Chimicles & Tikellis LLP is lead counsel in this action brought in 2003 in the Philadelphia County Court of Common Pleas. The case is brought on behalf of approximately 1,300 persons who were employees of Defendant Siemens Medical Solutions Health Services Corporation (formerly Shared Medical Systems, Inc.) who had their 1998 incentive compensation plan (“ICP”) compensation reduced 30% even though the employees had completed their performance under the 1998 ICP contracts and had earned their incentive compensation based on the targets, goals and quotas in the ICPs. In an Order dated July 27, 2004, the Court granted the Class Certification Motion and certified a national class. A formal Court-approved Notice of the suit was mailed on November 23, 2004. The Court had scheduled trial to begin on February 4, 2005. Prior to trial however, the Court granted Plaintiff’s motion for summary judgment as to liability on their breach of contract claim. The parties reached a settlement in which class members will receive a net recovery of the full amount of the amount that their 1998 ICP compensation was reduced. On May 5, 2005, the Court approved the settlement, stating that the case “should restore anyone’s faith in class actions as a reasonable way or proceeding on reasonable cases.” Settlement checks will be mailed during the first week of August 2005. You can review copies of the Stipulation of Settlement and Court-approved Notices regarding the settlement below.

• Stipulation of Settlement
• Notice of Settlement
• Notice of Settlement for 1998 ICP Participants who signed releases prior to March 29, 2002
• Preliminary Approval Order
• Class Certification decision
• West Chester Daily Local article
• Legal Intelligencer article

For information about this litigation, please contact Steven Schwartz at (610) 642-8500 or at steveschwartz@chimicles.com.

   Friday, July 04th, 2008