NEW YORK, March 22, 2013 /PRNewswire/ -- The following statement is being issued by The Pomerantz Firm, Glancy Binkow & Goldberg LLP, and Robbins Geller Rudman & Dowd LLP regarding the Perrigo Company Securities Litigation Settlement.
UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT OF NEW YORK
HAREL INSURANCE, LTD. and MICHAEL L. WARNER, Individually and On Behalf of All Others Similarly Situated, Plaintiffs, vs. PERRIGO COMPANY, JOSEPH C. PAPA, and JUDY L. BROWN, Defendants. Civil Action No. 09 CIV 2255 (TPG) ECF CASE
SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION AND SETTLEMENT HEARINGTO: ALL PERSONS AND ENTITIES THAT PURCHASED OR OTHERWISE ACQUIRED PERRIGO COMPANY ("PERRIGO") COMMON STOCK (STOCK SYMBOL: PRGO) PURCHASED OR OTHERWISE ACQUIRED BETWEEN NOVEMBER 6, 2008, AND FEBRUARY 2, 2009, INCLUSIVE (THE "SETTLEMENT CLASS PERIOD"), ON THE NASDAQ MARKET OR BY OTHER MEANS INVOLVING TRANSACTIONS IN THE UNITED STATES Excluded from the Class are Defendants, all current and former directors and officers of Perrigo during the Settlement Class Period, and any family member, trust, company, entity or affiliate controlled or owned by any of the excluded persons or entities referenced above. YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that a hearing will be held on May 17, 2013, at 3:00 p.m., before the Honorable Thomas P. Griesa, United States District Judge, at the courthouse for the United States District Court, Southern District of New York, Courtroom 26B, Daniel Patrick Moynihan United States Courthouse, 500 Pearl St., New York, New York 10007-1312, for the purpose of determining, among other things: (1) whether the proposed Settlement of the Class's claims against the Defendants for $1,787,500.00 should be approved as fair, reasonable and adequate; (2) whether the Plan of Allocation is fair and reasonable, and should be approved; (3) whether the application by Class Counsel for an award of attorneys' fees and expenses should be approved; (4) whether the Class Plaintiffs' application for reimbursement of costs and expenses should be granted; and (5) whether the Action should be dismissed with prejudice against the Defendants as set forth in the Settlement Stipulation filed with the Court. If you purchased or otherwise acquired Perrigo common stock between November 6, 2008, and February 2, 2009, both dates inclusive (the "Settlement Class Period"), on the NASDAQ market or by other means involving transactions in the United States, your rights may be affected by this Action and the Settlement thereof. If you have not received the detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Expenses, and Settlement Fairness Hearing (the "Notice") and Proof of Claim and Release Form, you may obtain them free of charge by contacting the Claims Administrator, by mail at: In re: Perrigo Company Securities Litigation, c/o GCG, P.O. Box 9349, Dublin, OH 43017-4249; by toll-free phone at: 1-800-231-1815; or visit the website at: www.gcginc.com . If you are a member of the Class and wish to share in the Settlement money, you must submit a Proof of Claim no later than May 8, 2013 establishing that you are entitled to recovery. As further described in the Notice, you will be bound by any judgment entered in the Action, regardless of whether you submit a Proof of Claim, unless you exclude yourself from the Class, in accordance with the procedures set forth in the Notice, by no later than April 26, 2013. Any objections to the Settlement, Plan of Allocation or attorneys' fees and expenses must be filed and served, in accordance with the procedures set forth in the Notice, no later than April 26, 2013. Inquiries, other than requests for the Notice, may be made to Lead Counsel for the Class: