The SEC's Litigation Release yesterday in the Measurement Specialties case is the latest example of what we pointed out in this post last month:  Increasingly, a consequence for those investors who fail to file claims in securities class action settlements is that they also will miss out on money that is subsequently made available through SEC settlements.

As noted in yesterday's release, the federal court overseeing the SEC's $1,450,000 settlement in this case has approved the SEC's distribution plan.  The plan is that all of the money in the distribution fund will be distributed on a pro rata basis to the class members who have qualified to receive funds under the separate class allocation plan approved by the court in the Measurement Specialties securities class action.   The claim deadline in the class action was August 23, 2004.