Welcome to the Broadwing ERISA Litigation Settlement Homepage.

All participants and beneficiaries of the Cincinnati Bell Inc. Savings and Security Plan and the Cincinnati Bell Inc. Retirement Savings Plan, and any predecessor plan, who held shares or units of the Cincinnati Bell Inc. Common Stock Fund or for whose benefit the Plans held shares of Broadwing Inc. common stock or Cincinnati Bell Inc. common stock at any time from November 9, 1999 through February 28, 2003 (the “Relevant Period”) may be entitled to a share of the settlement. Excluded from the Class are the Court, the Defendants, members of their immediate families, their legal representatives, heirs, successors or assigns, and any entity in which Defendants have had a controlling interest.

In Complaints filed in 2002 and 2003, and later amended and consolidated, the Plaintiffs alleged that the Defendants breached their fiduciary duties and otherwise violated ERISA, by using employer and employee contributions to the Plans to purchase Broadwing stock at a time when, according to Plaintiffs, the stock was an unsuitable and imprudent investment for the Plans. Plaintiffs further allege that Defendants violated ERISA by misrepresenting to Plaintiffs and participants in the Plans the financial status of Broadwing and, consequently, the true value of its stock. The Complaints sought to recover from the Defendants losses to the Plans, and indirectly, to its participants and beneficiaries caused by Defendants’ alleged conduct.

In the Motion to Dismiss the Consolidated Complaint, Defendants denied each of the claims and allegations of wrongdoing, and asked the court to dismiss all of the Plaintiffs' claims. The Court has not ruled on this Motion. Defendants specifically deny, among other things, the allegations that they breached any fiduciary duties or any other provisions of ERISA in connection with the acquisition or retention of Broadwing stock by the Plans during the Class Period, or before, and deny that they in any way misrepresented the financial performance of Cincinnati Bell or the value of its stock either directly or indirectly to participants in the Plans. Defendants deny that Plaintiffs or the Plans are entitled to any relief of any kind.

Defendants have agreed to pay $11 million to resolve Plaintiffs’ claims against them. Your share of the Settlement Fund will depend on the number of shares of Cincinnati Bell or Broadwing stock you held in the Plans during the Class Period, and the amount that you lost as a result of this holding. The formula will take into account your purchases or sales of Cincinnati Bell or Broadwing stock in your Plan account. The more you lost because of holding Cincinnati Bell or Broadwing stock in your Plan account, the larger your share of the Net Settlement Fund will be. Your share of the Net Settlement Fund, however, will be less than your actual losses.

Note: This website is provided as a service to potential class members. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Class Action Settlement.