Kessler Topaz Meltzer & Check, LLP and Labaton Sucharow LLP Announce Pendency of Class Action on Behalf of Purchasers of Precision Castparts, Corp. Common Stock

SEATTLE, March 11, 2019 /PRNewswire/ -- JND Class Action Administration

THIS NOTICE AFFECTS all individuals or entities who purchased or otherwise acquired the common stock of Precision Castparts Corp. during the period of May 9, 2013 through January 15, 2015, inclusive, and were damaged thereby (the "Class").

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 District of Oregon, that Murphy v. Precision Castparts Corp., et al., Case No. 3:16-cv-00521-SB ("Action") against Precision Castparts Corp. ("PCC"), Mark Donegan, and Shawn R. Hagel (collectively, "Defendants"), has been certified as a class action on behalf of the Class, except for certain individuals and entities that are excluded from the Class by definition as set forth in the full printed Notice of Pendency of Class Action ("Notice"). Lead Plaintiffs AMF Pensionsförsäkring AB and the Oklahoma Firefighters Pension and Retirement System have been appointed by the Court to represent the Class.  There is no settlement or monetary recovery for Class Members at this time; this is only a notice that the Class has been certified.

IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS LAWSUIT.  The full printed Notice is currently being mailed to known Class Members. If you have not yet received a full printed Notice, you may obtain a copy from the website for the Action, www.PrecisionCastpartsSecuritiesLitigation.com, or by contacting the Administrator:

Murphy v. Precision Castparts Corp., et al.
c/o JND Legal Administration
P.O. Box 91228
Seattle, WA  98111
(888) 305-6485
[email protected]

If you did not receive the Notice by mail, and you are a member of the Class, please send your name and address to the Administrator so that if any future notices are disseminated in connection with the Action, you will receive them.  

Inquiries, other than requests for the Notice, may be made to Court-appointed Class Counsel:

If you are a Class Member, you have the right to decide whether to remain a member of the Class.  If you choose to remain a member of the Class, you do not need to do anything at this time other than retain your documentation reflecting your transactions in PCC common stock.  You will automatically be included in the Class, and you will be bound by the proceedings in the Action, including all past, present and future orders and judgments of the Court, whether favorable or unfavorable.  If you are a Class Member and do not wish to remain a member of the Class, you must take steps to exclude yourself from the Class.

If you timely and validly request to be excluded from the Class, you will not be bound by any orders or judgments in the Action, but you will not be eligible to receive a share of any money which might be recovered in the future for the benefit of the Class.  To exclude yourself from the Class, you must submit a written request for exclusion postmarked no later than May 3, 2019 in accordance with the instructions set forth in the full printed Notice.  Pursuant to Rule 23(e)(4) of the Federal Rules of Civil Procedure, it is within the Court's discretion whether to allow a second opportunity to request exclusion from the Class if there is a settlement or judgment in the Action; accordingly, this may be the only opportunity to request exclusion from the Class.

Further information may be obtained by contacting the Administrator as set forth above or visiting the website www.PrecisionCastpartsSecuritiesLitigation.com.

Please Do Not Call or Write the Court with Questions.

SOURCE Kessler Topaz Meltzer & Check, LLP; Labaton Sucharow LLP