SAN FRANCISCO, Jan. 21, 2019 /PRNewswire/ --
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION
IN RE SANDISK LLC SECURITIES
Case No. 3:15-cv-01455-VC
Hon. Vince Chhabria
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION
To all persons and entities who purchased or otherwise acquired the publicly traded common stock of SanDisk Corporation ("SanDisk") during the period from October 16, 2014 through April 15, 2015 and were damaged thereby (the "Class").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Northern District of California (the "Court"), that the above-captioned action (the "Action") has been certified to proceed as a class action on behalf of the Class, defined above, subject to certain exclusions. IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION. At this time, there is no judgment, settlement, or monetary recovery.
If you are a Class Member, you have the right to decide whether to remain a member of the Class. If you choose to stay in the Class, you do not need to do anything at this time other than retain your documents relating to SanDisk, including documents reflecting all of your transactions (purchases and sales) in SanDisk publicly traded common stock during the period from October 16, 2014 through April 15, 2015. You will be included in the Class and all orders or judgments in the Action, whether favorable or unfavorable, will apply to you. (Note that the Class does not include anyone who has: (a) sold all of their SanDisk stock as of the first alleged corrective disclosure on March 26, 2015; and then (b) made no subsequent purchases or acquisitions between March 26, 2015 and April 15, 2015).
If you do not wish to remain a member of the Class, you must take steps to exclude yourself from the Class. If you ask to be excluded from the Class, you will not be bound by any order or judgment in the Action, but you will not be eligible to receive a share of any money which might be recovered for the benefit of the Class. To exclude yourself from the Class, you must submit a written request for exclusion postmarked or submitted online no later than February 28, 2019 in accordance with the instructions set forth in the full printed Notice of Pendency of Class Action (the "Notice"). Pursuant to the Federal Rules of Civil Procedure, it is within the Court's discretion whether to allow a second opportunity to request exclusion from the Class in the event there is a future settlement or judgment in the Action.
This notice is only a summary. The full printed Notice is currently being mailed to known potential Class Members. If you have not received a copy of the Notice, you may obtain a copy of the Notice by downloading it from www.SanDiskSecuritiesLitigation.com or by contacting the Administrator at:
SanDisk Securities Litigation
P.O. Box 3058
Portland, OR 97208-3058
If you did not receive the Notice by mail and you are a member of the Class, please send your name and address to the Administrator so that if any future notices are mailed in connection with the Action, you will receive them.
Inquiries, other than requests for the Notice, may be made to Class Counsel:
MAX R. SCHWARTZ
SCOTT+SCOTT ATTORNEYS AT LAW LLP
The Helmsley Building
230 Park Avenue, 17th Floor
New York, NY 10169
Telephone: (212) 223-6444
Facsimile: (212) 223-6334
Please Do Not Call the Court with Questions.
Dated: January 21, 2019
BY ORDER OF THE COURT:
United States District Court
Northern District of California
SOURCE United States District Court for the Northern District of California