Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Barclays Securities Litigation

Dec 30, 2015, 11:38 ET from Robbins Geller Rudman & Dowd LLP

NEW YORK, Dec. 30, 2015 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Barclays Securities Litigation:

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK


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CARPENTERS PENSION TRUST FUND OF ST. LOUIS, et al., Individually and on Behalf of All Others Similarly Situated,

Plaintiffs,

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BARCLAYS PLC, et al.,

Defendants.

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Civil Action No. 1:12-cv-05329-SAS

CLASS ACTION

SUMMARY NOTICE

 

 

TO:  ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED AMERICAN DEPOSITARY SHARES ("ADS") OF BARCLAYS PLC ("BARCLAYS") DURING THE PERIOD BETWEEN JULY 10, 2007 AND JUNE 27, 2012, INCLUSIVE ("CLASS PERIOD")

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on March 14, 2016, at 4:30 p.m., before the Honorable Shira A. Scheindlin, United States District Judge, at the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, Courtroom 15C, New York, NY 10007, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Litigation for the principal amount of $14,000,000, plus interest, should be approved by the Court as fair, just, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Litigation with prejudice; (3) whether the Plan of Allocation is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses and Class Representatives' expenses in connection with this Litigation should be approved.

IF YOU PURCHASED OR OTHERWISE ACQUIRED BARCLAYS ADS DURING THE PERIOD BETWEEN JULY 10, 2007 AND JUNE 27, 2012, INCLUSIVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.  If you have not received a detailed Notice of Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Barclays Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or on the internet at www.barclayssecuritieslitigation.com.  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 by mail (postmarked no later than March 21, 2016) or online no later than March 21, 2016, establishing that you are entitled to recovery.

If you are a Class Member, you will be bound by any judgment rendered in the Litigation unless you request to be excluded from the Class.  If you desire to be excluded from the Class, you must submit a request for exclusion such that it is postmarked no later than February 22, 2016, in the manner and form explained in the detailed Notice, referred to above.

Any objection to the Settlement, the Plan of Allocation of the Settlement proceeds, or the fee and expense applications must be mailed to each of the following recipients, postmarked no later than February 22, 2016:

CLERK OF THE COURT

UNITED STATES
    DISTRICT COURT

SOUTHERN DISTRICT
    OF NEW YORK

DANIEL PATRICK
    MOYNIHAN UNITED

    STATES COURTHOUSE

500 Pearl Street

New York, NY  10007

Lead Counsel:


ROBBINS GELLER

    RUDMAN & DOWD LLP

DAVID A. ROSENFELD

58 South Service Road, Suite 200
Melville, NY  11747

Counsel for Certain Defendants:


SULLIVAN &
   CROMWELL LLP

MATTHEW J. PORPORA

125 Broad Street

New York, NY  10004

 

 

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the Settlement or the Litigation, you may contact Lead Counsel at the address listed above or by contacting Rick Nelson, a representative of Lead Counsel at 1-800-449-4900.

DATED: December 4, 2015

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

 

 

SOURCE Robbins Geller Rudman & Dowd LLP



RELATED LINKS

http://www.barclayssecuritieslitigation.com