ATTENTION SHAREHOLDERS OF
SAFETY-KLEEN CORPORATION SECURITIES
NOTICE OF COURT PROCEEDINGS
On December 3, 2002, a former Vice Present and Controller of Safety-Kleen Corporation, William Ridings, pleaded guilty to securities fraud and related charges involving a scheme to manipulate Safety-Kleen’s financial statements in connection with the reporting of more than $250 million in numerous “adjustments” to Safety-Kleen’s books and records in 1998, 1999 and 2000. It is alleged the fraud was part of an attempt to meet earnings targets the Company had predicted at the time Safety-Kleen was acquired by Rollins Environmental Services, Inc. in 1998.
Originally slated for January 25th, the sentencing for William Ridings [Safety-Kleen] has been re-scheduled by Judge Pauley to Tuesday, Jan. 29, 2008, at 2:15 pm, in Courtroom 11D, 500 Pearl Street, New York, NY 10007.
The District Court, in order to conduct orderly proceedings and to maintain a reasonable schedule, requires advance notice no later than one week prior to any court proceeding from victims who wish to be heard during court proceedings such as sentencing. Based on the number of victims who provide such notice, the Court will rule on the manner in which victims will be heard at such proceedings.
Any victims who object to the procedures set forth herein must file those objections with the Clerk of the Court and serve those objections on all parties no later than one week prior to the specific proceeding objected to or the next scheduled proceeding.
For further details on the various charges and court proceedings to date, as well as your rights under federal law and notice of upcoming proceedings, go to:
http://www.usdoj.gov/usao/nys/victimwitness.html
Additionally, if you believe you were a victim of these crimes and wish to receive notice of future developments in the case, please submit written information concerning the impact this crime has had on you to assist the court in determining the sentence and any possible restitution, or to attend the sentencing hearing, please contact Wendy Olsen-Clancy, the Victim Witness Coordinator at the United States Attorney’s Office for the Southern District of New York, at (866) 874-8900, or Wendy.Olsen@usdoj.gov.