Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Household International, Inc. Securities Litigation

CHICAGO, July 18, 2016 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Household International, Inc. Securities Litigation:

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION

SUMMARY NOTICE

TO:      ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF HOUSEHOLD INTERNATIONAL, INC. ("HOUSEHOLD") FROM OCTOBER 23, 1997 THROUGH OCTOBER 11, 2002, 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 October 20, 2016, at 10:30 a.m., before the Honorable Jorge L. Alonso, at the United States District Court, Northern District of Illinois, Eastern Division, Everett McKinley Dirksen United States Courthouse, Courtroom 1219, 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 $1,575,000,000.00, plus accrued interest, should be approved by the Court as fair, just, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal should be entered by the Court dismissing the Litigation; (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 COMMON STOCK OF HOUSEHOLD DURING THE PERIOD FROM OCTOBER 23, 1997 TO OCTOBER 11, 2002, 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"), you may obtain copies by writing to Household Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or on the internet at www.householdlitigation.com or www.householdfraud.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you were required to submit a Proof of Claim in 2011, establishing that you were entitled to recovery.

If you purchased or otherwise acquired Household common stock during the period from October 23, 1997 to October 11, 2002, and you desired to be excluded from the Class, you were required to submit a request for exclusion postmarked no later than March 20, 2006, in the manner and form explained in the Notice of Pendency and Proposed Partial Settlement of Class Action previously sent to Class Members.  All Members of the Class who did not timely and validly request exclusion from the Class at that time 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, or Lead Counsel's application for attorneys' fees and expenses and Plaintiffs' expenses,  must be received, not simply postmarked, by each of the following recipients no later than September 12, 2016:

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.

SOURCE Robbins Geller Rudman & Dowd LLP