Class Corridor, LLC
A lawsuit exists against a company called Thoroughbred Technology & Telecommunications (T-Cubed) that has installed a telecommunication system within certain railroad rights-of-way and plans to continue to install its telecommunication system in railroad rights-of-way.
There is a proposed Settlement of the lawsuit under which T-Cubed, the defendant in the lawsuit, has agreed to pay cash and other compensation to qualified Class Members as well as the costs of this Settlement and attorneys fees.
Class Corridor, LLC, is a company that was created by Class Counsel as part of the Settlement. Class Corridor, LLC, will receive, hold, and manage non-cash compensation that the Settlement Class and Class Counsel may receive from T-Cubed if the Settlement is approved. This non-cash compensation consists of a note from T-Cubed which, under certain circumstances, may result in Class Corridor, LLC, receiving telecommunication assets. As owners of membership interests in Class Corridor, LLC, Class Members would be entitled to share in any revenues that Class Corridor, LLC, may earn from those telecommunication assets.
While T-Cubed will transfer telecommunication assets to Class Corridor, LLC under the terms of the Settlement, T-Cubed will not manage Class Corridor, LLC. It will be independently managed and outside T-Cubed's control. T-Cubed has no role in, or responsibility for, the creation, management or operation of Class Corridor, LLC.
For more information about the proposed Settlement, please visit the Fiber Optic Fund I Class Action Settlement website at www.FiberOpticFundI.com.