Motley Rice LLC announces $4.75 million Settlement proposed with Impax Laboratories, Inc.

Aug 04, 2015, 08:00 ET from Motley Rice LLC

SAN FRANCISCO, Aug. 4, 2015 /PRNewswire/ -- Luis Aruliah v. Impax Laboratories, Inc., N.D. Cal., No. 3:14-cv-03673-JD.

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF IMPAX LABORATORIES, INC. DURING THE PERIOD BETWEEN MARCH 6, 2013 AND AUGUST 1, 2014, INCLUSIVE (THE "CLASS").

YOU ARE HEREBY NOTIFIED that this class action is pending and that a settlement of it for Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000.00) has been proposed.  A hearing will be held before the Honorable James Donato in Courtroom 11, 19th Floor of the United States District for the Northern District of California, 450 Golden Gate Avenue, San Francisco, California 94102-3489, at 10:00 a.m., on October 28, 2015 to determine whether:  (1) the proposed settlement should be approved by the Court as fair, reasonable, and adequate; (2) Lead Counsels' application for an award of attorneys' fees and reimbursement should be approved; and (3) the claims against all Defendants should be dismissed with prejudice. 

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND.  If you have not received the full detailed Notice of Pendency and Proposed Settlement of Class Action (the "Notice") and Proof of Claim and Release form, ("Proof of Claim") you may obtain them by contacting:

Impax Aruliah Securities Litigation
c/o KCC Class Action Services
P.O. Box 30193
College Station, TX 77842-3193
Telephone:  (877) 790-2128
Email: Info@ImpaxArluiahSecuritiesSettlement.com
or visit www.ImpaxAruliahSecuritiesSettlement.com

Inquiries, other than requests for information about the status of a claim, also may be made to Lead Counsel:

Gregg S. Levin
MOTLEY RICE LLC
28 Bridgeside Boulevard
Mt. Pleasant, SC  29464
Telephone:  (843) 216-9000
Facsimile:  (843) 216-9450

William H. Narwold
MOTLEY RICE LLC
One Corporate Center
20 Church Street, 17th Floor
Hartford, CT  06103
Telephone:  (860) 882-1681
Facsimile:  (860) 882-1682

To participate in the Settlement, you must submit a Proof of Claim no later than December 19, 2015.  As more fully described in the Notice, the deadline for submitting objections to the Settlement and requests for exclusions from the Class is October 7, 2015; they must be received by this date.

Further information may also be obtained by writing to the Claims Administrator, at the address listed above.

Please do not contact the Court.

BY ORDER OF THE COURT

SOURCE Motley Rice LLC