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, Southern District of Ohio, Western Division (Dayton).

Jun 15, 2010, 19:46 ET from Robbins Geller Rudman & Dowd LLP

SAN DIEGO, June 15 /PRNewswire/ --

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF OHIO

WESTERN DIVISION (DAYTON)



In re huffy corporation securities litigation

This Document Relates To:

ALL ACTIONS.

)

)

)

)

)

)

)

Lead Case No. 3:05cv0028

CLASS ACTION

Judge Walter Herbert Rice
Magistrate Judge Sharon L. Ovington



SUMMARY NOTICE



TO: ALL PERSONS AND ENTITIES WHO PURCHASED HUFFY CORPORATION ("HUFFY") PUBLICLY-TRADED SECURITIES DURING THE PERIOD BETWEEN APRIL 16, 2002 AND AUGUST 13, 2004, INCLUSIVE

YOU ARE NOTIFIED that pursuant to an Order of the United States District Court for the Southern District of Ohio, Western Division (Dayton), a hearing will be held on October 8, 2010, at 9:00 a.m., before the Honorable Senior United States District Judge, Walter Herbert Rice, at the United States Courthouse and Federal Building, Room 909, 200 West Second Street, Dayton, Ohio 45402, for the purpose of determining: (1) whether the proposed settlement of the Litigation for the sum of Eight Million Dollars ($8,000,000) in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement Agreement and Release ("Stipulation") dated May 12, 2010; (3) whether the Plan of Allocation of settlement proceeds should be approved as fair, reasonable, and adequate; and (4) the reasonableness of the Fee and Expense Application of Lead Counsel, and the reimbursement of time and expenses to Lead Plaintiffs.

If you purchased Huffy publicly-traded securities between April 16, 2002 and August 13, 2004, inclusive, your rights may be affected by this Litigation and the settlement of this Litigation.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to Huffy Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 990, Corte Madera, CA 94976-0990, by calling toll-free telephone 1-866-246-0928, by sending an email to classact@gilardi.com, or by downloading this information at www.gilardi.com.

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 September 13, 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, to the above address, by September 8, 2010.

Any objection to the settlement must be filed with the Court and received by counsel listed below no later than September 8, 2010.

ROBBINS GELLER RUDMAN & DOWD LLP

ELLEN GUSIKOFF STEWART

655 West Broadway, Suite 1900

San Diego, CA 92101


Counsel for Lead Plaintiffs


and


FARUKI IRELAND & COX P.L.L.

D. JEFFREY IRELAND

500 Courthouse Plaza, S.W.

10 North Ludlow Street

Dayton, OH 45402


Counsel for Defendants



PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

Dated: June 4, 2010

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF OHIO

WESTERN DIVISION (DAYTON)



SOURCE Robbins Geller Rudman & Dowd LLP



RELATED LINKS

http://www.gilardi.com