Entwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP announce proposed settlement of Feihe International, Inc. Shareholder Litigation
SALT LAKE CITY, July 15, 2015 /PRNewswire/ -- The following statement is being issued by Entwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP regarding the Feihe International, Inc. Shareholder Litigation:
THIRD JUDICIAL DISTRICT COURT
SALT LAKE COUNTY, STATE OF UTAH
IN RE FEIHE INTERNATIONAL, INC. SHAREHOLDER LITIGATION |
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Lead Case No. 120906911 |
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CLASS ACTION |
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This Document Relates To: ALL ACTIONS. |
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The Honorable Andrew H. Stone |
SUMMARY NOTICE
IF YOU HELD SHARES OF COMMON STOCK IN FEIHE INTERNATIONAL, INC. ("FEIHE") AT ANY TIME FROM AND INCLUDING OCTOBER 3, 2012 THROUGH AND INCLUDING JUNE 28, 2013 (THE "CLASS PERIOD"), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF A CLASS ACTION.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Third Judicial District Court for Salt Lake County, Utah, that a hearing will be held on August 24, 2015, at 9:00 a.m., at the Court's chambers, 450 South State Street, Salt Lake City, Utah 84114, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Action for the sum of $6,500,000.00 in cash plus accrued interest should be approved by the Court as fair, reasonable, and adequate; (2) whether the Court should enter a final judgment in the Action on the merits against the named Plaintiffs and the Class as set forth in the Stipulation of Settlement dated May 27, 2015 ("Stipulation");[1] (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Plaintiffs' Counsel for an award of attorneys' fees and expenses incurred in connection with this litigation should be approved.
If you held Feihe common stock at any time from and including October 3, 2012, through and including June 28, 2013, your rights may be affected by the settlement of this Action. If you have not received a detailed Notice of Proposed Settlement of Class Action, Settlement Hearing and Right to Appear ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Feihe International, Shareholder Litigation, Settlement Administrator, c/o Gilardi & Co. LLC, P.O. Box 990, Corte Madera, CA 94976-0990, or you can download a copy at www.feiheshareholderlitigation.com. If you are a Class Member, in order to share in the distribution of the Net Settlement Amount, you must submit a Proof of Claim and Release form postmarked no later than November 6, 2015, establishing that you are entitled to recovery. You will be bound by any judgment rendered in the Action whether or not you make a claim.
If you held Feihe common stock at any time from and including October 3, 2012, through and including June 28, 2013, and you desire to be excluded from the Class, you must submit a request for exclusion so that it is received no later than August 10, 2015, in the manner and form explained in the detailed Notice referred to above. All members of the Class who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Action pursuant to the Stipulation.
Any objection to the Settlement, the Plan of Allocation, or Plaintiffs' Counsel's request for an award of attorneys' fees and expenses must be filed with the Court at the address above and served by hand or first-class mail on counsel listed below such that it is received no later than August 10, 2015:
Vincent R. Cappucci ENTWISTLE & CAPPUCCI LLP 280 Park Avenue, 26th Floor West New York, NY 10017 |
Carl L. Stine WOLF POPPER LLP 845 Third Avenue New York, NY 10022 |
Ellen Gusikoff Stewart ROBBINS GELLER RUDMAN & DOWD LLP 655 West Broadway, Suite 1900 San Diego, CA 92101 |
Jon V. Harper ANDERSON & KARRENBERG, P.C. 50 West Broadway, Suite 700 Salt Lake City, UT 84101 |
Eric S. Waxman SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP 300 South Grand Avenue, Suite 3400 Los Angeles, CA 90071 |
Robert S. Clark PARR BROWN GEE & LOVELESS, P.C. 185 South State Street, Suite 800 Salt Lake City, UT 84111 |
Paul J. Lockwood Nicole A. DiSalvo SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP One Rodney Square P.O. Box 636 Wilmington, DE 19899-0636 |
Andrew R. Escobar DLA PIPER LLP (US) 701 Fifth Avenue, Suite 7000 Seattle, WA 98104 |
James S. Jardine RAY QUINNEY & NEBEKER P.C. 36 South State Street, Suite 1400 P.O. Box 45385 Salt Lake City, UT 84111 |
Matthew L. Lalli SNELL & WILMER L.L.P. 15 W South Temple #1200 Salt Lake City, UT 84101-1531 |
If you held Feihe common stock at any time from and including October 3, 2012 through and including June 28, 2013 and you do not take the required steps to appear in this Action, object to the proposed Settlement, or exclude yourself from the Class, and the Settlement is approved, you will be barred from raising an objection to the Settlement in this or any other action or proceeding, bound by the Settlement and the Court's judgment, and certain claims that you might have released.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.
DATED: June 25, 2015 |
BY ORDER OF THE THIRD JUDICIAL DISTRICT COURT FOR SALT LAKE COUNTY, UTAH |
1 All capitalized terms not otherwise defined herein shall have the same meanings as set forth in the Stipulation.
SOURCE Robbins Geller Rudman & Dowd LLP; Entwistle & Cappucci LLP
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