|  | | 2008 News and Press Releases | | |
SETTLEMENT NEWS:
$10 Million Class Action Settlement Proposed On Behalf Of Purchasers Of Publicly Traded Common Stock Of U.S. Auto Parts Network, Inc. (PRTS)
Staff Writer
PR Newswire. September 2, 2008
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EXCERPT: YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on September 29, 2008 at 8:30 a.m., before the Honorable George H. Wu at the United States Courthouse, 312 N. Spring Street, Courtroom 10, Los Angeles, CA, 90012, for the purpose of determining: (1) whether the proposed settlement of the claims in the Litigation for the sum of $10,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, after the hearing, this Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated as of May 1, 2008; (3) whether the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate; and (4) whether Lead Counsel's application for the payment of attorneys' fees and reimbursement of expenses incurred in this Litigation should be approved. |
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