Robbins Geller Rudman & Dowd LLP Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing. The Following Statement Is Being Issued by Robbins Geller Rudman & Dowd LLP Pursuant to an Order of the United States District Court, Middle District of Tennessee, Nashville Division.
SAN DIEGO, May 20 /PRNewswire/ --
UNITED STATES DISTRICT COURT |
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MIDDLE DISTRICT OF TENNESSEE |
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NASHVILLE DIVISION |
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In re AMERICA SERVICE GROUP, et al. This Document Relates To: ALL ACTIONS. |
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Civil Action No. 3:06-cv-00323 CLASS ACTION Judge Haynes SUMMARY NOTICE |
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TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED AMERICA SERVICE GROUP INC. ("AMERICA SERVICE GROUP") PUBLICLY TRADED SECURITIES BETWEEN SEPTEMBER 24, 2003 AND MARCH 16, 2006, INCLUSIVE.
YOU ARE HEREBY NOTIFIED that, pursuant to an Order of the United States District Court for the Middle District of Tennessee, Nashville Division, a hearing will be held on October 15, 2010, at 10:00 a.m., before the Honorable William J. Haynes, Jr., United States District Judge, at the United States District Courthouse, 801 Broadway, Nashville, TN 37203, for the purpose of determining: (1) whether the proposed Settlement of the above-captioned Litigation for the sum of $10,500,000 in cash, plus accrued interest, plus 300,000 shares of America Service Group common stock, should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice as set forth in the Stipulation of Settlement dated April 28, 2010 (the "Stipulation"); (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for the payment of attorneys' fees and expenses and the reimbursement of the Lead Plaintiff's expenses incurred in connection with this Litigation.
If you purchased or acquired publicly traded securities of America Service Group during the period beginning September 24, 2003 through March 16, 2006, inclusive, your rights may be affected by this Litigation and the Settlement thereof. If you have not received a copy of the Notice of Pendency and Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release, you may obtain copies by writing to the Claims Administrator:
America Service Group Securities Litigation |
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c/o Gilardi & Co. LLC |
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Claims Administrator |
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P.O. Box 8040 |
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San Rafael, CA 94912-8040 |
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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 postmarked no later than August 16, 2010, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing in the manner and form explained in the Notice, to the Claims Administrator at the above address, postmarked no later than July 2, 2010.
Any objection to the Settlement, the Plan of Allocation, or the application for attorneys' fees and expenses must be filed with the Clerk of the Court at the address below no later than September 1, 2010:
CLERK OF THE COURT |
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UNITED STATES DISTRICT COURT |
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MIDDLE DISTRICT OF TENNESSEE |
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NASHVILLE DIVISION |
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801 Broadway |
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Nashville, TN 37203 |
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and copies received by the following counsel no later than September 1, 2010:
ELLEN GUSIKOFF STEWART |
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ROBBINS GELLER RUDMAN & DOWD LLP |
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655 West Broadway, Suite 1900 |
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San Diego, CA 92101 |
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Counsel for Plaintiffs |
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B. WARREN POPE |
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KING & SPALDING LLP |
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1180 Peachtree Street, N.E. |
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Atlanta, GA 30309 |
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Counsel for Defendants |
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D. ALEXANDER FARDON |
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HARWELL HOWARD HYNE GABBERT |
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& MANNER, P.C. |
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315 Deaderick Street, Suite 1800 |
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Nashville, TN 37238 |
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Counsel for Defendants |
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PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. |
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BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION
DATED: May 3, 2010
SOURCE Robbins Geller Rudman & Dowd LLP
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