ANNOUNCEMENT: The Court entered the Class Distribution Order. The initial distribution to eligible claimants commenced on March 19, 2024. 

The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action and Motion for Attorneys' Fees and Expenses. Because this website is just a summary, you should review the Notice for additional details. 

Summary of the Action and Settlement

The purpose of this website is to inform you of a securities class action, and the Settlement of the Action. The Notice describes important rights you may have.

The Settlement resolved claims by Court-appointed Lead Plaintiffs The Gabelli Asset Fund, The Gabelli Dividend & Income Trust, Gabelli Focused Growth and Income Fund f/k/a The Gabelli Focus Five Fund, The Gabelli Multimedia Trust Inc., The Gabelli Value 25 Fund Inc., GAMCO International SICAV, GAMCO Asset Management Inc., Naya 1740 Fund Ltd., Naya Coldwater Fund Ltd., Naya Master Fund LP and Nayawood LP and additional Plaintiff Oklahoma Firefighters Pension and Retirement System that were asserted on behalf of the Settlement Class (defined in the Notice) against Defendants Resideo Technologies, Inc., Michael G. Nefkens, Joseph D. Ragan III and Niccolo de Masi. 

The Settlement created a $55 million cash fund, plus earned interest, if any, for the benefit of eligible Settlement Class Members after the deduction of Court-approved fees, expenses and Taxes.  This is an average recovery of approximately $0.32 per allegedly damaged share before deductions for awarded attorneys’ fees and litigation expenses, and $0.24 per allegedly damaged share after deductions for awarded attorneys’ fees and litigation expenses. 

The Settlement Class consists of:

All persons and entities who or which purchased or otherwise acquired the common stock of Resideo during the period from October 15, 2018 through November 6, 2019, inclusive, and were damaged thereby.

If you are a member of the Settlement Class, please read the Notice to fully understand your rights and options.

The Court approved the Settlement on March 24, 2022. Payments have been made to all eligible claimants. 

How do I obtain more information?

Detailed information about the Action and the Settlement is contained in the Notice. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-833-823-0043; or emailing Info@ResideoTechnologiesSettlement.com or mailing a letter to:

Resideo Technologies Settlement
c/o JND Legal Administration
PO Box 91250
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.