Thread regarding Riverbed Technology Inc. layoffs

More trickery on Class A founder stock holders

So for Class A holders (class 10 in the plan), you have to explicitly opt-out of releasing the Debtors of claims. If you don't respond and opt out, you are agreeing to release the Debtors of all claims. More law trickery from Riverbed, it seems.
Why would damaged parties agree to release the Debtors? Am I missing some nuance here?

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| 2090 views | | 7 replies (last )
Post ID: @OP+1e4X2hRu

7 replies (most recent on top)

Yeah the ridiculous part is i only received the "Opt-Out" form via their supposed "First class" mail on the 25th Jan !! Un-believable...

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Post ID: @Usna+1e4X2hRu

My understanding

  • Fill out "Opt Out forms" and send back means don't want to give up legal rights, don't want to release the RIVERBED TECHNOLOGIES
  • Not Fill out "Opt Out forms" (Default), then you basically give up all your rights.

The shame for the company is that they make the "Default" to be release the company's liability completely.
So, you should fill out the "Opt Out forms", and send bad to say "I reserve my rights to purse my interests". Do it ASAP (Before Dec 20, 2021)

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Post ID: @2jpa+1e4X2hRu

Prior poster is incorrect. Opt Out forms for Employee/Prior-Employee has a Deadline of December 20th (prior deadline was for institutional holders of Class 10 along with other classes).

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Post ID: @2zji+1e4X2hRu

Opt out date passed a long time ago. If you're not on this list, you opted in. https://cases.stretto.com/public/x164/11683/PLEADINGS/1168312012180000000041.pdf

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Post ID: @1ygr+1e4X2hRu

It’s so pointless sending these forms or documents because they read like sh-t lawyer talk only they understand. Can someone please d-mb it down?

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Post ID: @1pqs+1e4X2hRu

Here are the important court dates and the release clauses included
https://cases.stretto.com/public/x164/11683/PLEADINGS/1168311182180000000100.pdf

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Post ID: @1bgl+1e4X2hRu

Fill it and send it back. Why would you agree to release?

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Post ID: @1ray+1e4X2hRu

Have the same question -- Any one know for "OPT-OUT FORM", what should I do with it?

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Post ID: @qey+1e4X2hRu

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