Bernstein Litowitz Berger & Grossmann LLP and Wolf Popper LLP Announce a Proposed Settlement of Amedisys, Inc. Securities Litigation
NEW YORK, Sept. 27, 2017 /PRNewswire/ --
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF LOUISIANA
ROBERT F. BACH, et al., |
Consolidated Securities Class Action |
Plaintiff, |
Civil Action No. 10-00395-BAJ-RB |
v. |
Consolidated With: |
AMEDISYS, INC., et al., |
No. 10-464-BAJ-RB |
No. 10-470-BAJ-RB |
|
Defendants. |
No. 10-497-BAJ-RB |
SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND
CERTIFICATION OF SETTLEMENT CLASS; (II) PROPOSED SETTLEMENT;
(III) SETTLEMENT HEARING; AND (IV) MOTION FOR AN AWARD OF
ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES
TO: |
All persons and entities who or which purchased the publicly traded common stock of Amedisys, Inc. during the period from August 2, 2005 through September 30, 2011, inclusive (the "Settlement Class Period"), and were damaged thereby (the "Settlement Class"): |
PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Middle District of Louisiana, that the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Settlement Class, except for certain persons and entities who are excluded from the Settlement Class by definition as set forth in the full printed Notice of (I) Pendency of Class Action and Certification of Settlement Class; (II) Proposed Settlement; (III) Settlement Hearing; and (IV) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice").
YOU ARE ALSO NOTIFIED that the Lead Plaintiffs in the Action, the Public Employees' Retirement System of Mississippi and Puerto Rico Teachers' Retirement System ("Lead Plaintiffs"), on behalf of themselves and the other members of the Settlement Class, have reached a proposed settlement of the Action with Defendants Amedisys, Inc. ("Amedisys"), Wendy Stabiler Borne as Independent Executrix of the Succession of Wiliam F. Borne, Jeffrey D. Jeter, Dale E. Redman, Larry R. Graham, Alice Ann Schwartz, Gregory Browne, and John F. Giblin (the "Defendants") for $43,750,000.00 in cash (the "Settlement"). If the Settlement is approved by the Court, it will resolve all claims in the Action.
A hearing will be held on December 13, 2017 at 11:00 a.m., before the Honorable Chief Judge Brian A. Jackson at the United States District Court for the Middle District of Louisiana, United States Court House, Courtroom 2, 777 Florida Street, Baton Rouge, LA 70801, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation and Agreement of Settlement dated August 4, 2017 (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of Litigation Expenses should be approved.
If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund. If you have not yet received the Notice and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at Amedisys Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 173042, Milwaukee, WI 53217, by toll-free phone at 877-207-7560, or by email at [email protected]. Copies of the Notice and Claim Form can also be downloaded from the website maintained by the Claims Administrator, www.AmedisysSecuritiesLitigation.com.
If you are a member of the Settlement Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than January 16, 2018. If you are a member of the Settlement Class and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.
If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is received no later than November 22, 2017, in accordance with the instructions set forth in the Notice. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement.
Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and reimbursement of Litigation Expenses, must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than November 22, 2017, in accordance with the instructions set forth in the Notice.
Please do not contact the Court, the Clerk's office, Amedisys, or Defendants' Counsel regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.
Requests for the Notice and Claim Form should be made to:
Amedisys Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173042
Milwaukee, WI 53217
877-207-7560
Inquiries, other than requests for the Notice and Claim Form, should be made to Lead Counsel:
BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP |
WOLF POPPER LLP |
|
John C. Browne, Esq. |
Robert C. Finkel, Esq. |
|
1251 Avenue of the Americas, 44th Floor |
or |
845 Third Avenue, 12th Floor |
New York, NY 10020 |
New York, NY 10022 |
|
(800) 380-8496 |
(212) 759-4600 |
By Order of the Court
SOURCE Bernstein Litowitz Berger & Grossmann LLP and Wolf Popper LLP
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