We are pleased to announce that distributions were mailed to eligible Class Members on May 26, 2011.

The Settlement:

The Settlement provides for a payment of $7 million, net of expenses described in the Settlement Agreement, to be allocated to members of the following Settlement Class:

The Class of Plan participants in this Settlement is defined as follows:

All persons other than Defendants and Defendants’ spouses, parents, or children who were participants in or beneficiaries of the IndyMac Bank, F.S.B. 401(k) Plan at any time between
July 1, 2006, and June 1, 2010, and whose accounts included investments in the IndyMac
Stock Fund.

At the Fairness Hearing on January 10, 2011, District Court Judge Pregerson took the following matters under submission: final approval of the Settlement Agreement; class certification; approval of a proposed plan of allocation; an award of attorneys’ fees and expenses; and service awards to Plaintiffs. On January 19, 2011, the Court entered the Final Order and Judgment approving the Settlement Agreement as well as Plaintiffs’ other requests. The appeals deadline in this matter was February 18, 2011. The appeals deadline has passed, and the Settlement is Final.

Please check back for further updates.

• Legal Notice of Class Action Lawsuit for Certain Participants in the IndyMac Bank, F.S.B. 401(k) Plan
• Notice of Proposed Class Action Settlement
• Findings and Order Preliminarily Approving Proposed Class Action Settlement
• Stipulation and Agreement of Settlement of Class Action – ERISA
• Plaintiffs’ Notice of Motion and Motion for Award of Attorneys’ Fees, Reimbursement of Expenses, and Award of Case Contribution Awards
• Plaintiffs’ Notice of Motion and Motion for Final Approval of Class Action Settlement, Certification of Settlement Class, and Approval of Plan of Allocation
• Corrected Joint Declaration of Jeffrey G. Lewis and Derek W. Loeser In Support of (1) Plaintiffs’ Motion for Final Approval of Class Action Settlement, Certificattion of Settlement Class, and Approval of Plan of Allocation and (2) Plaintiffs’ Motion for Award of Attorneys’ Fees, Reimbursement of Expenses, and Award of Case Contribution Awards
• Declaration of Michael D Braun in Support of Plaintiffs’ Motion for Award of Attorneys’ Fees, Expenses and Case Contribution Award
• Declaration of Aashish Y Desai
• Proposed Final Order and Judgment
• Final Order and Judgment

If you have any additional questions or would like more information, please contact us by calling (888) 404-8013, or by emailing Class Counsel at indymacsettlement@kellerrohrback.com.