UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 86046 / June 6, 2019

ADMINISTRATIVE PROCEEDING

File No. 3-16575

In the Matter of

Computer Sciences Corporation, Michael 

Laphen, Michael Mancuso, Wayne Banks, 

Claus Zilmer, and Paul Wakefield

Respondents.

ORDER DIRECTING 

DISBURSEMENT OF FAIR FUND

On March 13, 2017, the Commission published a Notice of Proposed Plan of Distribution 

and Opportunity to Comment (“Notice”)1pursuant to Rule 1103 of the Commission’s Rules on 

Fair Fund and Disgorgement Plans.2 The Notice advised all interested persons that they may 

obtain a copy of the proposed Plan of Distribution (“Proposed Plan”) from the Commission’s 

public website, http://www.sec.gov/litigation/fairfundlist.htm, or by submitting a written request 

to Nancy Chase Burton, Esq., United States Securities and Exchange Commission, 100 F Street, 

NE, Washington, DC 20549-5876. 

The Notice also advised that all persons desiring to comment on the Proposed Plan could 

submit their comments, in writing, no later than thirty (30) days from the date of the Notice (1) to 

the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, 

NE, Washington, DC 20549-1090; (2) by using the Commission’s internet comment form 

 

1

 Exchange Act Rel. No. 80233 (Mar. 13, 2017).

2

 17 C.F.R. § 201.1103.
2

(http://www.sec.gov/litigation/admin.shtml); or (3) by sending an e-mail to rulecomments@sec.gov. The Commission received no comments on the Proposed Plan during the 

comment period. On April 28, 2017, the Commission issued an Order Approving Plan of 

Distribution and simultaneously posted the approved Plan of Distribution (the “Plan”).

3

The Plan provides for the distribution of the Net Available Fair Fund4to Eligible 

Claimants according to the Plan of Allocation attached as Exhibit B to the Plan, which is 

substantially similar to the plan of allocation in the Class Action.5 In accordance with the Plan, 

the Claims Bar Date has passed and all timely submitted Proof of Claim Forms have been 

processed by the Fund Administrator and all Claimants whose claims have been rejected or

disallowed, in whole or in part, have been notified and provided the opportunity to cure.

The Fund Administrator has submitted a validated list of payees and payment amounts to 

the Commission staff, along with a Reasonable Assurances Letter as to the completeness and 

accuracy of the information contained therein. 

The Commission staff has reviewed the validated list of payees and requests that, 

pursuant to Rule 1101(b)(6) of the Commission’s Rules,6the Commission authorize the

disbursement of $194,454,692 from the Fair Fund to the Fair Fund’s Escrow Account at The 

Huntington National Bank to be distributed to harmed investors by the Fund Administrator in 

accordance with the Plan.

 

3

 Exchange Act Rel. No. 80559 (Apr. 28, 2017).

4

 All terms used herein but not defined shall have the same meanings ascribed to them in the Plan.

5

 In re Computer Sciences Corporation Securities Litigation, No. 11-cv-00610 (E.D. Va. 2011).

6

17 C.F.R. § 201.1106(b)(6).
3

Accordingly, it is ORDERED that the Commission staff shall disburse $194,454,692

from the Fair Fund to the Fair Fund’s Escrow Account at The Huntington National Bank and that 

the Fund Administrator shall distribute such monies to harmed investors as provided for in the 

Plan. 

By the Commission.

Vanessa A. Countryman

Acting Secretary