Cohen Milstein Announces Class Action Settlement on Behalf of Certain Purchasers of Shares of China Shenghuo Pharmaceutical Hold
20 Décembre 2010 - 2:00PM
Cohen Milstein Sellers and Toll today announced that the United
States District Court for the Southern District of New York has
approved the following announcement of a proposed class action
settlement that, if approved, would benefit certain purchasers of
shares of China Shenghuo Pharmaceutical Holdings, Inc. (AMEX:KUN):
TO: ALL PERSONS WHO PURCHASED THE
PUBLICLY TRADED COMMON STOCK OF CHINA SHENGHUO PHARMACEUTICAL
HOLDINGS, INC. DURING THE PERIOD FROM AUGUST 16, 2007 AND AUGUST
19, 2008, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United
States District Court for the Southern District of New York, that a
hearing will be held on March 18, 2011 at 11:00 a.m. in courtroom
20B before the Honorable Victor Marrero, United States District
Judge of the Southern District of New York, 500 Pearl Street, New
York, New York 10007 (the "Settlement Hearing") for the purpose of
determining: (1) whether the proposed Settlement
consisting of the sum of $800,000 in cash, should be approved by
the Court as fair, reasonable, and adequate; (2) whether the
proposed plan to distribute the settlement proceeds is fair,
reasonable and adequate; (3) whether the application for an
award of attorneys' fees of one third of the Settlement amount and
reimbursement of expenses of not more than $50,000 should be
approved; and (4) whether the Litigation should be dismissed
with prejudice.
If you purchased common stock of China Shenghuo during the
period from August 16, 2007 and August 19, 2008, inclusive, your
rights may be affected by the Settlement of this action. If
you have not received a detailed Notice of Pendency and Proposed
Settlement of Class Action and a copy of the Proof of Claim and
Release, you may obtain copies by writing to China Shenghuo
Securities Litigation, c/o Strategic Claims Services, Claims
Administrator, P.O. Box 230, 600 North Jackson Street, Suite 3,
Media, PA 19063, or going to the website,
www.strategicclaims.net/csp. If you are a member of the Class, in
order to share in the distribution of the Net Settlement Fund, you
must submit a Proof of Claim and Release no later than May 17,
2011, establishing that you are entitled to recovery. You will
be bound by any judgment rendered in the Litigation whether or not
you make a claim.
Any objection to the Settlement, Plan of Allocation, or the Lead
Plaintiff's Counsel's request for an award of attorneys' fees and
reimbursement of expenses must be received by the addresses
indicated in the Notice by no later than February 25, 2011:
COURT |
|
Clerk of the Court |
United States District Court |
Southern District of New York |
500 Pearl Street |
New York, New York 10007 |
|
PLAINTIFFS' COUNSEL |
|
Julie Goldsmith Reiser |
COHEN MILSTEIN |
SELLERS & TOLL |
1100 New York Avenue, NW |
Suite 500 East Tower |
Washington, DC 20005 |
|
Class Counsel for Plaintiffs |
|
DEFENSE COUNSEL |
|
Richard C. Schoenstein |
PRYOR CASHMAN LLP |
7 Times Square |
New York, New York 10036 |
|
And |
|
Lawrence A. Steckman |
LESTER SCHWAB KATZ & DWYER, LLP |
120 Broadway |
New York, New York 10271 |
Counsel for Defendants If you have any questions about the
Settlement, you may call or write to Plaintiffs' Counsel identified
above. Copies of documents filed with the Court regarding the
proposed settlement are also available at
www.strategicclaims.net/csp.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING
THIS NOTICE.
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
CONTACT: Strategic Claims Services
(610) 565-9202
Fax: (610) 565-7985
600 N. Jackson Street, Suite 3
Media, PA 19063
China Shenghuo Pharmaceutical Holdings, (AMEX:KUN)
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