This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Pomerantz Firm, Glancy Binkow & Goldberg LLP, And Robbins Geller Rudman & Dowd LLP Announce The Notice Of Proposed Settlement Of The In Re: Perrigo Company Securities Litigation

Stocks in this article: PRGO

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 HEARING

TO:  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:

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,290.14 +221.27 1.30%
S&P 500 2,004.46 +31.72 1.61%
NASDAQ 4,625.8460 +78.0120 1.72%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs