SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an Order of the United States District Court, Southern District of California:
| CONSTRUCTION WORKERS PENSION TRUST | Master File No. | |||||
| FUND – LAKE COUNTY AND VICINITY, | 3:10-cv-02502-CAB-DHB | |||||
| Individually and on Behalf of All Others Similarly | ||||||
| Situated, |
CLASS ACTION |
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| Plaintiff, |
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| vs. |
SUMMARY NOTICE |
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| GENOPTIX, INC., et al., | ||||||
| Defendants. |
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TO: ALL PERSONS WHO PURCHASED OR ACQUIRED GENOPTIX, INC. (“GENOPTIX”) COMMON STOCK AND/OR GENOPTIX PUT AND CALL OPTIONS BEGINNING ON JULY 31, 2009 AND THROUGH AND INCLUDING JUNE 16, 2010
YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Southern District of California, a hearing will be held on June 20, 2014, at 3:00 p.m., before the Honorable Cathy Ann Bencivengo, United States District Judge, at the United States District Court for the Southern District of California, 221 West Broadway, Courtroom 4C, San Diego, CA 92101, for the purpose of determining: (1) whether the proposed Settlement of the Litigation for the sum of $7,700,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether the Plan of Allocation of Settlement proceeds is fair, reasonable, and adequate and therefore should be approved; (3) whether Lead Counsel’s application for the payment of attorneys’ fees (of 25% of the Settlement proceeds) and expenses incurred in connection with this Litigation, together with interest thereon, should be approved; (4) whether and in what amount Lead Plaintiff should be paid for its expenses in representing the Class; and (5) whether the Court should enter the Final Order Approving the Settlement and Order of Dismissal and the Judgment and dismiss the Litigation with prejudice.
If you purchased or acquired Genoptix common stock and/or Genoptix put and call options beginning on July 31, 2009 and through and including June 16, 2010, your rights may be affected by this Litigation 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 Genoptix 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.genoptixsecuritiessettlement.com. If you are a 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 July 7, 2014, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing, to the above address, postmarked by May 22, 2014.
Any objection to any aspect of the Settlement must be filed with the Clerk of the Court no later than May 22, 2014.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN
DISTRICT OF CALIFORNIA
Dated March 17, 2014
Media Contacts
ROBBINS GELLER RUDMAN & DOWD LLP
Jeffrey Light, (619) 231-1058