Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of The Great Atlantic & Pacific Tea Company, Inc. Securities Litigation

NEWARK, N.J., Sept. 5, 2014 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding The Great Atlantic & Pacific Tea Company, Inc. Securities Litigation:

TO:           ALL PERSONS WHO PURCHASED THE PUBLICLY-TRADED SECURITIES OF THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC. ("A&P" OR THE "COMPANY") BETWEEN JULY 23, 2009 AND DECEMBER 10, 2010, INCLUSIVE (THE "CLASS PERIOD")

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the District of New Jersey, a hearing will be held on December 18, 2014, at 10:00 a.m., before the Honorable William J. Martini, at the Martin Luther King Building & United States Courthouse, Courtroom MLK 4B, 50 Walnut Street, Newark, New Jersey 07101, for the purpose of determining (1) whether the proposed Settlement of the Action for the sum of Nine Million Dollars ($9,000,000.00) 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 Settling Defendants as set forth in the Settlement Agreement dated May 8, 2014; (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, together with interest thereon, and payment to Lead Plaintiffs for their expenses incurred in representing the Class.

If you purchased A&P publicly-traded securities during the period July 23, 2009 through December 10, 2010, 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 form, you may obtain copies by writing to A&P Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at www.aandpsecuritiessettlement.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 form postmarked no later than December 2, 2014, 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 no later than November 25, 2014.

Any objection to any aspect of the Settlement must be filed with the Clerk of the Court no later than November 25, 2014, and received by the following no later than November 25, 2014:

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

DATED: August 13, 2014

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
DISTRICT OF NEW JERSEY

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SOURCE Robbins Gellar Rudman & Dowd LLP