Robbins Geller Rudman & Dowd LLP Announces Notice of Hearing to Determine Approval of Proposed Settlement of Class Action
SAN DIEGO, March 2, 2012 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court for the Northern District of Illinois:
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
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ERIC SILVERMAN, On Behalf of Himself and All Others Similarly Situated, Plaintiff, vs. MOTOROLA, INC., et al., Defendants. |
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No. 1:07-cv-04507 (Consolidated) CLASS ACTION Judge St. Eve Magistrate Judge Mason |
SUMMARY NOTICE
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED SECURITIES OF MOTOROLA, INC. ("MOTOROLA") FROM JULY 19, 2006 THROUGH JANUARY 4, 2007, INCLUSIVE
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of Illinois, that a hearing will be held on May 9, 2012, at 8:30 a.m., before the Honorable Amy J. St. Eve, at the United States District Court, Northern District of Illinois, Eastern Division, Everett McKinley Dirksen United States Courthouse, Courtroom 1241, 219 South Dearborn Street, Chicago, IL 60604, for the purpose of determining (1) whether the proposed settlement of the claims in the Litigation for the principal amount of $200,000,000.00, plus accrued interest, should be approved by the Court as fair, just, 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; (3) whether the Plan of Allocation is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses and Plaintiffs' expenses in connection with this Litigation should be approved.
IF YOU PURCHASED OR ACQUIRED ANY OF THE PUBLICLY TRADED SECURITIES OF MOTOROLA DURING THE PERIOD FROM JULY 19, 2006 TO JANUARY 4, 2007, INCLUSIVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION. If you have not received a detailed Notice of Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Motorola Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or on the internet at www.gilardi.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 May 28, 2012, establishing that you are entitled to recovery.
If you purchased or otherwise acquired Motorola publicly traded securities and you desire to be excluded from the Class, you must submit a request for exclusion postmarked no later than April 2, 2012, 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 must be received, not simply postmarked, by each of the following recipients no later than April 2, 2012:
CLERK OF THE COURT |
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Lead Counsel for Plaintiffs: ROBBINS GELLER RUDMAN & DOWD LLP KEITH F. PARK 655 West Broadway, Suite 1900 San Diego, CA 92101 |
Counsel for Defendants: KIRKLAND & ELLIS LLP ANNE M. SIDRYS 300 North LaSalle St. Chicago, IL 60654 |
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.
DATED: FEBRUARY 16, 2012
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
SOURCE Robbins Geller Rudman & Dowd LLP
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