Settlement Approval Hearing For Adams Golf, Inc. Class Action To Be Held on June 17, 2010 at 9:30 a.m.
PHILADELPHIA, March 25 /PRNewswire/ -- Counsel for Plaintiffs in the Adams Golf, Inc. Securities Litigation class action have announced the following:
IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE |
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IN RE ADAMS GOLF, INC. SECURITIES LITIGATION |
CONSOLIDATED C.A. No. 99-371-GMS |
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Summary Notice of Proposed Class Action Settlement and Settlement Hearing |
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To: All Buyers of Shares of Adams Golf Inc. Stock in the July 9, 1998 Initial Public Offering or between July 10, 1998 and October 22, 1998:
YOU ARE HEREBY NOTIFIED that a settlement for $16,500,000 cash, plus a contingent amount of up to $1,250,000 (the "Settlement"), has been reached in this Federal Securities Class Action between the Class members, Adams Golf, Inc., its officers and directors and its underwriters. A hearing will be held before the Honorable Chief Judge Gregory M. Sleet in Courtroom 4A, in the United States Courthouse, J. Caleb Boggs Federal Bldg, 844 North King Street, Wilmington, DE 19801-3519, at 9:30 a.m., on June 17, 2010, to determine whether the Settlement should be approved by the Court as fair, reasonable, and adequate; to consider the proposed Plan of Allocation; to consider applications for Plaintiffs' Counsel's fees and costs and reimbursement to Plaintiffs for their out-of-pocket expenses; and to consider any objections filed by Class members.
If you bought shares of Adams Golf stock in or traceable to the July 9, 1998 Initial Public Offering ("IPO"), or between July 10, 1998 and October 22, 1998 (the "Class Period"), you may be entitled to share in the Settlement proceeds. If you have not yet received the full printed Notice of Proposed Settlement of Class Action, you may obtain a copy by identifying yourself as a member of the Class and by calling toll-free: (800) 768-8450, by writing to the Claims Administrator, In Re Adams Golf, Inc. Securities Litigation, c/o Heffler, Radetich & Saitta, LLP, P.O. Box 660, Philadelphia, PA 19105-0660, or by contacting Lead Counsel, Todd Collins, Esq. or Elizabeth W. Fox, Esq., Berger & Montague, P.C., 1622 Locust Street, Philadelphia, PA 19103 . You may also download a copy from: www.hrsclaimsadministration.com.
Further information may be obtained by directing your inquiry in writing to the Claims Administrator.
Dated: March 25, 2010
By Order of the United States District Court for the District of Delaware
SOURCE Berger & Montague, P.C.
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