|  | | 2008 News and Press Releases | | |
SETTLEMENT NEWS:
The Law Firm of COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP Announces the Pendency and Proposed Settlement of a Class Action Regarding GMH Communities Trust Securities
Staff Writer
PR Newswire. March 4, 2008
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EXCERPT: YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Eastern District of Pennsylvania, a hearing will be held on April 25, 2008, at 9:00 a.m., before the Honorable Petrese B. Tucker, at the James A. Byrne U.S. Courthouse, 601 Market Street, Philadelphia, Pennsylvania 19106, for the purpose of determining: (1) whether the proposed settlement of the Litigation for the sum of $8,750,000 in cash should be approved by the Court as fair, reasonable and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated as of November 2, 2007; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel and the Lead Plaintiffs for the payment of attorneys' fees and expenses
incurred in connection with this Litigation, together with interest thereon. |
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