Saxena White P.A. Announces Proposed Settlement of In re MIVA, Inc. Securities Litigation

BOCA RATON, Fla., June 11, 2014 /PRNewswire/ -- The following statement is being issued by Saxena White P.A. regarding the In re MIVA, Inc. Securities Litigation.

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF FLORIDA
FT. MYERS DIVISION

IN RE MIVA, INC. SECURITIES LITIGATION, CIVIL ACTION FILE, NO. 2:05-cv-00201-FtM-29DNF

SUMMARY NOTICE

TO: ALL PERSONS WHO PURCHASED FINDWHAT.COM, INC. ("FINDWHAT") COMMON STOCK BETWEEN FEBRUARY 23, 2005 AND MAY 4, 2005, INCLUSIVE

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Middle District of Florida, a hearing will be held on September 15, 2014, at 10:00 a.m., before the Honorable John E. Steele, at the United States District Court for the Middle District of Florida, Ft. Myers Division, Courtroom 6A, 2110 First Street, Fort Myers, Florida 33901, for the purpose of determining: (1) whether the proposed settlement of the Litigation for the sum of $2,400,000 in cash should be approved by the Court as fair, reasonable and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated May 14, 2014; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Litigation, as well as Lead Plaintiffs' Representative Award.

If you purchased FindWhat common stock between February 23, 2005 and May 4, 2005, inclusive, your rights may be affected by this Litigation and the settlement thereof.  If you have not received a detailed Notice of Proposed Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by calling 1-844-322-8213; writing to In re MIVA, Inc. Securities Litigation, c/o GCG, PO Box 10070, Dublin, OH 43017-6670; or by downloading this information at www.mivasecuritieslitigationsettlement.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 no later than September 5, 2014, establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing, to the above address, postmarked by August 25, 2014.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than September 5, 2014, and received by the following no later than September 5, 2014:

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED:  May 22, 2014  

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF FLORIDA

SOURCE Saxena White P.A.