Free Order - District Court of Connecticut - Connecticut

Case 3:02-cv-02133-EBB Document 266-3 Filed 02/19/2008 Page 1 of 3
UNITED STATES DISTRICT COURT
DISTRICT OF CONNECTICUT
SHERRY SCHNALL, et al., )
Plaintiffs, )
v. ) Civil Action No. 02 CV 2133 (EBB)
ANNUITY AND LIFE RE (HOLDINGS), )
LTD., et al., )
Defendants. )
SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION
WITH REMAINING DEFENDANT KPMG BERMUDA AND SETTLEMENT HEARING

TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE
ACQUIRED THE SECURITIES OF ANNUITY AND LIFE RE (HOLDINGS), LTD.
(“ANR") DURING THE PERIOD BETWEEN MARCH 15, 2000 AND NOVEMBER
19, 2002, INCLUSIVE, AND WERE DAMAGED THEREBY (THE "CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 ofthe Federal Rules of Civil
Procedure and an Order of the Court, that the above-captioned action has been certified as a class
action for settlement purposes only and that a $10.5 million cash settlement ("KPMG
Settlement”) has been proposed with the sole remaining defendant, KPMG Bermuda, ANR’s
outside accountant during the Class Period.
A hearing will be held before the Honorable Ellen Bree Bums in the United States
Courthouse, 141 Church Street, New Haven, Connecticut 06510, at Q_: ¤> H gsm., on
,-·»"" _
J ·-so =- S' , 2008 to determine whether the proposed settlement should be approved by
the Court as fair, reasonable, and adequate, and to consider the application of P1aintiffs’ Counsel
for attorneys’ fees and reimbursement of expenses.
This KPMG Settlement is in addition to a prior $16.5 million settlement with ANR, XL
Capital, Ltd. and certain of ANR’s officers and directors, which was approved by the Court on
January 21, 2005.

Case 3:02-cv-02133-EBB Document 266-3 Filed O2/19/2008 Page 2 of 3
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS
WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT
FUND. lf you have not yet received the full printed Notice of Proposed Settlement of Class
Action with Remaining Defendant KPMG Bermuda, Motion for Attorneys’ Fees and Settlement
Fairness Hearing (the "KPMG Settlement Notice"), you may obtain a copy by contacting:
Annuity and Life Re (Holdings), Ltd. Securities Litigation
c/o The Garden City Group, Inc.
Claims Administrator
Post Office Box 9000 #6254
Merrick, NY 11566-9000
(800) 298-3208
www. gardenc1't}¤group. com
Inquiries, other than requests for the forms of the KPMG Settlement Notice and the Proof of
Claim, may be made to Plaintiffs’ Co-Lead Counsel:
David R. Scott, Esq. Barry A. Weprin, Esq.
SCOTT + SCOTT LLP MILBERG WEISS LLP
108 Norwich Avenue One Pennsylvania Plaza
P.O. Box 192 New York, NY 10119-0165
Colchester, CT 06415 (212) 594-5300
(860) 537-5537
To participate in the Settlement, if you did not previously submit an acceptable Proof of
Claim in connection with the prior settlement, you must request and submit a Proof of Claim no
later than gy 'T , 2008. Copies ofthe Proof of Claim form may be obtained at
www. gardencitygroup. com or by contacting the Claims Administrator identified above. IF YOU
PREVIOUSLY SUBMITTED A VALID PROOF OF CLAIM IN CONNECTION WITH THE
PRIOR SETTLEMENT, YOU NEED NOT RESUBMIT YOUR CLAIM, AS YOUR PRIOR
CLAHVI WILL ENTITLE YOU TO SHARE IN THIS SETTLEMENT.
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Case 3:O2—cv—O2133-EBB Document 266-3 Filed O2/19/2008 Page 3 of 3
If you are a Class Member and do not exclude yourself from the Class, you will be bound
by the Order and Final Judgment of the Court. To exclude yourself from the Class, you must
submit a request for exclusion postmarked no later than mg Q , 2008.
Any objections to the Settlement must be filed by A19? { [ , 2008.
If you are a Class Member and did not previously (or do not now) submit a proper Proof
of Claim, you will not share in the Settlement but you nevertheless will be bound by the Order
and Final Judgment of the Court.
Further information may be obtained by contacting the Claims Administrator.
By Order of The Court
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