[June 16, 2004] Summary Notice of Pendency of Class Action, Proposed Settlement and Settlement Hearing Issued in Re Black Box Corporation Securities Litigation PITTSBURGH, June 16 /PRNewswire/ -- The following statement is being issued by the law firms of Geller Rudman, PLLC and Schiffrin & Barroway, LLP regarding the In Re Black Box Corporation Securities Litigation. UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF PENNSYLVANIA IN RE BLACK BOX CORPORATION CIVIL ACTION NO. 03-CV-412 SECURITIES LITIGATION JUDGE STANDISH SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT AND SETTLEMENT HEARING TO: ALL PERSONS WHO PURCHASED OR HELD THE COMMON STOCK OF BLACK BOX DURING THE PERIOD FROM OCTOBER 15, 2002 THROUGH AND INCLUDING MARCH 11, 2003 AND SUFFERED A LOSS THEREBY. YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Western District of Pennsylvania, dated May 26, 2004, that a hearing will be held before the Honorable William L. Standish, United States District Judge, at the United States Courthouse for the Western District of Pennsylvania, 829 U.S. Courthouse, Pittsburgh, PA 15219 at 2:30 p.m., on September 10, 2004, for the purposes of determining: (1) whether the Settlement Class should be finally certified as satisfying the applicable prerequisites for class action treatment under Fed. R. Civ. P. 23(a) and (b); (2) whether the proposed settlement of the above litigation for the principal amount of Two Million Dollars ($2,000,000), plus accrued interest, should be approved by the Court as fair, reasonable and adequate; (3) whether a Final Judgment approving the settlement and dismissing the Litigation on the merits and with prejudice should be entered; (4) whether the proposed Plan of Allocation is fair and reasonable; and (5) whether the application for attorneys' fees and reimbursement of expenses is reasonable and should be approved. 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 (i) the full printed Notice of Pendency of Class Action, Hearing on Proposed Settlement and Motion for Attorneys' Fees and (ii) a Proof of Claim form, you may obtain copies of these documents by identifying yourself as a member of the Class and by contacting: In re Black Box Securities Litigation c/o The Garden City Group, Inc. Claims Administrator P.O. Box 9000 #6224 Merrick, NY 11566-9000 866-808-3586 Inquiries, other than requests for Notice forms or Proof of Claim forms, may be made to Plaintiff's Lead Counsel: Samuel H. Rudman, Esq. Gregory Castaldo, Esq. Geller Rudman, PLLC Schiffrin & Barroway, LLP 200 Broadhollow Rd., Suite 406 Three Bala Plaza East, Suite 400 Melville, NY 11747 Bala Cynwyd, PA 19004 631-367-7100 610-667-7706 To participate in the Settlement, you must submit a Proof of Claim no later than September 27, 2004. If you are a Class Member and do not exclude yourself from the Class, you will be bound by the Final Order and Judgment of the Court. To exclude yourself from the Class, you must submit a request for exclusion postmarked no later than August 15, 2004. If you are a Class Member and do not submit a proper Proof of Claim, you will not share in the Settlement but you nevertheless will be bound by the Final Order and Judgment of the Court. Further information may be obtained by directing your inquiry in writing to the Claims Administrator. PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE By Order of The Court Geller Rudman, PLLC; Schiffrin & Barroway, LLP CONTACT: Samuel H. Rudman, Esq. of Geller Rudman, PLLC,+1-631-367-7100; or Gregory Castaldo, Esq. of Schiffrin & Barroway, LLP,+1-610-667-7706 [ Back To TMCnet.com's Homepage ]