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

Mar 10, 2011, 12:09 ET from Robbins Geller Rudman & Dowd LLP

SAN DIEGO, March 10, 2011 /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



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In re NOAH EDUCATION HOLDINGS LTD. SECURITIES LITIGATION


This Document Relates To:


ALL ACTIONS.

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Civil Action No. 1:08-cv-09203-RJS


CLASS ACTION




SUMMARY NOTICE

TO:  ALL PERSONS WHO PURCHASED NOAH EDUCATION HOLDINGS, LTD. ("NOAH") AMERICAN DEPOSITORY SHARES ("ADS") PURSUANT AND/OR TRACEABLE TO NOAH'S INITIAL PUBLIC OFFERING ON OR ABOUT OCTOBER 18, 2007 THROUGH NOVEMBER 19, 2007, INCLUSIVE

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Southern District of New York, a hearing will be held on May 27, 2011, at 2:00 p.m., before the Honorable Richard J. Sullivan, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York 10007, for the purpose of determining (1) whether the proposed settlement of the Action for the sum of $1,750,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Action should be dismissed with prejudice against the Defendants as set forth in the Settlement Agreement dated February 2, 2011; (3) whether the Plan of Distribution of settlement proceeds 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 incurred in connection with this Action, together with interest thereon.

If you purchased Noah ADS pursuant and/or traceable to Noah's initial public offering on or about October 18, 2007 through November 19, 2007, inclusive, your rights may be affected by this Action and the settlement thereof.  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 Noah Education Holdings, Ltd. Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 5100, Larkspur, CA 94977-5100, 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 June 6, 2011, establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by May 13, 2011.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than May 13, 2011, and received by the following no later than May 13, 2011:

ROBBINS GELLER RUDMAN & DOWD LLP

ELLEN GUSIKOFF STEWART

655 West Broadway, Suite 1900

San Diego, CA  92101

Counsel for Lead Plaintiff


LATHAM & WATKINS LLP

JAMES J. FARRELL

355 South Grand Avenue

Los Angeles, CA  90071

Counsel for Noah Education Holdings, Ltd.


CAHILL GORDON & REINDEL LLP

JOEL KURTZBERG

80 Pine Street

New York, NY  10005

Counsel for the Underwriter Defendants


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



DATED: February 15, 2011

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

SOURCE Robbins Geller Rudman & Dowd LLP



RELATED LINKS

http://www.gilardi.com