Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of HCA Holdings, Inc. Securities Litigation

Feb 05, 2016, 11:45 ET from Robbins Geller Rudman & Dowd LLP

NASHVILLE, Tenn., Feb. 5, 2016 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the HCA Holdings, Inc. Securities Litigation:

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION

 

KARSTEN SCHUH, Individually and on Behalf

of All Others Similarly Situated,
                                   Plaintiff,
             vs.
HCA HOLDINGS, INC., et al.,
                                   Defendants.

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Civil Action No. 3:11-cv-01033

(Consolidated)

Chief Judge Kevin H. Sharp

Magistrate Judge Barbara D. Holmes

CLASS ACTION

 

SUMMARY NOTICE

TO:     ALL PERSONS WHO ACQUIRED HCA HOLDINGS, INC. ("HCA") COMMON STOCK DURING THE PERIOD FROM MARCH 9, 2011 THROUGH OCTOBER 28, 2011, INCLUSIVE

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Middle District of Tennessee, Nashville Division, that a hearing will be held on April 11, 2016, at 3:30 p.m., before the Honorable Kevin H. Sharp, Chief Judge of the United States District Court for the Middle District of Tennessee, Nashville Division, Estes Kefauver Federal Building and United States Courthouse, 801 Broadway, Nashville, Tennessee 37203, for the purpose of determining: (1) whether the proposed settlement of the Litigation for $215 million should be approved by the Court as fair, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice ("Judgment") should be entered by the Court dismissing the Litigation with prejudice and releasing the Released Claims; (3) whether the Plan of Allocation for the Net Settlement Fund 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 a Lead Plaintiff award pursuant to 15 U.S.C. §77z-1(a)(4) should be approved.

IF YOU ACQUIRED HCA COMMON STOCK DURING THE TIME PERIOD FROM MARCH 9, 2011, THROUGH AND INCLUDING OCTOBER 28, 2011 (THE "CLASS PERIOD"), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION, INCLUDING THE RELEASE AND EXTINGUISHMENT OF CLAIMS YOU MAY POSSESS RELATING TO YOUR ACQUISITION OF HCA COMMON STOCK DURING THE CLASS PERIOD.  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 HCA Holdings Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912‑8040, or on the Internet at www.hcaholdingssecuritieslitigation.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 or online postmarked or submitted no later than April 26, 2016 establishing that you are entitled to recovery.

If you acquired HCA common stock during the Class Period and you desire to be excluded from the Class, you must submit a request for exclusion so that it is received no later than March 21, 2016 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 Litigation pursuant to the Stipulation of Settlement.

Any objection to the Settlement, the Plan of Allocation, Lead Counsel's request for attorneys' fees, costs, and expenses, and Lead Plaintiff's request for its time and expenses must be received by each of the following recipients no later than March 21, 2016:

CLERK OF THE COURT
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION
Estes Kefauver Federal Building and United States Courthouse
801 Broadway, Room 800
Nashville, TN  37203

 

Lead Counsel:

ROBBINS GELLER RUDMAN & DOWD     

        LLP

DARREN J. ROBBINS

SCOTT H. SAHAM

655 West Broadway, Suite 1900

San Diego, CA  92101

Counsel for Defendants:

 

RILEY WARNOCK & JACOBSON, PLC

STEVEN A. RILEY

1906 West End Avenue

Nashville, TN  37203

 

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the Settlement, you may contact Lead Counsel at the address listed above.

 

Dated: January 13, 2016

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

MIDDLE DISTRICT OF TENNESSEE

NASHVILLE DIVISION

 

SOURCE Robbins Geller Rudman & Dowd LLP