Summary Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing
LOS ANGELES, Sept. 28 /PRNewswire/ -- The following statement is being issued by Glancy Binkow & Goldberg LLP regarding the Goldman Sachs Securities Litigation.
UNITED STATES DISTRICT COURT |
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HARVEY A. LAPIN, Individually, and On |
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Plaintiff, |
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04 Civ. 02236 (RJS) SUMMARY NOTICE |
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GOLDMAN, SACHS & CO., and |
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Defendants. |
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TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED THE GOLDMAN SACHS GROUP, INC. COMMON STOCK BETWEEN JULY 1, 1999 AND MAY 7, 2002.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on December 15, 2010, at 4:30 p.m., before The Honorable Richard J. Sullivan, at the Daniel P. Moynihan U.S. Courthouse, 500 Pearl Street, Courtroom 21C, New York, New York, for the purpose of determining (1) whether the proposed settlement of the claims in the Action for the sum of $29,000,000 in cash should be approved by the Court as fair, reasonable and adequate to Members of the Class; (2) whether, thereafter, this Action should be dismissed with prejudice pursuant to the terms and conditions set forth in the Settlement Agreement dated as of July 12, 2010; (3) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate and therefore should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Action and reimbursement of Lead Plaintiff's reasonable costs and expenses (including lost wages) directly related to his representation of the Class should be approved.
If you purchased or acquired The Goldman Sachs Group, Inc. common stock between July 1, 1999 and May 7, 2002, your rights may be affected by this Settlement. If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing ("Notice") and a copy of the Proof of Claim and Release, you may obtain copies by writing to Goldman Sachs Securities Litigation, Claims Administrator, c/o The Garden City Group, Inc., P.O. Box 9652, Dublin, OH 43017-4952, or you can download a copy at www.GardenCityGroup.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 January 14, 2011, establishing that you are entitled to recovery.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed below:
Peter A. Binkow, Esq.
Glancy Binkow & Goldberg LLP
1801 Avenue of the Stars, #311
Los Angeles, California 90067
1-888-773-9224
or go to the following website: www.GardenCityGroup.com.
DATED: September 28, 2010
SOURCE Glancy Binkow & Goldberg LLP
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