Announcing Pendency of Class Action and Proposed Settlement Involving Purchases of Fiat Chrysler Automobiles N.V. Common Stock

NEW YORK, May 6, 2019  /PRNewswire/ --

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) MOTION FOR AN AWARD OF ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES; AND
(III) SETTLEMENT FAIRNESS HEARING

TO:     All persons and entities who purchased or otherwise acquired, on a U.S. exchange or in a transaction in the United States, Fiat Chrysler Automobiles N.V. common stock between October 13, 2014 and May 23, 2017, both dates inclusive (the "Class").

Certain persons and entities are excluded from the Class as set forth in detail in the Stipulation and Agreement of Settlement dated April 5, 2019 ("Stipulation") and the Notice described below.

PLEASE READ THIS NOTICE CAREFULLY; YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

ADDITIONAL INFORMATION ABOUT THE SETTLEMENT IS AVAILABLE ON THE SETTLEMENT WEBSITE, WWW.FIATCHRYSLERSECURITIESLITIGATION.COM.

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 Southern District of New York ("Court"), that the above-captioned action ("Action") has been certified as a class action and that the parties to the Action have reached a proposed settlement for $110 million in cash ("Settlement"), that, if approved, will resolve all claims in the Action. A hearing will be held on September 5, 2019 at 3:00 p.m., before the Honorable Jesse M. Furman at the United States District Court for the Southern District of New York, Thurgood Marshall United States Courthouse, 40 Foley Square, Courtroom 1105, New York, NY 10007, 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 in the Notice described below) should be entered; (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 Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund. If you have not yet received the detailed Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses; and (III) Settlement Fairness Hearing ("Notice") and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at Fiat Chrysler Automobiles Securities Litigation Settlement, c/o Epiq Class Action & Claims Solutions, Inc., P.O. Box 5270, Portland, OR 97208-5270; 1-877-568-3518; [email protected]. Copies of the Notice and Claim Form can also be downloaded from the website maintained by the Claims Administrator, www.FiatChryslerSecuritiesLitigation.com. 

If you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked (if mailed), or online, no later than August 28, 2019, in accordance with the instructions set forth in the Claim Form. If you are a 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 releases, judgments or orders entered by the Court in the Action.

If you are a member of the Class and wish to exclude yourself from the Class, you must submit a request for exclusion such that it is received no later than August 15, 2019, in accordance with the instructions set forth in the Notice. If you properly exclude yourself from the Class, you will not be bound by any releases, judgments or orders entered by the Court in the Action and you will not be eligible to share in the net proceeds of the Settlement. Excluding yourself is the only option that allows you to be part of any other current or future lawsuit against Defendants or any of the other released parties concerning the claims being resolved by the Settlement. Please note, however, if you decide to exclude yourself from the Class, you may be time-barred from asserting the claims covered by the Action by a statute of repose.

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 August 15, 2019, in accordance with the instructions set forth in the Notice.

PLEASE DO NOT CONTACT THE COURT, THE CLERK'S OFFICE, DEFENDANTS OR THEIR COUNSEL REGARDING THIS NOTICE. All questions about this notice, the Settlement, or your eligibility to participate in the Settlement should be directed to Class Counsel or the Claims Administrator.

Requests for the Notice and Claim Form should be made to:

Claims Administrator
Fiat Chrysler Automobiles Securities Litigation Settlement
c/o Epiq Class Action & Claims Solutions, Inc.
P.O. Box 5270
Portland, OR 97208-5270
Tel.:  1-877-568-3518
[email protected] 
www.FiatChryslerSecuritiesLitigation.com

Inquiries, other than requests for the Notice and Claim Form, may be made to Class Counsel:

Class Counsel
Jeremy A. Lieberman
Pomerantz LLP
600 Third Avenue, Floor 20
New York, New York 10016
1-212-661-1100
[email protected]

Laurence Rosen
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
1-212-686-1060
[email protected]

SOURCE United States District Court for the Southern District of New York

Related Links

http://www.FiatChryslerSecuritiesLitigation.com