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Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Hansen Natural Corporation Securities Litigation

LOS ANGELES--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Hansen Natural Corporation Securities Litigation:

         
MARCELO CUNHA, Individually   )   No. ED-CV-08-01249-GW(JCx)
and on Behalf of All Others Similarly )

 

Situated,

)

CLASS ACTION

Plaintiff, )
vs. )

SUMMARY NOTICE

HANSEN NATURAL CORPORATION, et al., )
Defendants.   )    
 

TO:

 

ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED HANSEN NATURAL CORPORATION (“HANSEN”)1 COMMON STOCK BETWEEN NOVEMBER 9, 2006 AND NOVEMBER 8, 2007, INCLUSIVE

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Central District of California, a hearing will be held on January 29, 2015, at 8:30 a.m., before the Honorable George H. Wu, at the United States District Court for the Central District of California, 312 North Spring Street, Los Angeles, CA 90012, for the purpose of determining: (1) whether the proposed settlement of the Action for the sum of Sixteen Million Two Hundred Fifty Thousand Dollars ($16,250,000.00) in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Action should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated as of April 16, 2014; (3) whether the Plan of Distribution of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for an award of attorneys’ fees and expenses, together with interest thereon.

If you purchased or otherwise acquired Hansen common stock between November 9, 2006 and November 8, 2007, inclusive, your rights may be affected by this Action and the settlement thereof. If you have not received a detailed Notice of Proposed Settlement of Class Action and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Hansen Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at www.hansensecuritiessettlement.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 form postmarked no later than November 12, 2014, establishing that you are entitled to a recovery. Regardless of whether you submit a claim form or obtain any distribution of the settlement fund, if the settlement is approved by the Court, you will be bound by any judgment rendered in the Action unless you send a request to be excluded, in writing, to the above address, postmarked by December 1, 2014.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than December 1, 2014, and received by the following no later than December 1, 2014:

     
ROBBINS GELLER RUDMAN   SCHULTE ROTH & ZABEL LLP
& DOWD LLP MARTIN L. PERSCHETZ
JEFFREY D. LIGHT GARY STEIN
DOUGLAS R. BRITTON 919 Third Avenue
655 West Broadway, Suite 1900 New York, NY 10022-3902
San Diego, CA 92101

 

Defendants’ Counsel

Counsel for Lead Plaintiff

   
 

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. Inquiries may be made to a representative of Lead Counsel for the Settlement Class:

              Rick Nelson
Shareholder Relations
ROBBINS GELLER RUDMAN
& DOWD LLP
655 West Broadway, Suite 1900
San Diego, CA 92101

1-800-449-4900

DATED: July 28, 2014

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA

1 On or before January 1, 2012, Hansen changed its name to Monster Beverage Corporation

Contacts

Media Contacts
Robbins Geller Rudman & Dowd LLP
Jeffrey D. Light, 800-449-4900