UNHAV©

UN ITED     HA LIFAX plc     V ICTIMS

 

WHAT !   NO HALIFAX plc SHARES !

YOU'RE NOT ALONE.

UNITE with THOUSANDS of EXCLUDED NON-RESIDENT,  FULLY  ELIGIBLE HALIFAX MEMBERS for
U. S. - based Class Action

TO READ the SCANDAL of HOW 55,000 WERE CHEATED, CLICK HERE !

 

UNHAV Campaign Director, Brian Hazlehurst, originally from Liverpool, England,  economist, currently  a  legal/business translator residing in Rio de Janeiro, Brazil,  was  himself  an UNHAV,  Halifax  Building  Society demutualisation VICTIM. Upon Halifax's conversion into a bank, although a co-owner and fully eligible, Brian suffered gross exclusion from the free share distribution  scheme,  receiving  neither  his rightful shares nor the FORM B cash equivalent. This cash in lieu could so easily have been paid directly into his UK Halifax account, just as occurred for millions of members resident, at the time, in UK or a handful of so-called "permitted territories".

HALIFAX had the gall to inform Brian that he got zero, because the number of  investors  eligible for shares, resident in Brazil, was "IMMATERIAL", which, as they belatedly informed him, meant "less than 1,000 members"! Note here the blatant inconsistency in that, for example, the miniscule no. of investors in Iceland, only 4-5, did receive shares.  

Brian Hazlehurst
Photo by Ricardo Beliel.  (click photo for Rio map)

Over 55,000 member-owners eligible for shares and not resident in UK at conversion time, were told a "cock'n bull" story, that the local Securities & Exchange Commission (SEC) clearance fee would have been too "onerous" (read: expensive), or even informed that it was actually "illegal" to send shares to certain countries. The major "cock-up" Halifax is guilty of, and which, to this day, over 8 years later, refuses to admit and put right, is that FREE shares (nothing more than GIFTS), do not require any clearance.

Halifax knows perfectly well that SEC clearance only occurs when a company wishes to offer shares a) FOR SALE and b) to the GENERAL PUBLIC, in another country.  Spelling this point out loud, why on earth would any country's stock exchange authority need to "protect" people from receiving a GIFT from a private institution that they themselves own !? Note that, in NZ, there is already a successful precedent based on this very same argument.

Taking the USA, for instance, Halifax denied to the 12,628 eligible members, 7,375,000 FREE Halifax shares, worth over £54 MILLION. Later, Halifax, in its written defence evidence, at a small claims hearing before Leeds County Court, Yorkshire, UK, argued that USA SEC clearance would have been required, and that the estimated fee of 10-15 thousand pounds would have been prohibitively expensive for them to send shares to that country! Likewise, Halifax denied millions of pounds in shares to thousands more members in countries like Canada, NZ, Holland (a major EU country !), Malaysia ..... and a very long list of others scattered across the globe.

Note well that no cash equivalent was offered instead of the shares. And, in any case, who ever asked Halifax to send the shares outside the UK, where all the accounts were held? And, as if to add salt to the wound, those NOT even eligible to vote on the conversion (i.e. minors and those with tiny balances under £100) received a conversion benefit for free (paradoxically, a reward for being INeligible !) in the form of a  "Statutory Cash Bonus", paid, with absolutely no restriction, in countries all over the planet.

So, what insane reason can Halifax possibly have for allocating NOTHING to its loyal, perfectly eligible member-owners (often spanning across several family generations), many of whom held large investment balances and mortgages, AND voted in favour of the conversion as so strongly urged !?

UNHAV founder, Brian is determined to win his 9-year-long challenge to ensure Halifax pays up, turning ALL  UNHAVs  INTO  HAPPY  "HAVs".

Enjoying  equal  rights  as  mutual  OWNERS  of  the  former  Halifax Building Society, and for a whole spectrum of glaring legal arguments, the UNHAVs' claims to the hundreds  of  millions  of  pounds of unpaid shares will easily be recognized by American justice. UNITED as an unrelenting force of 55,000 outraged VICTIMs distributed throughout the globe, we are already proceeding with impactful U.S-based Class Action  on a "friendly" contingency (no-win-no-fee) basis. The claimants have availed themselves of the largest, smartest and most outstandingly successful class action litigators on the American legal scene:

LERACH, COUGHLIN, STOIA, GELLER, RUDMAN & ROBBINS, LLP  -  San Diego - CA, USA

                            Associates:    CLASS LAW SOLICITORS   -   London   -   UK

 

www.LCSR.com

www.ClassLaw.co.uk

 

 

NEWSFLASH
 20th JULY 2006

To: UNHAV Members and the 55,000 Claimants Worldwide. Hallelujah ! On 22nd Dec. 2005, the complex, technical arguments to establish the vital initial step in our worldwide claims vs. HBOS (alias HALIFAX), namely that of U.S. jurisdiction, initially in New Jersey State, prevailed, and the case should now proceed.

NOTE: Further details and news of progress will be issued opportunely and upon due clearance from the Class Action law firm. No developments have been reported to me since February this year, but hoping to hear soon.

At this crucial stage, if you wish to address any queries through me, as a matter of confidentiality, I shall require you to fully identify yourself, including quoting your UNHAV Member Reg. No.

Patience, please, as it's likely to be a long haul. Meanwhile, I cannot stress enough the importance of keeping your contact details updated. Please use the e-address available via the CONTACT UNHAV NOW ! link below.

WISHING YOU ALL A  VERY "HAVFUL" FUTURE

 

 

Your Mantra:     All  UNHAVs  Shall  Be  Happy  HAVEs !

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Revised  20th July  2006