Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Ruby Tuesday Securities Litigation

NASHVILLE, Tenn., April 25, 2017 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Ruby Tuesday Securities Litigation:

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION

SUMMARY NOTICE

TO:     ALL PERSONS WHO PURCHASED OR ACQUIRED RUBY TUESDAY, INC. ("RUBY TUESDAY") COMMON STOCK BETWEEN APRIL 10, 2013 AND OCTOBER 9, 2013, INCLUSIVE

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Middle District of Tennessee, Nashville Division, that a hearing will be held on August 7, 2017, at 10:30 a.m., before the Honorable Bernard A. Friedman at the United States District Court for the Middle District of Tennessee, Nashville Division, Estes Kefauver Federal Building and United States Courthouse, 801 Broadway, Nashville, Tennessee 37203, for the purpose of determining: (1) whether the proposed settlement of the Litigation for $5 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 expenses and any Lead Plaintiff award pursuant to 15 U.S.C. section 78u-4(a)(4) should be approved.

IF YOU PURCHASED OR ACQUIRED RUBY TUESDAY COMMON STOCK BETWEEN APRIL 10, 2013 AND OCTOBER 9, 2013, INCLUSIVE (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 PURCHASE OR ACQUISITION OF RUBY TUESDAY COMMON STOCK DURING THE CLASS PERIOD.  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 Ruby Tuesday Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 30224, College Station, TX 77842-3224, or on the Internet at www.rubytuesdaysecuritieslitigation.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 July 17, 2017), or online at www.rubytuesdaysecuritieslitigation.com no later than July 17, 2017, establishing that you are entitled to recovery.

If you purchased or acquired Ruby Tuesday 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 July 17, 2017, 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 expenses, and Lead Plaintiff's request for time and expenses must be received by each of the following recipients no later than July 17, 2017:

Any objection must also be filed with the Court no later than July 31, 2017:

CLERK OF THE COURT
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION
Estes Kefauver Federal Building and United States Courthouse
801 Broadway, Room 800
Nashville, TN  37203

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

Related Links

http://www.rubytuesdaysecuritieslitigation.com