Class Action Settlement of Impax Laboratories, Inc. Common Stock Announced by Cohen Milstein Sellers & Toll PLLC

SAN FRANCISCO--()--The following was released today by Cohen Milstein Sellers & Toll PLLC.

 

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA

 
 
DENIS MULLIGAN, individually and on behalf of all others similarly situated,          
Plaintiff,
v. Case No. 3:13-cv-01037-EMC
IMPAX LABORATORIES, INC., LARRY HSU, and ARTHUR A. KOCH,
Defendants.
HAVERHILL RETIREMENT SYSTEM, individually and on behalf of all others similarly situated,
 
Plaintiff,
v. Case No. 3:13-cv-01566-EMC
 
IMPAX LABORATORIES, INC., LARRY HSU, and ARTHUR A. KOCH,
 
Defendants.
 
 

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION

 

TO:

ALL PERSONS OR ENTITIES WHO PURCHASED THE COMMON STOCK OF IMPAX LABORATORIES, INC. ON THE NASDAQ DURING THE PERIOD BETWEEN JUNE 6, 2011 AND MARCH 4, 2013, INCLUSIVE (THE “CLASS”).

 

YOU ARE HEREBY NOTIFIED that this class action is pending and that a settlement of Eight Million Dollars ($8,000,000) has been proposed. A hearing will be held before the Honorable Edward M. Chen in the United States District Court for the Northern District of California, 450 Golden Gate Avenue, San Francisco, CA 94102-3489, at 1:30 p.m., on June 11, 2015 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 and reimbursement of expenses 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 Pendency and Proposed Settlement of Class Action (the “Notice”) and Proof of Claim and Release Form (“Proof of Claim”) you may obtain copies of these documents by contacting:

 
Impax Securities Litigation
c/o KCC Class Action Services
P.O. Box 43322
Providence, RI 02940-3322
Telephone: 888-936-9013

Email: info@ImpaxSecuritiesLitigation.com

or Visit: www.ImpaxSecuritiesLitigation.com

 

Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to Lead Counsel:

 
Daniel S. Sommers
Christopher Lometti
Genevieve O. Fontan
COHEN MILSTEIN SELLERS & TOLL PLLC
1100 New York Avenue, N.W.
East Tower, Suite 500
Washington, DC 20005
Telephone: 202-408-4600
 

To participate in the Settlement, you must submit a Proof of Claim no later than Wednesday, July 15, 2015. As more fully described in the Notice, the deadline for submitting objections to the Settlement and requests for exclusions from the Class is Thursday, May 21, 2015; they must be received by this date.

Further information may also be obtained by directing your inquiry in writing to the Claims Administrator, KCC Class Action Services, at the address listed above. Please do not contact the Court.

BY ORDER OF THE COURT.

Contacts

Cohen Milstein Sellers & Toll PLLC
Daniel S. Sommers
Christopher Lometti
Genevieve O. Fontan
Telephone: 202-408-4600

Release Summary

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION TO: ALL PERSONS OR ENTITIES WHO PURCHASED THE COMMON STOCK OF IMPAX LABORATORIES, INC. ON THE NASDAQ

Contacts

Cohen Milstein Sellers & Toll PLLC
Daniel S. Sommers
Christopher Lometti
Genevieve O. Fontan
Telephone: 202-408-4600