Cohen Milstein Sellers & Toll PLLC Announces Class Action Settlement on Behalf of Purchasers of the Common Stock of GT Solar Int
16 Juin 2011 - 2:00PM
Cohen Milstein Sellers & Toll PLLC announces that the United
States District Court of New Hampshire approved the following
announcement of a proposed class action settlement that could
benefit certain purchasers of common stock of GT Solar
International, Inc. (Nasdaq:SOLR). Civil Action No.
1:08-CV-00312-JL
SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS
ACTION
TO: ALL PERSONS OR
ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF GT
SOLAR INTERNATIONAL, INC. FROM THE EFFECTIVE DATE OF GT SOLAR
INTERNATIONAL, INC.'S IPO REGISTRATION STATEMENT, THROUGH AND
INCLUDING JULY 24, 2008, OR WHO PURCHASED OR OTHERWISE ACQUIRED THE
COMMON STOCK OF GT SOLAR INTERNATIONAL, INC. PURSUANT OR TRACEABLE
TO THE IPO REGISTRATION STATEMENT (the "CLASS").
YOU ARE HEREBY NOTIFIED that this Class Action is pending and
that a settlement of it for Ten Million Five-Hundred Thousand
Dollars ($10,500,000) has been proposed. A hearing will be
held before the Honorable Joseph N. Laplante. in the United States
District Court for the District of New Hampshire, 55 Pleasant
Street, Concord, New Hampshire, 03301, at 10:00 a.m., on September
27, 2011 to determine whether: (1) the proposed settlement should
be approved by the Court as fair, reasonable and adequate; (2) Lead
Counsel's application for an award of attorneys' fees,
reimbursement of expenses, and any case contribution award to
Plaintiffs should be approved; and (3) the claims against all
Defendants should be dismissed with prejudice.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS
WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT
FUND. If you have not yet received the full printed Notice of
Proposed Settlement of Class Action, Motion for Attorneys' Fees and
Reimbursement of Expenses, and Settlement Fairness Hearing (the
"Notice") and Proof of Claim and Release form ("Proof of Claim")
you may obtain copies of these documents by contacting:
GT Solar Securities Litigation |
c/o Strategic Claims Services |
P.O. Box 230 |
600 North Jackson Street - Suite 3 |
Media, PA 19063 |
Telephone: (866) 274-4004 |
Facsimile: (610) 565-7985 |
or at www.strategicclaims.net |
Inquiries, other than requests for the forms of Notice and Proof
of Claim, may be made to Lead Counsel:
Daniel S. Sommers |
Matthew K. Handley |
S. Douglas Bunch |
COHEN MILSTEIN SELLERS & TOLL PLLC |
1100 New York Avenue, N.W. |
West Tower, Suite 500 |
Washington, D.C. 20005 |
To participate in the Settlement, you must submit a Proof of
Claim no later than November 9, 2011. As more fully described
in the Notice, the deadline for submitting objections to the
Settlement and requests for exclusions from the Class is September
13, 2011; they must be received by this date.
Further information may also be obtained by directing your
inquiry in writing to the Claims Administrator, Strategic Claims
Services, at the address listed above. Please do not contact
the Court.
BY ORDER OF THE COURT.
CONTACT: Strategic Claims Services
(610) 565-9202
Fax: (610) 565-7985
600 N. Jackson Street, Suite 3
Media, PA 19063
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