Bernstein Litowitz Berger & Grossmann LLP, Grant & Eisenhofer P.A. and Kessler Topaz Meltzer & Check, LLP announce settlement of In Re JPMorgan Chase & Co. Securities Litigation

Feb 25, 2016, 08:00 ET from Bernstein Litowitz Berger & Grossmann LLP, Grant & Eisenhofer P.A. and Kessler Topaz Meltzer & Check, LLP

NEW YORK, Feb. 25, 2016 /PRNewswire/ --

UNITED STATES DISTRICT COURT
S
OUTHERN DISTRICT OF NEW YORK

 

IN RE JPMORGAN CHASE & CO.
SECURITIES LITIGATION

 

 

Master File No. 1:12-cv-03852-GBD

 

 

SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION, CLASS CERTIFICATION, AND PROPOSED SETTLEMENT; (II) SETTLEMENT
HEARING; AND (III) MOTION FOR AN AWARD OF
ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES

TO:   

All persons and entities who purchased or otherwise acquired the common stock of JPMorgan Chase & Co. ("JPMorgan") during the period from April 13, 2012 through May 21, 2012, inclusive (the "Class Period"), and who were damaged thereby (the "Class"):

PLEASE READ THIS NOTICE CAREFULLY. IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT, AND YOU MAY BE ENTITLED TO SHARE IN THE $150,000,000 SETTLEMENT.

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 Southern District of New York, that the parties in the above-captioned litigation (the "Action") have reached a proposed settlement for $150,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.

YOU ARE ALSO NOTIFIED that the Action has been certified as a class action on behalf of the Class. Certain persons and entities are, however, excluded from the Class by definition as set forth in the full printed Notice of (I) Pendency of Class Action, Class Certification, and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice"), which more completely describes the Settlement and your rights thereunder. If you have not yet received the Notice and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at In re JPMorgan Chase & Co. Securities Litigation, c/o KCC Class Action Services, P.O. Box 30204, College Station, TX 77842-3204, 1-877-368-8161. Copies of the Notice and Claim Form can also be downloaded from www.jpmorgansecuritieslitigation.com.

A hearing will be held on May 10, 2016 at 11:15 a.m., before the Honorable George B. Daniels at the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, Courtroom 11A, 500 Pearl Street, New York, NY 10007, 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 December 18, 2015 (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Co-Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

If you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than June 13, 2016. If you are a Class Member 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 Class and wish to exclude yourself from the Class, you must submit a request for exclusion such that it is received no later than April 19, 2016, in accordance with the instructions set forth in the Notice. If you properly exclude yourself from the 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 Co-Lead Counsel's motion for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to Co-Lead Counsel and Defendants' Counsel such that they are received no later than April 19, 2016, in accordance with the instructions set forth in the Notice.

Please do not contact the Court, the Clerk's office, JPMorgan, or its counsel regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Co-Lead Counsel or the Claims Administrator.

BERNSTEIN LITOWITZ BERGER
& GROSSMANN LLP

Salvatore J. Graziano, Esq.

1251 Avenue of the Americas,
44th Floor

New York, NY 10020

(800) 380-8496

blbg@blbglaw.com

 

GRANT &

EISENHOFER P.A.

Daniel L. Berger, Esq.

485 Lexington Avenue

New York, NY 10017

(646) 722-8505

dberger@gelaw.com

 

 

KESSLER TOPAZ
MELTZER & CHECK, LLP

Andrew L. Zivitz, Esq.

280 King of Prussia Road

Radnor, PA 19087

(610) 667-7706

info@ktmc.com

 

 

Requests for the Notice and Claim Form should be made to:

In re JPMorgan Chase & Co. Securities Litigation
c/o KCC Class Action Services
P.O. Box 30204
College Station, TX 77842-3204
1-877-368-8161
www.jpmorgansecuritieslitigation.com

By Order of the Court

 

SOURCE Bernstein Litowitz Berger & Grossmann LLP, Grant & Eisenhofer P.A. and Kessler Topaz Meltzer & Check, LLP



RELATED LINKS

http://www.jpmorgansecuritieslitigation.com