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Coughlin Stoia Geller Rudman & Robbins LLP Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing

 

SAN FRANCISCO, Dec. 9 /PRNewswire/ -- The following statement is being issued by Coughlin Stoia Geller Rudman & Robbins LLP pursuant to an order of the United States District Court, CENTRAL DISTRICT OF CALIFORNIA, WESTERN DIVISION.


UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION

LAURI S. BATWIN, On Behalf of Herself
and All Others Similarly Situated,        No. 2:07-cv-02750-CAS(SHx)
Plaintiff,                                 (Consolidated)
vs.                                       CLASS ACTION
                                          ------------
OCCAM NETWORKS, INC., et al.,             SUMMARY NOTICE
Defendants.

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED OCCAM NETWORKS, INC. ("OCCAM") COMMON STOCK DURING THE PERIOD BETWEEN APRIL 29, 2004 AND OCTOBER 15, 2007, INCLUSIVE ("CLASS PERIOD")

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, Western Division, that a hearing will be held on February 22, 2010, at 10:00 a.m., before the Honorable Christina A. Snyder, United States District Judge, at the United States District Courthouse, 312 North Spring Street, Los Angeles, CA 90012, for the purpose of determining: (1) whether the proposed settlement of the claims in the Litigation against the Defendants for the sum of $13,945,000 in cash, plus accrued interest, should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice as set forth in the Stipulation of Settlement dated November 2, 2009 (the "Stipulation"); (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses and the reimbursement of the Lead Plaintiff's expenses incurred in connection with this Litigation should be approved.

If you purchased or acquired Occam common stock during the period beginning April 29, 2004 through and including October 15, 2007, your rights may be affected by the settlement of this Litigation. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Occam Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 808003, Petaluma, CA 94975-8003. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than March 8, 2010, establishing that you are entitled to recovery. You will be bound by any judgment rendered in the Litigation whether or not you make a claim.

If you desire to be excluded from the Class, you must submit a request for exclusion postmarked by February 8, 2010, in the manner and form explained in the detailed Notice referred to above. All members of the Class who have not requested exclusion from the Class will be bound by any judgment entered in the Litigation pursuant to the Stipulation.

Any objection to the settlement must be mailed or delivered such that it is received by each of the following no later than February 8, 2010:


CLERK OF THE COURT
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION
312 North Spring Street
Los Angeles, CA  90012

COUGHLIN STOIA GELLER RUDMAN
   & ROBBINS LLP
ELLEN GUSIKOFF STEWART
655 West Broadway, Suite 1900
San Diego, CA  92101
Lead Counsel for Plaintiffs

WILSON SONSINI GOODRICH & ROSATI, P.C.
JEROME F. BIRN, JR.
GREGORY L. WATTS
650 Page Mill Road
Palo Alto, CA 94304-1050

GIBSON, DUNN & CRUTCHER LLP
SCOTT A. FINK
555 Mission Street, Suite 3000
San Francisco, CA 94105-2933

COOLEY GODWARD KRONISH LLP
CHRISTOPHER SUNDERMEIER
Five Palo Alto Square, 4th Floor
3000 El Camino Real
Palo Alto, CA 94306-2155

MORRISON & FOERSTER, LLP
JORDAN ETH
PHILIP T. BESIROF
TIMOTHY W. BLAKELY
425 Market Street
San Francisco, CA 94105-2482

GARRETT & TULLY
EFREN A. COMPEAN
225 South Lake Avenue, Suite 1400
Pasadena, CA  91101

HAYES SCOTT BONINO ELLINGSON & MCLAY LLP
STEPHEN A. SCOTT
203 Redwood Shores Parkway,
Suite 480
Redwood Shores, CA 94065
Counsel for Defendants


                  PLEASE DO NOT CONTACT THE COURT OR THE
                   CLERK'S OFFICE REGARDING THIS NOTICE.

DATED: November 12, 2009

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA

WESTERN DIVISION

SOURCE Coughlin Stoia Geller Rudman & Robbins LLP

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