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Bernstein Litowitz Berger & Grossmann LLP, Kessler Topaz Meltzer & Check, LLP, and Barrack Rodos & Bacine Announce Proposed Class Action Settlement on Behalf of Purchasers of Green Mountain Coffee Roasters, Inc. Common Stock

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Bernstein Litowitz Berger & Grossmann LLP, Kessler Topaz Meltzer & Check, LLP, and Barrack Rodos & Bacine Announce Proposed Class Action Settlement on Behalf of Purchasers of Green Mountain Coffee Roasters, Inc. Common Stock

PR Newswire

BURLINGTON, Vt., Aug. 13, 2018 /PRNewswire/ --

UNITED STATES DISTRICT COURT
DISTRICT OF VERMONT




LOUISIANA MUNICIPAL POLICE



EMPLOYEES' RETIREMENT SYSTEM,



SJUNDE AP-FONDEN, BOARD OF TRUSTEES OF



THE CITY OF FORT LAUDERDALE GENERAL



EMPLOYEES' RETIREMENT SYSTEM,



EMPLOYEES' RETIREMENT

No. 2:11-CV-00289-WKS


SYSTEM OF THE GOVERNMENT OF THE VIRGIN



ISLANDS, AND PUBLIC EMPLOYEES'



RETIREMENT SYSTEM OF MISSISSIPPI



on behalf of themselves and all others similarly situated,






Plaintiffs,






                      v.






GREEN MOUNTAIN COFFEE ROASTERS,



INC., LAWRENCE J. BLANFORD and



FRANCES G. RATHKE,






Defendants.






 

SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND CLASS CERTIFICATION; (II) PROPOSED SETTLEMENT; (III) MOTION FOR AN AWARD OF ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION
EXPENSES; AND (IV) SETTLEMENT FAIRNESS HEARING

TO:  All persons or entities who, during the period between February 2, 2011 and November 9, 2011, inclusive, purchased or otherwise acquired Green Mountain Coffee Roasters, Inc. common stock and were damaged thereby (the "Class"):

PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of Vermont (the "Court"), that the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Class, except for certain persons and entities who are excluded from the Class by definition as set forth in the full printed Notice of (i) Pendency of Class Action and Class Certification; (ii) Proposed Settlement; (iii) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses; and (iv) Settlement Fairness Hearing (the "Notice").

YOU ARE ALSO NOTIFIED that the Class Representatives in the Action have reached a proposed settlement of the Action for $36,500,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.

A hearing will be held on Monday, October 22, 2018 at 10:00 a.m., before the Honorable William K. Sessions III at the United States District Court for the District of Vermont, 11 Elmwood Avenue, Burlington, VT 05401, Courtroom 110, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation and Agreement of Settlement dated June 18, 2018 (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Class Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

If you are a member of the Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund.  If you have not yet received the Notice and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at Green Mountain Securities Litigation, c/o Epiq Class Action & Claims Solutions, Inc., P.O. Box 3076, Portland, OR 97208-3076, 1-888-836-0903, info@GreenMountainSecuritiesLitigation.com.  Copies of the Notice and Claim Form can also be downloaded from the Settlement website, www.GreenMountainSecuritiesLitigation.com.

If you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than December 1, 2018.  If you are a Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.

If you are a member of the Class and wish to exclude yourself from the Class, you must submit a request for exclusion such that it is received no later than October 1, 2018, in accordance with the instructions set forth in the Notice.  If you properly exclude yourself from the Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement. 

Any objections to the proposed Settlement, the proposed Plan of Allocation, or Class Counsel's motion for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to Class Counsel and Defendants' Counsel such that they are received no later than October 1, 2018, in accordance with the instructions set forth in the Notice.

Please do not contact the Court, the Clerk's office, Defendants or their counsel regarding this notice.  All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Class Counsel or the Claims Administrator.

Requests for the Notice and Claim Form should be made to:

Green Mountain Securities Litigation
c/o Epiq Class Action & Claims Solutions, Inc.
P.O. Box 3076
Portland, OR 97208-3076
1-888-836-0903
info@GreenMountainSecuritiesLitigation.com
www.GreenMountainSecuritiesLitigation.com

Inquiries, other than requests for the Notice and Claim Form, may be made to Class Counsel:

Matthew L. Mustokoff, Esq.

Kessler Topaz Meltzer
   & Check, LLP

280 King of Prussia Road

Radnor, PA 19087

1-610-667-7706

info@ktmc.com

John C. Browne, Esq.
Bernstein Litowitz Berger
   & Grossmann LLP

1251 Avenue of the Americas, 44th Floor

New York, NY 10020

1-800-380-8496

blbg@blbglaw.com

Mark R. Rosen, Esq.

Barrack, Rodos & Bacine

Two Commerce Square

2001 Market Street, Ste. 3300

Philadelphia, PA 19103

1-215-963-0600

mrosen@barrack.com

By Order of the Court

 

Cision View original content:http://www.prnewswire.com/news-releases/bernstein-litowitz-berger--grossmann-llp-kessler-topaz-meltzer--check-llp-and-barrack-rodos--bacine-announce-proposed-class-action-settlement-on-behalf-of-purchasers-of-green-mountain-coffee-roasters-inc-common-stock-300695765.html

SOURCE United States District Court for the District of Vermont

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