|  | | 2007 News and Press Releases | | |
SETTLEMENT NEWS:
Summary Notice of Pendency and Settlement of Class Action Announced by The Rosen Law Firm PA and Mallory & Friedman, PLLC [StockerYale, Inc. (Nasdaq:STKR): UNITED STATES DISTRICT COURT DISTRICT OF NEW HAMPSHIRE Master File No. 1:05cv00177-SM]
Staff Writer
PrimeNewswire. August 29, 2007
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EXCERPT: YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the above Court dated August 21, 2007, that a hearing will be held on December 18, 2007 at 10:30 a.m. in Courtroom 2, United States Courthouse, 55 Pleasant Street, Concord, NH 03301-3941 to determine: (1) whether the Class should be certified pursuant to Rule 23 of the Federal Rules of Civil Procedure, consisting of all persons who purchased, otherwise acquired, or sold StockerYale common stock during the period from April 19, 2004 through and including May 24, 2005, excluding the Defendants, any officer or director of Defendants, members of the immediate family of any individual defendant, any entity in which any Defendant has a controlling interest, and the legal representatives, heirs, successors, or assigns of any such excluded party, and any persons who have separately filed actions against one or more of the Defendants based in whole or in part on any claim arising out of or relating to any of the acts, omissions, misrepresentations, facts, events, matters, transactions or occurrences referred to in the Action or otherwise alleged, asserted or contended in the Action; (2) whether the proposed settlement (the "Settlement") of the above-captioned action ("Action") for $3,400,000 in cash plus accrued interest (the "Settlement Fund") should be approved by the Court as fair, reasonable, and adequate; (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; (4)whether the motion of Lead Plaintiffs' Counsel for an award of attorneys' fees and reimbursement of expenses should be approved; and (5) whether the Action should be dismissed with prejudice. |
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