The settlement includes all persons who purchased or otherwise acquired the publicly traded securities of NII Holdings Inc and/or NII Capital Corp during the period from February 25, 2010 through February 27, 2014. The eligible securities are NII Holdings Inc common stock (ISIN: US62913F2011), as well as the following debt securities: (i) 7.625% NII Bonds, due April 1, 2021 (ISIN: US67021BAE92); (ii) 8.875% NII Bonds, due December 15, 2019 (ISIN: US67021BAC37); and (iii) 10% NII Bonds, due August 15, 2016 (ISIN: US67021BAD10).

September 16, 2016 - The court approved the settlement and entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.

May 16, 2016 - The court preliminarily approved the settlement.

April 18, 2016 - Parties filed a stipulation of settlement.

July 8, 2015 - The court ordered that the stay entered on November 3, 2014, is lifted and the court dismissed one defendant.

November 3, 2014 - The court ordered the civil action is stayed until further order of the court.

October 6, 2014 - The court denied the defendants' motion to dismiss.

September 22, 2014 - NII Holdings Inc filed for Chapter 11 Bankruptcy.

August 14, 2014 - Defendants filed a motion to dismiss.

July 18, 2014 - The plaintiffs filed a second amended complaint.

June 27, 2014 - The plaintiffs filed an amended complaint.

May 5, 2014 - Lead plaintiff motions were filed.

March 4, 2014 - An investor in shares of NII Holdings Inc (NASDAQ: NIHD) filed a lawsuit in the U.S. District Court for the Eastern District of Virginia against NII Holdings Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 25, 2010 and February 27, 2014.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of NII Holdings Inc (NASDAQ: NIHD) between February 25, 2010 and February 27, 2014, including debt securities due in 2021 and paying interest at a rate of 7.625 percent per year (the Notes ) issued by NII Holdings Inc's wholly-owned subsidiary, NII Capital Corp. pursuant to offerings on or around March 25, 2011 and December 5, 2011, that NII Holdings Inc and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. More specifically, the plaintiff claims that defendants caused NII Holdings Inc and NII Capital Corp. securities to trade at artificially inflated prices by improperly concealing the Company's failing efforts to modernize its telecommunications network and maintain and grow its subscriber base.

Additionally, the complaint alleges that NII Holdings Inc, NII Capital Corp., certain of their officers and directors, and certain of the underwriters of the Offerings violated Sections 11, 12(a)(2), and 15 of the Securities Act of 1933. More specifically, the plaintiff claims that certain Defendants made allegedly false and misleading statements and allegedly failed to disclose material adverse information in offering documents filed with the U.S. Securities and Exchange Commission in connection with the issuance of $1.45 billion of NII Capital Notes in March and December 2011.

NII Holdings Inc (NASDAQ: NIHD) reported that annual Total Revenue declined from over $6.73 billion in 2011 to over $6.08 billion in 2012 and that its Net Income of $225.20 million in 2011 decreased to a Net Loss of $765.25 million.

Then on February 28, 2014, NII Holdings Inc reported its 2013 fourth quarter and year-end results. For the fourth quarter of 2013, NII Holdings Inc reported a net loss of 247,000 subscribers and for the full year 2013, NII Holdings Inc generated a net loss from continuing operations of $1.6 billion.

Shares of NII Holdings Inc (NASDAQ: NIHD) declined from as high as $42.89 per share in early 2011 to as low as $1.06 per share on March 5, 2014.

On March 10, 2014,NII Holdings Inc (NASDAQ: NIHD) shares closed at $1.13 per share.