Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of the Belo Corp. Securities Litigation

NEW YORK, April 2, 2015 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Belo Corp. Securities Litigation:

IF YOU HELD SHARES OF COMMON STOCK IN BELO CORP. ("BELO") AND RECEIVED CONSIDERATION FOR YOUR SHARES IN THE ACQUISITION OF BELO BY GANNETT CO., INC. ("GANNETT") AT THE PRICE OF $13.75 PER SHARE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF A CLASS ACTION.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the District Court of Dallas County, Texas, 68th Judicial District (the "Court"), that a hearing will be held on June 1, 2015, at 3:30 p.m., at the 68th District Court for the County of Dallas, Texas, George L. Allen, Sr. Courts Building, 600 Commerce Street, 5th Floor New Tower, Dallas, Texas 75202, for the purpose of determining: (1) whether the proposed settlement of the claims in the class action entitled Hulsebus, et al. v. Belo Corp., et al., Cause No. DC-13-06601-C (the "Action") for the sum of $4,500,000.00 in cash plus accrued interest should be approved by the Court as fair, reasonable, and adequate; (2) whether the Court should enter a final judgment in the Action on the merits against the named Plaintiffs and the class as set forth in the Stipulation of Settlement dated January 7, 2015 ("Stipulation"); (3) whether the proposed plan of allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Plaintiffs' Counsel for an award of attorneys' fees and expenses should be approved.

If you have not received a detailed Notice of Pendency and Settlement of Class Action and Hearing on Proposed Settlement (the "Notice") and a copy of a proof of claim and release form, you may obtain copies by writing to Belo Shareholder Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 990, Corte Madera, CA 94976-0990, or you can download a copy at www.beloshareholderlitigation.com. If you are a member of the class, you must submit a completed proof of claim and release form postmarked no later than July 1, 2015, in order to share in the proceeds of the settlement. You will be bound by any judgment rendered in the Action whether or not you make a claim.

If you desire to be excluded from the class, you must submit a request for exclusion postmarked by May 13, 2015, in the manner and form explained in the Notice referred to above. All members of the class who have not requested exclusion from the class will be bound by any judgment entered in the Action pursuant to the Stipulation, regardless of whether or not a proof of claim and release form is submitted.

Any objection to the settlement, the plan of allocation or Plaintiffs' Counsel's request for an award of attorneys' fees and expenses must be filed with the Court at the address below and served by hand or first-class mail on counsel listed below such that it is received no later than May 18, 2015:

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

DATED: February 27, 2015

BY ORDER OF THE DISTRICT COURT
OF DALLAS COUNTY, TEXAS
68TH JUDICIAL DISTRICT

SOURCE Robbins Gellar Rudman & Dowd LLP

Related Links

http://www.beloshareholderlitigation.com