WASHINGTON, June 12, 2017 /PRNewswire/ --
UNITED STATES DISTRICT COURT FOR
THE DISTRICT OF COLUMBIA
Case No. 1:07-cv-01757-RC
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT
TO: ALL PERSONS AND ENTITIES WHO PURCHASED THE COMMON STOCK OF HARMAN INTERNATIONAL INDUSTRIES, INC. ("HARMAN") BETWEEN APRIL 26, 2007 AND FEBRUARY 5, 2008, BOTH DATES INCLUSIVE (THE "CLASS PERIOD").
YOU ARE HEREBY NOTIFIED that a proposed Settlement has been reached in this Action. (Capitalized terms are defined in the Stipulation and Agreement of Settlement, available on the website below.) A hearing will be held with respect to the Settlement on September 28, 2017, at 10:00 a.m. before the Honorable Rudolph Contreras, in the United States District Court for the District of Columbia, E. Barrett Prettyman United States Courthouse, 333 Constitution Avenue, N.W., Courtroom 14, Washington, D.C., 20001.
The purpose of the hearing is to determine whether the proposed Settlement of the securities class action claims asserted in this Action, pursuant to which the Settlement Amount of twenty-eight million, two-hundred fifty thousand U.S. dollars ($28,250,000) shall be deposited into a Settlement Fund in exchange for the dismissal of the Action with prejudice and a release of claims against Defendants and Released Parties, should be approved by the Court as fair, reasonable, and adequate and in the best interests of the Class. If you purchased Harman common stock during the Class Period, you may be entitled to share in the distribution of the Settlement Fund if you submit a Proof of Claim Form no later than September 8, 2017, and if the information and documentation you provide in that Proof of Claim Form establishes that you are entitled to a recovery.
This Summary Notice provides only a summary of matters regarding the Action and the Settlement. A detailed notice (the "Notice") describing the Action, the proposed Settlement, and the rights of Class Members to appear in court at the Final Approval Hearing, to request to be excluded from the Class, and/or to object to the Settlement, the Plan of Allocation and/or the request by Lead Counsel for an award of attorneys' fees and reimbursement of Litigation Expenses, has been mailed to persons or entities known to be potential Class Members. You may obtain a copy of that Notice, a Proof of Claim Form, the Settlement, and other information at www.harmansecuritiessettlement.com, or by writing to the following address or calling the following telephone number:
Harman International Industries Inc. Securities Settlement
c/o A.B. Data, Ltd.
P.O. Box 173035
Milwaukee, WI 53217
Tel: (877) 265-3027
If you are a Class Member, you have the right to object to the Settlement, the Plan of Allocation, and/or the request by Lead Counsel for an award of attorneys' fees and reimbursement of Litigation Expenses, or otherwise request to be heard, by submitting no later than August 29, 2017, a written objection in accordance with the procedures described in the Notice. You also have the right to exclude yourself from the Class by submitting no later than August 29, 2017, a written request for exclusion from the Class in accordance with the procedures described in the Notice. If the Settlement is approved by the Court, you will be bound by the Settlement and the Court's Judgment, including the releases provided for in the Settlement and Judgment, unless you submit a request to be excluded.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. Inquiries, other than requests for the Notice, Proof of Claim Form, and the Settlement referenced above, may be made to Lead Counsel for the Lead Plaintiff:
COHEN MILSTEIN SELLERS & TOLL PLLC
S. Douglas Bunch
1100 New York Ave N.W.
Washington, D.C. 20005
Tel: (202) 408-4600
DATED: June 12, 2017
By Order of the Court,
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SOURCE Cohen Milstein Sellers & Toll PLLC