Robbins Geller Rudman & Dowd LLP Announces Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

Oct 15, 2010, 12:00 ET from Robbins Geller Rudman & Dowd LLP

SAN DIEGO, Calif., Oct. 15 /PRNewswire/ -- 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 New York:

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK


In re AGRIA CORPORATION securities litigation

This Document Relates To:

      ALL ACTIONS.

:

:

:

Civil Action No. 1:08-cv-03536-WHP

CLASS ACTION

SUMMARY NOTICE




TO: ALL PERSONS ("CLASS MEMBERS") WHO PURCHASED AMERICAN DEPOSITORY SHARES ("ADS") OF AGRIA CORPORATION ("AGRIA") PURSUANT AND/OR TRACEABLE TO AGRIA'S INITIAL PUBLIC OFFERING ON OR ABOUT NOVEMBER 6, 2007 THROUGH JUNE 26, 2008, INCLUSIVE

YOU ARE HEREBY NOTIFIED, pursuant to an order of the United States District Court for the Southern District of New York, that a hearing will be held on January 21, 2011, at 12:00 p.m., before the Honorable William H. Pauley III, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York, for the purpose of determining (1) whether the proposed settlement of the claims in the litigation described in the detailed Notice of Pendency and Proposed Settlement of Class Action (the "Notice") for the sum of $3,750,000.00 (the "Settlement Fund") in cash 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 August 6, 2010 (the "Stipulation"); (3) whether the Plan of Distribution is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this litigation should be approved.

If you purchased Agria ADS pursuant and/or traceable to its initial public offering during the period on or about November 6, 2007 through June 26, 2008, inclusive, your rights may be affected by the settlement of this litigation. If you have not received the Notice and a copy of the Proof of Claim and Release ("Release"), you may obtain copies by writing to Agria Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 5100, Larkspur, CA 94977-5100 or on the internet 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 Release postmarked no later than January 14, 2011, establishing that you are entitled to recovery.

If you desire to be excluded from the Class, you must submit a request for exclusion postmarked by January 7, 2011, in the manner and form explained in the detailed Notice referred to above. All Class Members who have not requested exclusion from the Class will be bound by any judgment entered in the litigation pursuant to the Stipulation.

Any objection to the settlement must be mailed or delivered such that it is received by each of the following no later than January 7, 2011:

CLERK OF THE COURT

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

Daniel Patrick Moynihan United States Courthouse

500 Pearl Street

New York, NY 10007


Ellen Gusikoff Stewart

ROBBINS GELLER RUDMAN & DOWD LLP

655 West Broadway, Suite 1900

San Diego, CA  92101-3301

Lead Counsel for Plaintiff


James J. Farrell

Wendy P. Harper

LATHAM & WATKINS LLP

355 South Grand Avenue

Los Angeles, CA  90071-1560

Counsel for Defendant Agria Corporation

and the Individual Defendants


Lawrence Byrne

Paul S. Hessler

A. Hyun Rich

LINKLATERS LLP

1345 Avenue of the Americas

New York, NY 10105

Counsel for the Underwriter Defendants



PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the settlement, you may contact Lead Counsel at the address listed above.

DATED:  September 20, 2010

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK



SOURCE Robbins Geller Rudman & Dowd LLP