Labaton Sucharow LLP and Motley Rice LLC Announce a Proposed Class Action Settlement in Hatamian, et al. v. Advanced Micro Devices, Inc., et al. (N.D.Cal.)

OAKLAND, Calif., Nov. 20, 2017 /PRNewswire/ --

TO: ALL PERSONS AND ENTITIES THAT, DURING THE PERIOD FROM APRIL 4, 2011 THROUGH OCTOBER 18, 2012, INCLUSIVE, PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF ADVANCED MICRO DEVICES, INC.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of California, that Class Representatives Arkansas Teacher Retirement System and KBC Asset Management NV, on behalf of themselves and the certified Class, and Advanced Micro Devices, Inc., and the other named defendants (collectively, the "Defendants"), have reached a settlement in the above-captioned action (the "Action") in the amount of $29,500,000 in cash (the "Settlement Amount") that, if approved by the Court, will resolve all claims in the Action.¹

A hearing will be held before the Honorable Yvonne Gonzalez Rogers of the United States District Court for the Northern District of California in Courtroom 1, Oakland Courthouse, 4^th Floor, 1301 Clay Street, Oakland, CA 94612 at 2:00 p.m. on February 27, 2018 to, among other things, determine whether (1) the Settlement should be approved by the Court as fair, reasonable, and adequate; (2) the Plan of Allocation for distribution of the Settlement Amount, and any interest thereon, less Court-awarded attorneys' fees, Notice and Administration Expenses, Taxes, and any other costs, fees, or expenses approved by the Court (the "Net Settlement Fund") should be approved as fair, reasonable, and adequate; and (3) the application of Class Counsel for an award of attorneys' fees of no more than 30% of the Settlement Fund (or up to $8,850,000) and payment of expenses of no more than $3,000,000 from the Settlement Fund, which may include the expenses of Class Representatives pursuant to the Private Securities Litigation Reform Act of 1995, should be approved.  The Court may change the date of the Settlement Hearing without providing another notice.  You do NOT need to attend the Settlement Hearing in order to receive a distribution from the Net Settlement Fund.

IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE SETTLEMENT AND YOU MAY BE ENTITLED TO SHARE IN THE NET SETTLEMENT FUND.  If you have not yet received the full Notice of Proposed Class Action Settlement and Motion for Attorneys' Fees and Expenses (the "Settlement Notice") and a Proof of Claim and Release form ("Claim Form"), you may obtain copies of these documents by contacting the Claims Administrator or visiting its website:

Advanced Micro Devices, Inc. Securities Litigation
Claims Administrator
c/o Epiq Systems, Inc.
P.O. Box 4349
Portland, OR 97208-4349
(844) 855-8569
[email protected]
www.AMDSecuritiesLitigation.com

Inquiries may also be made to Class Counsel:

LABATON SUCHAROW LLP
Jonathan Gardner, Esq.
140 Broadway
New York, NY 10005
(888) 219-6877
www.labaton.com
[email protected]

-or-

MOTLEY RICE LLC
James M. Hughes, Esq.
28 Bridgeside Blvd.
Mt. Pleasant, SC  29464
(800) 768-4026
www.motleyrice.com

If you are a Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form postmarked or electronically submitted no later than February 13, 2018.  If you are a Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action. 

If you previously submitted a valid and timely request for exclusion from the Class in connection with the Notice of Pendency of Class Action ("Class Notice") and you wish to remain excluded, no further action is required.  However if you did not, to exclude yourself from the Class now, you must submit a written request for exclusion in accordance with the instructions set forth in the Settlement Notice such that it is postmarked no later than February 6, 2018.  If you are a Class Member and do not exclude yourself from the Class, you will be bound by any judgments or orders entered by the Court in the Action. 

If you previously submitted a request for exclusion from the Class in connection with the Class Notice but you want to opt-back into the Class now for the purpose of being eligible to receive a payment from the Net Settlement Fund, you may do so.  In order to opt-back into the Class, you must submit a request in writing such that it is postmarked no later than February 6, 2018, in accordance with the instructions set forth in the Settlement Notice. 

Any objections to the Settlement, Plan of Allocation, and/or application for attorneys' fees and payment of expenses must be filed with the Court and mailed to counsel in accordance with the instructions set forth in the Settlement Notice such that they are postmarked no later than February 6, 2018. 

PLEASE DO NOT CONTACT THE COURT, DEFENDANTS, OR DEFENDANTS' COUNSEL REGARDING THIS NOTICE.  ALL QUESTIONS ABOUT THIS NOTICE, THE SETTLEMENT, OR YOUR ELIGIBILITY TO PARTICIPATE IN THE SETTLEMENT SHOULD BE DIRECTED TO THE CLAIMS ADMINISTRATOR AT THE ADDRESS LISTED ABOVE.

SOURCE United States District Court, Northern District of California

Related Links

http://www.AMDSecuritiesLitigation.com