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Robbins Geller Rudman & Dowd LLP Announce Proposed Settlement in the Freshpet Securities Litigation
[November 27, 2019]

Robbins Geller Rudman & Dowd LLP Announce Proposed Settlement in the Freshpet Securities Litigation


The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Freshpet Securities Settlement:





UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY

 

GARY CURRAN, Individually and on Behalf of All

)

No. 2:16-cv-02263-MCA-LDW

Others Similarly Situated,

)

CLASS ACTION

Plaintiff,

)

 

vs.

)

 

FRESHPET, INC., et al.,

)

Defendants.

)

 

)

)


SUMMARY NOTICE

 

TO:

ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF FRESHPET, INC. ("FRESHPET") DURING THE PERIOD FROM APRIL 1, 2015 THROUGH AND INCLUDING NOVEMBER 11, 2015, AND WERE ALLEGEDLY DAMAGED THEREBY, AND ARE NOT OTHERWISE EXCLUDED FROM THE SETTLEMENT CLASS

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of New Jersey, that a hearing will be held on March 4, 2020, at 2:00 p.m., before the Honorable Madeline Cox (News - Alert) Arleo, United States District Judge, at the United States District Court for the District of New Jersey, Martin Luther King Building & U.S. Courthouse, 50 Walnut Street, Newark, New Jersey, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Litigation for the principal amount of $10.1 million, plus interest, should be approved by the Court as fair, reasonable, and adequate; (2) whether a Settlement Class should be certified for purposes of settlement; (3) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Litigation with prejudice; (4) whether the Plan of Allocation is fair, reasonable, and adequate and should be approved; and (5) whether the application of Lead Counsel for the payment of attorneys' fees and expenses and Lead Plaintiff's expenses in connection with this Litigation should be approved.

IF YOU PURCHASED OR OTHERWISE ACQUIRED ANY FRESHPET COMMON STOCK DURING THE PERIOD FROM APRIL 1, 2015 THROUGH AND INCLUDING NOVEMBER 11, 2015, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION. Excluded from the Settlement Class are: (i) Freshpet; (ii) the Individual Defendants; (iii) members of the families of each Individual Defendant; (iv) any entity in which any Defendant has a controlling interest; (v) the officers and directors of Freshpet during the Settlement Class Period; and (vi) the legal representatives, heirs, successors or assigns of any such excluded party. Also excluded from the Settlement Class are those Persons who timely and validly exclude themselves therefrom by submitting a request for exclusion. 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 Freshpet Securities Settlement, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box (News - Alert) 43313, Providence, RI 02940-3313, or on the internet at www.FreshpetSecuritiesSettlement.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 or online no later than February 18, 2020, establishing that you are entitled to recovery. If you request to be excluded from the Settlement Class, you must submit a request for exclusion postmarked by February 12, 2020, in the form and manner explained in the detailed Notice. You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing, to Freshpet Securities Settlement, Claims Administrator, c/o Gilardi & Co. LLC, EXCLUSIONS, 3301 Kerner Blvd., San Rafael, CA (News - Alert) 94901, postmarked by February 12, 2020.

Any objection to the Settlement, the Plan of Allocation, and/or the fee and expense application must be received, not simply postmarked, by each of the following recipients no later than February 12, 2020:

CLERK OF THE COURT

Lead Counsel:

Defendants' Counsel:

UNITED STATES DISTRICT

ROBBINS GELLER RUDMAN

PEPPER HAMILTON LLP

COURT

& DOWD LLP

ROBERT L. HICKOK

DISTRICT OF NEW JERSEY

ALAN I. ELLMAN

3000 Two Logan Square

Martin Luther King Building

58 South Service Road, Suite 200

Eighteenth & Arch Streets

& U.S. Courthouse

Melville, NY  11747

Philadelphia, PA  19103

50 Walnut Street, Room 4015

 

Newark, NJ  07101

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.

DATED: November 20, 2019

 

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY

 


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