Scott+Scott Attorneys at Law LLP and Levi & Korsinsky, LLP Announce Proposed Settlement in the EndoChoice Holdings Securities Litigation

ATLANTA, March 9, 2020 /PRNewswire/ -- The following statement is being issued by Scott+Scott Attorneys at Law LLP and Levi & Korsinsky, LLP regarding the EndoChoice Holdings Securities Settlement:

IN THE SUPERIOR COURT OF THE STATE OF GEORGIA
COUNTY OF FULTON

SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT

YOU ARE HEREBY NOTIFIED, a hearing will be held at 10:00 a.m. EDT on June 15, 2020, before the Honorable Elizabeth E. Long in Courtroom 9J, of the Georgia Superior Court of Fulton County, Business Division, 136 Pryor Street, Atlanta, Georgia 30303 (the "Court"), to determine whether the Court should: (1) approve the proposed Settlement of the above-captioned consolidated action titled In re EndoChoice Holdings, Inc. Securities Litigation, C.A. No. 2016 CV 277772 (the "Action") for $8,500,000 in cash as fair, reasonable, and adequate; (2) approve the proposed Plan of Allocation of Settlement proceeds as fair, reasonable, and adequate; (3) approve Plaintiffs' Counsel's request for an award of attorneys' fees and reimbursement of expenses, and grant the lead plaintiffs an award for their service to the Class; and (4) enter a Judgment dismissing the Action with prejudice (the "Judgment"). The Court may change the hearing date without further notice to the Class.

If you purchased EndoChoice common stock between the 4:00 p.m. EDT close of U.S. trading markets on June 4, 2015 and August 3, 2016, inclusive, your rights may be affected by this Settlement. If you have not received the detailed Notice of Proposed Class Action Settlement (the "Notice") and a copy of the Proof of Claim and Release form, you may obtain copies, free of charge, by downloading a copy at www.EndoChoiceSecuritiesLitigation.com, or by writing to EndoChoice Securities Litigation, c/o KCC Class Action Services, P.O. Box 43034, Providence, RI 02940-3034, or by calling the Claims Administrator toll-free at 1-866-610-7723.

If you are a member of the Class (as defined in the Notice) and wish to share in the Settlement proceeds, you must complete and submit a valid Proof of Claim and Release form to the Claims Administrator, postmarked no later than June 30, 2020. If you fail to submit a valid Proof of Claim and Release by this deadline in accordance with the instructions in the Proof of Claim and Release form, you will not recover from the Net Settlement Fund, but you will nevertheless be bound by the Settlement and releases provided for in the Settlement and in the Judgment.

If you are a Class Member and wish to object to any aspect of the Settlement, the Plan of Allocation, or Plaintiffs' Counsel's Fee and Expense Application, you must submit any objections in writing in the manner set forth in the Notice no later than May 25, 2020. Only Class Members who have submitted valid and timely written objections and provided notice of their intent to appear in accordance with the instructions in the Notice will be entitled to be heard at the hearing on June 15, 2020.

Notwithstanding any objection you may submit, if you are a member of the Class you will be bound by the Settlement and releases provided for therein and by the Judgment unless you request to be excluded from the Class. To request exclusion, you must submit a written request in the manner set forth in the Notice so that it is received no later than May 25, 2020. If you submit a timely and valid request to be excluded from the Class that is accepted by the Court, you will not be required to waive or release any claims against Defendants, you will not receive any payment or other benefit in the Settlement, and you will not be bound by the Settlement or any other order or Judgment that may be entered by the Court.

PLEASE DO NOT CONTACT THE COURT, THE CLERK'S OFFICE, DEFENDANTS, OR THEIR COUNSEL REGARDING THIS NOTICE.

SOURCE Scott+Scott Attorneys at Law LLP and Levi & Korsinsky, LLP