Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Constant Contact Securities Litigation
BOSTON--(BUSINESS WIRE)--Jan 2, 2020--
The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Constant Contact Securities Litigation:
|UNITED STATES DISTRICT COURT|
DISTRICT OF MASSACHUSETTS
WILLIAM McGEE and LEE McGEE, Individually
and on Behalf of All Others Similarly Situated,
CONSTANT CONTACT, INC., et al.,
IF YOU PURCHASED OR ACQUIRED CONSTANT CONTACT, INC. (“CONSTANT CONTACT” OR THE “COMPANY”) COMMON STOCK BETWEEN JULY 25, 2014 AND JULY 23, 2015, YOU COULD GET A PAYMENT FROM A CLASS ACTION SETTLEMENT.
A settlement has been proposed in a class action lawsuit concerning the price of Constant Contact stock. The settlement will provide $13 million to pay claims from Constant Contact investors who bought or acquired the Company’s common stock from July 25, 2014, through and including July 23, 2015. If you qualify, you may send in a claim form to get benefits, or you can exclude yourself from the settlement, or you can object to it.
A hearing will be held on May 27, 2020, at 2:00 p.m. ET, before the Honorable Mark L. Wolf, at the John Joseph Moakley U.S. Courthouse, 1 Courthouse Way, Boston, MA 02210, to consider whether to approve the settlement and the proposed Plan of Allocation and a request by the lawyers representing all Class Members for an award of attorneys’ fees of 25% of the $13 million settlement amount, plus expenses not to exceed $120,000.
If you purchased or acquired Constant Contact common stock between July 25, 2014 and July 23, 2015, inclusive, 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 of these documents by contacting the Claims Administrator or visiting its website: Constant Contact Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 43321, Providence, RI 02940-3321; 1-866-635-4819; www.ConstantContactSecuritiesLitigation.com. You may also review the Stipulation of Settlement and all other settlement-related documents at www.ConstantContactSecuritiesLitigation.com, or you may contact the Claims Administrator at 1-866-635-4819 for further information regarding the settlement. You may also contact a representative of counsel for the Class: Rick Nelson, Shareholder Relations, Robbins Geller Rudman & Dowd LLP, 655 West Broadway, Suite 1900, San Diego, CA 92101, 1-800-449-4900.
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 online at www.ConstantContactSecuritiesLitigation.com by April 13, 2020, or by mail postmarked no later than April 13, 2020, 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, in accordance with the instructions set forth in the Notice such that it is postmarked by April 24, 2020.
Any objection to any aspect of the settlement must be filed with the Clerk of the Court on or before April 24, 2020, and also delivered by hand or first-class mail to:
ROBBINS GELLER RUDMAN
& DOWD LLP
LATHAM & WATKINS LLP
ELLEN GUSIKOFF STEWART
885 Third Avenue
655 West Broadway, Suite 1900
New York, NY 10022
San Diego, CA 92101
The Court has retained the discretion to alter any of the deadlines or requirements outlined above for good cause shown.
PLEASEDO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
BY ORDER OF THE COURT
DATED: November 26, 2019
UNITED STATES DISTRICT COURT
DISTRICT OF MASSACHUSETTS
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CONTACT: Robbins Geller Rudman & Dowd LLP
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Robbins Geller Rudman & Dowd LLP
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PUB: 01/02/2020 11:00 AM/DISC: 01/02/2020 11:01 AM