Court to Notify Crompton Corporation Investors of $20,650,000 Settlement of Class Action Lawsuit

Court to Notify Crompton Corporation Investors of $20,650,000 Settlement of Class Action Lawsuit - 1/16/2009

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2009 News and Press Releases

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News	News 2009
HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

SETTLEMENT NEWS:

Court to Notify Crompton Corporation Investors of $20,650,000 Settlement of Class Action Lawsuit
Staff Writer

PR Newswire. January 16, 2009
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EXCERPT:[…] A Federal Court has ordered notice be given to those who purchased or otherwise acquired the securities of Crompton Corporation ("Crompton") during the period between October 26, 1998 and October 8, 2002, inclusive, including without limitation all persons and entities who purchased or otherwise acquired Crompton securities pursuant to the merger between Crompton & Knowles Corporation and Witco Corporation and who were damaged thereby (the "Class"). The United States District Court for the State of Connecticut has certified a class action and a settlement for Twenty Million Six Hundred and Fifty Thousand Dollars($20,650,000) has been proposed. A hearing will be held before the Honorable Ellen Bree Burns in the United States District Court for the District of Connecticut, Richard C. Lee United States Courthouse, 141 Church Street, New Haven, Connecticut 06510, Courtroom 3, at 2:00 p.m., on June 12, 2009 to determine whether: (1) the settlement class conditionally certified should be certified for all purposes; (2) the proposed Settlement and Plan of Allocation should be approved by the Court as fair, reasonable, and adequate; and (3) Co-Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

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