Susman Godfrey LLP Announces Proposed Settlement of Class Action

SEATTLE, Nov. 11, 2010 /PRNewswire/ -- The following statement is being issued by Susman Godfrey LLP pursuant to an order of the United States District Court, Western District of Washington:

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

To:  All persons and entities who purchased the common stock of Dendreon Corporation between March 29, 2007 and May 8, 2007, both dates inclusive.

This Summary Notice is given pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Western District of Washington (the "Court"), dated November 3, 2010.  The purpose of this Summary Notice is to inform you of the proposed settlement of the above-entitled class action (the "Action") against defendants Dendreon Corporation, Mitchell Gold, and David Urdal.

A Settlement Hearing will be held before the Hon. Marsha J. Pechman, United States District Judge, at the United States Courthouse, 700 Stewart Street, Seattle, Washington 98101, at 1:30 p.m. on December 17, 2010 to determine: (i) whether the Settlement of the Action on the terms and conditions provided for in the Stipulation of Settlement is fair, reasonable, and adequate to the Class and should be approved by the Court; (ii) whether the Action should be dismissed with prejudice; and (iii) whether the Court should approve Class Counsel's application for attorneys' fees and reimbursement of expenses.

If you purchased the common stock of Dendreon Corporation between March 29, 2007 and May 8, 2007 (both dates inclusive), and are not otherwise excluded from the Class, you are a Class Member.  Class Members will be bound by the final judgment of the Court.  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 postmarked no later than March 10, 2011, establishing that you are entitled to recovery.  If you are a Class Member and need a Proof of Claim, copies may be obtained by telephoning the Claims Administrator at 888-226-8151 or by downloading the form on the Internet at www.gilardi.com/dendreon.

If you are a Class Member, you may make a written objection to the Settlement.  If you make a written objection, you also may appear at the Settlement Hearing.  You must file and serve your written objection, in the manner specifically set forth in the full Notice, no later than December 10, 2010.

PLEASE DO NOT CONTACT THE COURT REGARDING THIS NOTICE.

This is only a summary notice.  The full notice may be accessed at: www.gilardi.com/dendreon

Dated: November 3, 2010

Marsha J. Pechman

UNITED STATES DISTRICT JUDGE

SOURCE Susman Godfrey LLP