Proposed settlement of In re EZCorp, Inc. Securities Litigation announced by Block & Leviton LLP and Glancy Prongay & Murray LLP
AUSTIN, Texas, Sept. 9, 2019 /PRNewswire/ --
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF TEXAS
AUSTIN DIVISION
In re EZCORP, INC. SECURITIES |
Lead Case No. 1:15-CV-00608-SS
Honorable Sam Sparks
|
SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND
PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING;
AND (III) MOTION FOR AN AWARD OF ATTORNEYS' FEES
AND REIMBURSEMENT OF LITIGATION EXPENSES
TO: All persons and entities who, during the period between January 28, 2014 and October 20, 2015, inclusive, purchased or otherwise acquired EZCORP's Class A common stock (NASDAQ:EZPW) and were injured 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 Western District of Texas, 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 Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice").
YOU ARE ALSO NOTIFIED that Lead Plaintiff in the Action has reached a proposed settlement of the Action for $4,875,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.
A hearing will be held on December 6, 2019 at 10:00 a.m., before the Honorable Sam Sparks at the United States District Court for the Western District of Texas, United States Courthouse, 501 West 5th Street, Suite 4120, Austin, TX 78701, 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 July 18, 2019 (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Class Counsel's application for an award of attorneys' fees and reimbursement of 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. The Notice and Proof of Claim and Release Form ("Claim Form"), can be downloaded from the website maintained by the Claims Administrator, www.EZCORPsettlement.com. You may also obtain copies of the Notice and Claim Form by contacting the Claims Administrator at In re EZCORP, Inc. Securities Litigation, c/o KCC Class Action Services, P.O. Box 43046, Providence, RI 02940-3046, 1-877-295-8619.
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 25, 2020. If you are a Settlement 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 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 15, 2019, 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 Class Counsel's motion for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to Class Counsel and Defendants' Counsel such that they are received no later than November 15, 2019, in accordance with the instructions set forth in the Notice.
Please do not contact the Court, the Clerk's office, EZCORP, 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 Class Counsel or the Claims Administrator.
Inquiries, other than requests for the Notice and Claim Form, should be made to Class Counsel:
Block & Leviton LLP
Attn: Jacob A. Walker, Esq.
260 Franklin Street, Suite 1860
Boston, MA 02110
Telephone: (617) 398-5617
Email: [email protected]
Glancy Prongay & Murray LLP
Attn: Casey E. Sadler, Esq.
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Telephone: (310) 201-9150
Email: [email protected]
Requests for the Notice and Claim Form should be made to:
In re EZCORP, Inc. Securities Litigation
c/o KCC Class Action Services
P.O. Box 43046
Providence RI 02940-3046
1-877-295-8619
www.EZCORPsettlement.com
DATED: August 5, 2019 By Order of the Court
SOURCE Block & Leviton LLP and Glancy Prongay & Murray LLP
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