Welcome to the Watch Repair Settlement Website

Overview

A proposed settlement has been reached in a class action lawsuit, Andre Fleury et al. v. Richemont North America, Case No. C-05-4525 EMC, which concerned alleged violations of the federal antitrust laws.

The Court has conditionally certified the lawsuit as a class action, for settlement purposes only, pursuant to Federal Rule of Civil Procedure 23, on behalf of the members of the following two Settlement Sub-Classes and all of their successors in interest and transferees, immediate and remote, but not Defendant and persons or entities related to or affiliated with Defendants (collectively the “Settlement Class”):

Benefits to the Class

Each member of the Consumer Settlement Sub-Class will receive one $100 credit for each Qualifying Paid Repair Service he or she received. The definition of a Qualifying Paid Repair Service is contained in the Amended Stipulation of Settlement. The $100 credits may be used only for the purchase of a Cartier product at a Defendant-owned Cartier boutique. These credits shall be fully transferable but are void if not used within two years of Final Court Approval of the Proposed Settlement. These credits cannot be aggregated and each credit may be used only once. No unused amounts will be refunded or carried forward as a credit. Each member of the Consumer Settlement Sub-Class shall be automatically entitled to their credit(s) without submitting any claim form. You do not need to do anything to obtain your credit(s). Please read the Notice for further details about the credits and distribution process.

Each member of the Watchmaker Settlement Sub-Class will be entitled to apply to Richemont to become an authorized Cartier repair shop, and if approved, will receive the benefits described in the full Notice. You may request an application by sending an email to watchrepairsettlement@gardencitygroup.com or by calling, toll-free, 1-800-918-1029. Richemont will evaluate applicants based on an agreed upon Evaluation Form, which can be downloaded on this website and also requested by sending an email to watchrepairsettlement@gardencitygroup.com or by calling, toll-free, 1-800-918-1029. Richemont retains sole discretion to determine which applications will be accepted. Richemont’s decision on whether to approve an application will be final unless there is evidence that, in applying the criteria set forth in the Evaluation Form, Richemont breached the covenant of good faith and fair dealing, in which case the Court may become involved.

Exclusions and Objections

The deadline to exclude yourself from the proposed Settlement Class or object to the proposed Class Settlement has passed. The deadline was March 17, 2008. Please read the Notice for further details.

Settlement Hearing

The Settlement Hearing will be held on May 7, 2008, at 2:30 p.m. in the courtroom of the Honorable Edward M. Chen, Magistrate Judge of the United States District Court for the Northern District of California, 450 Golden Gate Avenue, San Francisco, California 94102, Courtroom C, 15th Floor for the purpose of determining: (i) whether the Proposed Settlement of the Action on the terms and conditions provided for in the Stipulation is fair, reasonable, adequate and should be finally approved by the Court; (ii) whether the Settlement Class should be finally certified and whether the Settlement Class Representatives and Settlement Class Counsel have adequately represented the interests of the Settlement Class with respect to the Action and the claims asserted therein; (iii) whether the judgment should be entered pursuant to the Stipulation, among other things, dismissing the Action with prejudice; and (iv) other matters relating to the Proposed Settlement. The Court may adjourn the Settlement Hearing or any adjournment thereof without further notice to members of the Settlement Class other than by announcement at the Hearing or any adjournment thereof. The Court reserves the right to approve the Settlement at or after the Settlement Hearing with such modification as may be consented to by the Parties to the Stipulation and without further notice to the Settlement Class.

PLEASE NOTE THE FOLLOWING IMPORTANT DATES: