Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Omnicare Securities Settlement

COVINGTON, Ky.--()--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Omnicare Securities Settlement:

 

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF KENTUCKY

NORTHERN DIVISION at COVINGTON

 

INDIANA STATE DISTRICT COUNCIL OF

    )    

Civil Action No. 2:06-cv-00026-WOB-CJS

LABORERS AND HOD CARRIERS PENSION AND

)

(Consolidated)

WELFARE FUND, On Behalf of Itself and All Others

)

CLASS ACTION

Similarly Situated,

)

Plaintiff, )

vs.

)
OMNICARE, INC., et al., )

Defendants.

)
)

 

   

)

 
 

SUMMARY NOTICE

 

TO:

   

ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF OMNICARE, INC. (“OMNICARE” OR THE “COMPANY”) PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS FOR THE COMPANY’S DECEMBER 12, 2005 PUBLIC OFFERING

 

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Eastern District of Kentucky, Northern Division, that a hearing will be held on June 27, 2019, at 1:30 p.m., before the Honorable William O. Bertelsman, United States District Judge, at the United States District Court for the Eastern District of Kentucky, Northern Division, 35 W. 5th Street, Covington, KY 41011, for the purpose of determining: (1) whether the proposed Settlement of the Litigation1 for $20 million should be approved by the Court as fair, reasonable and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court; (3) whether the Plan of Allocation for the Net Settlement Fund is fair, reasonable and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys’ fees and expenses and Plaintiffs’ request for an award pursuant to 15 U.S.C. §77z-1(a)(4) in connection with their representation of the Settlement Class should be approved.

IF YOU PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF OMNICARE PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS FOR THE COMPANY’S DECEMBER 12, 2005 PUBLIC OFFERING, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION, INCLUDING THE RELEASE OF CLAIMS YOU MAY POSSESS RELATING TO YOUR PURCHASE OR ACQUISITION OF OMNICARE COMMON STOCK PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS FOR THE COMPANY’S DECEMBER 12, 2005 PUBLIC OFFERING. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Omnicare Securities Settlement, c/o Gilardi & Co. LLC, Claims Administrator, P.O. Box 404113, Louisville, KY 40233-4113, or on the Internet at www.OmnicareSecuritiesSettlement.com. If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail (postmarked no later than July 1, 2019) or online no later than July 1, 2019, establishing that you are entitled to recovery.

If you purchased or acquired Omnicare common stock pursuant and/or traceable to the Registration Statement and Prospectus for the Company’s December 12, 2005 public offering but desire to be excluded from the Settlement Class, you must submit a request for exclusion so that it is postmarked no later than June 6, 2019, in the manner and form explained in the detailed Notice referred to above. All members of the Settlement Class who do not timely and validly request exclusion from the Settlement Class in the manner set forth in the Notice will be bound by any judgment entered in the Litigation pursuant to the Stipulation of Settlement.

Any objection to the Settlement, the Plan of Allocation, Lead Counsel’s request for attorneys’ fees and expenses, and Plaintiffs’ request for an award pursuant to 15 U.S.C. §77z-1(a)(4) in connection with their representation of the Settlement Class must be received by each of the following recipients no later than June 6, 2019:

                   
CLERK OF THE COURT

Lead Counsel:

Counsel for Defendants:

UNITED STATES DISTRICT

ROBBINS GELLER RUDMAN

WINSTON & STRAWN LLP

COURT

& DOWD LLP

JOHN E. SCHREIBER

EASTERN DISTRICT OF

HENRY ROSEN

333 S. Grand Avenue

KENTUCKY

655 West Broadway, Suite 1900

Los Angeles, CA 90071

NORTHERN DIVISION

San Diego, CA 92101

 

35 W. 5th Street

 

 

Covington, KY 41011
 

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed above or visit the website listed above.

           
DATED: March 21, 2019 BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF KENTUCKY
NORTHERN DIVISION
 

1 Capitalized terms herein shall have the same meanings as set forth in the Stipulation of Settlement available at the website www.OmnicareSecuritiesSettlement.com.

Contacts

Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick Nelson
1-619-231-1058

Contacts

Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick Nelson
1-619-231-1058