Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Joy Global Securities Litigation
MILWAUKEE--(BUSINESS WIRE)--Sep 27, 2018--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Joy Global Securities Litigation:
UNITED STATES DISTRICT COURT EASTERN DISTRICT OF WISCONSIN MILWAUKEE DIVISION
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Eastern District of Wisconsin, Milwaukee Division, that a hearing will be held on December 20, 2018, at 2:00 p.m., before the Honorable Pamela Pepper at the United States District Court for the Eastern District of Wisconsin, Milwaukee Division, United States Federal Building and Courthouse, 517 E. Wisconsin Ave., Milwaukee, Wisconsin 53202, for the purpose of determining: (1) whether the proposed Settlement of the Litigation for $20 million should be approved by the Court as fair, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Litigation with prejudice and releasing the Released Claims; (3) whether the Plan of Allocation for the Net Settlement Fund is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys’ fees and any award to Lead Plaintiffs pursuant to 15 U.S.C. §78u-4(a)(4) should be approved.
IF YOU PURCHASED, SOLD OR HELD JOY GLOBAL COMMON STOCK DURING THE PERIOD FROM AND INCLUDING SEPTEMBER 1, 2016 THROUGH AND INCLUDING APRIL 5, 2017 (THE “CLASS PERIOD”), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION, INCLUDING THE RELEASE AND EXTINGUISHMENT OF CLAIMS YOU MAY POSSESS RELATING TO YOUR HOLDINGS OF JOY GLOBAL COMMON STOCK DURING THE CLASS PERIOD. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Joy GlobalSecurities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 404067, Louisville, KY 40233-4067, or on the Internet at www.JoyGlobalSecuritiesLitigation.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 by mail postmarked no later than January 14, 2019, or online at www.JoyGlobalSecuritiesLitigation.comno later than January 14, 2019, establishing that you are entitled to recovery.
If you purchased, sold or held Joy Global common stock during the Class Period and you desire to be excluded from the Class, you must submit a request for exclusion so that it is received no later than November 29, 2018, in the manner and form explained in the detailed Notice referred to above. All Members of the Class who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Litigation pursuant to the Stipulation of Settlement.
Any objection to the Settlement, the Plan of Allocation, Lead Counsel’s request for attorneys’ fees, and Lead Plaintiffs’ request for time and expenses must be received by each of the following recipients no later than November 29, 2018:
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 above.
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CONTACT: Robbins Geller Rudman & Dowd LLP
KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Geller Rudman & Dowd LLP
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PUB: 09/27/2018 11:00 AM/DISC: 09/27/2018 11:00 AM