert E. Megill (IRA Acct.) Gail P. Miller & Richard J. Miller (Trust Acct.) Lenore Miller Yaichiro Minami (IRA Acct.) Yaichiro Minami (Trust Acct.) John T. Mitchell James M. Monger & Lucille M. Monger (Trust Acct.) Pamela A. Moore Andrea H. Mulzer Kenneth D. Mulzer, Sr. (IRA Acct.) Kristin J. Muizer (Individual Acct.) Kristin J. Muizer (IRA Acct.) Billy Murphy Marilyn A. Murrow (IRA Acct.)

3


John A. Newton HI (IRA Acct.) Alice B. Newton (IRA Acct.) Gary D. Nibbelink (Individual Acct.) Gary D. Nibbelink & Linda A. Nibbelink (Joint Acct.) Gary D. Nibbelink & Linda A. Nibbelink (Profit Sharing Acct.) Linda A. Nibbelink (Individual Acct.) Anne M. Noonan Talila G. O'Higgins Bruce A. Paige & Donna H. Paige (Joint Acct.) James M. Parker David B. Pedersen & Diane S. Pedersen (Joint Acct.) Diane S. Pedersen (Individual Acct.) Clara E. Perrin & Clayton J. Perrin (Trust Acct.) Eusibius Peters William B. Pettinger (Deceased) Charles R. Platt Eugene F. Pleyvak John A. Primeau (Deceased) & Suzanne C. Primeau (Joint Acct.) Barbara P. Radebaugh M. Rangaraj (401K Acct.) Boyce A. Ray (Individual Acct.) Boyce A. Ray (IRA Acct.) James R. Reitnauer Mark R. Rizzo Griffen A. Rizzo (Custodial Acct.) Lester Rose (Trust Acct.) Dorothy D. Rupel (Trust Acct.) Sterling M. Ryder Valerie A. Saines Patricia G. Salisbury (IRA Acct.) Evan C. Santistevan Barbara V. Schugt & H. Dieter Schugt (Joint Acct.) Ingeborg Schuster Nancy A. Scott (Roth IRA Acct.) Bonnie N. Shimasaki & Robert K. Shimasaki (Joint Acct.) Albin J. Sircely James P. Slupe Barton L. Small & Catherine B. Small (Trust Acct.) Barbara J. Smith (Individual Acct.) Barbara J. Smith & Thomas F. Smith (Trust Acct.) Brenda J. Smith & Nathan J. Smith (Joint Acct.) Frances Smith (Trust Acct.) James Smith (Deceased) (IRA Acct.) Thomas F. Smith (Individual Acct.) Raymond W. Sperring, Jr. (IRA Acct.) Raymond W. Sperring III

4


Steven P. Stachwick Marc G. Stalker & Salena W. Stalker (Joint Acct.) Marlies Starbird Patricia S. Steele (Individual Acct.) Sue Steele (ERA Acct.) Morgan Stewart W.J. Sturm (IRA Acct.) Eric M. Talgo (Individual Acct.) Eric M. Talgo & Lynda Talgo (Joint Acct.) Delena R. Tanner Richard A. Taylor (IRA Acct.) Mary T. Thayer Bjorn C. Tollerud & Bjorn E. Tollerud (Joint Acct.) Bjorn E. Tollerud (Individual Acct.) Turner Broadcasting System, Inc. Irwin Usher (Deceased) Jeffrey D. Van Gundy Deborah A. Verginia & Michael D. Verginia (Joint Acct.) Ava N. Walker (Individual Acct.) Ava N. Walker (IRA Acct.) J.W. Walker (IRA Acct.) Jonathan H. Wenocur (Individual Acct.) David E. West Tony R. Whisenant Ralph Whited David A. Windecker (IRA Acct.) Windecker Family Trust Mona M. Wolf Charles Wright, Jr. & Frances L. Wright (Joint Acct.) Michelle D. Wright John C. Yancy (401K Acct.) Arlene Yannece & Ralph Yannece (Joint Acct.) Youth Help Association Inc. George E. Zeigler Farida K. Zreik

5


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CERTIFICATE OF SERVICE

I hereby certify that on the 201h day of November, 2009, I caused true and accurate copies

of the foregoing to be served by hand upon the following:

Gandolfo V. DiBlasi, Esq. Jack C. Auspitz, Esq. Sullivan & Cromwell LLP Morrison & Foersfer LLP 125 Broad Street 1290 Avenue of the Americas New York, NY 10004 New York, NY 10104-0050

All other counsel of record to be served by LexisNexis File & Serve or First-Class mail.

1 ? ZICT 1-t -, 4~' Matthew Bucher

in re covad communications group, inc. initial...

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