A settlement has been reached in a federal securities class action on behalf of purchasers of Global Cash Access Holdings, Inc. common stock. The settlement created a fund in the amount of $5.875 million in cash, plus interest, to be paid to members of the class.  If you purchased the publicly traded common stock of Global Cash Access Holdings, during the period from September 22, 2005 through November 14, 2007, you may be a member of the class.

A hearing was held on June 25, 2010 to determine whether the proposed settlement should be approved, whether the plan to distribute funds is fair, reasonable and adequate, whether reimbursement of attorney’s fees and expenses should be approved, and whether the Securities Action should be dismissed with prejudice.

Class members who wished to participate in the settlement were required to submit a valid proof of claim postmarked on or before July 24, 2010.

Class members who wished to exclude themselves from the settlement were required to do so by written request, postmarked on or before June 4, 2010.

Please refer to Frequently Asked Questions for additional details regarding your participation in this proposed settlement.

The deadline for submission of claims has passed, processing of claims has been completed and the Court has approved the distribution of the Net Settlement Fund to Authorized Claimants pursuant to the Court-approved Plan of Allocation.

On July 1, 2011, the Claims Administrator mailed distribution checks to all Authorized Claimants whose check amount was $10.00 or more.  As set forth in the Plan of Allocation, if an Authorized Claimant’s prorated payment calculates to less than $10.00, it will not be distributed..

PLEASE NOTE:  The distribution amount, which is the amount of the check that was sent, is not the same as the Recognized Claim amount.  The Recognized Claim amount is the amount calculated under the formula set forth in the Plan of Allocation and is used to determine how the Net Settlement Fund is to be proportionately allocated to Authorized Claimants.  The distribution amount is an Authorized Claimant’s pro rata share of the Net Settlement Fund, based on the amount of his, her or its Recognized Claim compared to the total Recognized Claims of all Authorized Claimants to be paid from the Net Settlement Fund.