Cardinal Health, Inc. ERISA Litigation

This case covers all participants in the Cardinal Health 401(k) Savings Plan (the “Plan”) for whose individual accounts the Plan held an interest in the Cardinal Health Employer Common Stock Fund between October 24, 2000, and July 2, 2004. The case alleges that Defendants breached their fiduciary duties by continuing to invest assets of the Plan in the Fund when Cardinal Health stock had become artificially inflated as a result of materially false or misleading statements about revenue and earnings by senior management.

Schatz Nobel Izard P.C. was appointed Co-Lead Counsel by the United States District Court for the Southern District of Ohio on January 14, 2005. After the Court denied Defendants’ Motion to Dismiss and Plaintiffs conducted substantial discovery, the Parties reached agreement to settle the case for $40 million. The Court gave final approval to the Settlement on October 18, 2007. The settlement fund has been distributed to Class Members.