Entwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP announce proposed settlement of Feihe International, Inc. Shareholder Litigation

Jul 15, 2015, 11:26 ET from Robbins Geller Rudman & Dowd LLP from ,Entwistle & Cappucci LLP

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