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Robbins Geller Rudman & Dowd LLP and Cravath, Swaine & Moore LLP Announce Proposed Settlement in the Big Lots Securities Settlement

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The following statement is being issued by Robbins Geller Rudman & Dowd
LLP and Cravath, Swaine & Moore LLP regarding the Big Lots Securities
Settlement:

 

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF OHIO

EASTERN DIVISION

             
ALAN WILLIS, Individually and on Behalf of All ) No. 2:12-cv-00604-MHW-KAJ
Others Similarly Situated, )

CLASS ACTION

Plaintiff, )
vs. )
BIG LOTS, INC., et al., )
Defendants. )
)
          )
 
 

SUMMARY NOTICE

     

TO:

ALL PERSONS WHO PURCHASED THE COMMON STOCK OF BIG LOTS, INC.
("BIG LOTS") BETWEEN MARCH 2, 2012 AND AUGUST 23, 2012, INCLUSIVE

 

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States
District Court for the Southern District of Ohio, Eastern Division, that
a hearing will be held on Tuesday, October 30, 2018, at 2:00 p.m.,
before the Honorable Michael H. Watson, United States District Judge, at
the United States District Court for the Southern District of Ohio,
Eastern Division, Joseph P. Kinneary U.S. Courthouse, 85 Marconi
Boulevard, Columbus, Ohio 43215, for the purpose of determining:
(1) whether the proposed Settlement of the Litigation for $38 million
should be approved by the Court as fair, reasonable, and adequate;
(2) whether a Final Judgment and Order of Dismissal with Prejudice
should be entered by the Court; (3) whether the Plan of Allocation for
the Net Settlement Fund is fair, reasonable, and adequate and should be
approved; and (4) whether the application of Class Counsel for the
payment of attorneys' fees and expenses and Class Representatives'
awards pursuant to 15 U.S.C. §78u-4(a)(4) should be approved.

IF YOU PURCHASED THE COMMON STOCK OF BIG LOTS DURING THE TIME PERIOD
COMMENCING ON MARCH 2, 2012, AND ENDING ON AUGUST 23, 2012, INCLUSIVE
(THE "CLASS PERIOD"), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF
THIS LITIGATION, INCLUDING THE RELEASE OF CLAIMS YOU MAY POSSESS
RELATING TO YOUR PURCHASE OF THE COMMON STOCK OF BIG LOTS DURING THE
CLASS PERIOD. 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 Big
Lots Securities Settlement
, c/o Gilardi & Co. LLC, Claims
Administrator, P.O. Box 404066, Louisville, KY 40233-4066, or on the
Internet at www.BigLotsSecuritiesSettlement.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 by
mail (postmarked no later than October 8, 2018)
or online (no later than October 8, 2018),
establishing that you are entitled to recovery.

If you purchased Big Lots common stock during the Class Period and you
desire to be excluded from the Class, you must submit a request for
exclusion so that it is postmarked no later than October 9,
2018, in the manner and form explained in the detailed
Notice referred to above. All members of the Class who do not timely and
validly request exclusion from the Class in the manner set forth in the
Notice will be bound by any judgment entered in the Litigation pursuant
to the Stipulation of Settlement.

Any objection to the Settlement, the Plan of Allocation, Class Counsel's
request for attorneys' fees and expenses, and Class Representatives'
request for their time and expenses must be received by each of
the following recipients no later than October 9,
2018:

           
CLERK OF THE COURT

Class Counsel:

Counsel for Defendants:

UNITED STATES DISTRICT

ROBBINS GELLER RUDMAN &

CRAVATH, SWAINE

COURT

DOWD LLP

& MOORE LLP

SOUTHERN DISTRICT OF OHIO DAVID W. MITCHEL

MICHAEL A. PASKIN

EASTERN DIVISION 655 West Broadway, Suite 1900

825 Eighth Avenue

Joseph P. Kinneary U.S. Courthouse San Diego, CA 92101

New York, NY 10019

85 Marconi Boulevard

 

Columbus, Ohio 43215
 

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 Class Counsel at the address listed above or visit the website
listed above.

                                   
DATED: June 25, 2018 BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF OHIO

EASTERN DIVISION

 

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