Market Overview

Claims Administrator Angeion Group Announces Proposed Settlement in Inventure Foods, Inc. Securities Litigation

Share:

Claims administrator Angeion Group today announced that a proposed
settlement has been reached in a class action involving all persons or
entities ("Persons") that purchased or otherwise acquired the common
stock of Inventure Foods, Inc. ("Inventure or the "Company", Ticker:
SNAK) pursuant or traceable to Inventure's secondary public offering
that closed or about September 14, 2014 and were damaged thereby.

YOU ARE HEREBY NOTIFIED that a hearing will be held on November
2, 2018, at 10:00 a.m. MST, before the Honorable Randall Warner at the
Superior Court of Arizona in Maricopa County, Courtroom 912, East Court
Building, 101 W. Jefferson Street, Phoenix, Arizona 85003-2243, to
determine whether: (1) the proposed settlement as set forth in the
Stipulation of Settlement dated as of April 24, 2018 (the "Stipulation")
of the above-captioned action (the "Litigation") for $4,200,000 in cash
should be approved by the Court as fair, reasonable and adequate; (2) to
award Plaintiff's Counsel attorneys' fees and expenses out of the
Settlement Fund (as defined in the Notice of Proposed Settlement of
Class Action (the "Notice"), which is discussed below); (3) to pay
Plaintiff for its time and expenses it incurred in representing the
Class in this Litigation out of the Settlement Fund; and (4) the Plan of
Allocation should be approved by the Court, as fair, reasonable and
adequate. This Litigation is a securities class action brought on behalf
of those Persons who purchased or otherwise acquired the common stock of
Inventure pursuant or traceable to Inventure's shelf registration
statement on Forms S-3 and S-3/A (Registration No. 333-196795),
prospectus dated August 28, 2014, and/or prospectus supplement dated
September 11, 2014 ("offering documents"), filed in connection with
Inventure's secondary public offering ("SPO") that closed on or about
September 14, 2014 (the "Class"), against Inventure, certain of its
executives and directors, and three underwriters of Inventure's
secondary public offering (collectively, "Defendants") for alleged
misstatements and omissions of material facts in the offering documents.

IF YOU PURCHASED OR OTHERWISE ACQUIRED INVENTURE COMMON STOCK
PURSUANT OR TRACEABLE TO THE COMPANY'S SPO, AND ARE A MEMBER OF THE
CLASS, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.

To share in the distribution of the Settlement Fund, you must establish
your rights by submitting a Proof of Claim postmarked or submitted
online on or before December 6, 2018. Your failure to submit your Proof
of Claim by December 6, 2018 will subject your claim to rejection and
preclude your receiving any of the recovery in connection with the
Settlement of this Litigation. If you are a Member of the Class and do
not request exclusion, you will be bound by the Settlement and any
judgment and release entered in the Litigation, including, but not
limited to, the Judgment, whether or not you submit a Proof of Claim.

THIS NOTICE IS JUST A SUMMARY. If you have not received a copy of
the Notice, which more completely describes the Settlement and your
rights thereunder (including your right to object to the Settlement or
exclude yourself from the Settlement), and a Proof of Claim form, you
may obtain these documents, as well as a copy of the Stipulation (which
among other things contains definitions for the defined terms used in
this Summary Notice) and other Settlement documents, online at www.InventureClassAction.com
, or by writing to:

Inventure Secondary Public Offering Litigation Settlement
c/o
Claims Administrator
1650 Arch Street, Suite 2210
Philadelphia,
PA 19103

Inquiries should NOT be directed to Defendants, the Court, or the Clerk
of the Court. Inquiries may also be made to a representative of Class
Counsel c/o:

CHIMICLES & TIKELLIS LLP
Kimberly Donaldson Smith
361 W.
Lancaster Avenue
Haverford, PA 19401
Phone: 610-642-8500

IF YOU DESIRE TO BE EXCLUDED FROM THE CLASS, YOU MUST SUBMIT A REQUEST
FOR EXCLUSION SUCH THAT IT IS POSTMARKED NO LATER THAN OCTOBER 3, 2018,
IN THE MANNER AND FORM EXPLAINED IN THE NOTICE. ALL MEMBERS OF THE CLASS
WHO HAVE NOT REQUESTED EXCLUSION FROM THE CLASS WILL BE BOUND BY THE
SETTLEMENT ENTERED IN THE LITIGATION EVEN IF THEY DO NOT FILE A TIMELY
PROOF OF CLAIM.

IF YOU ARE A CLASS MEMBER, YOU HAVE THE RIGHT TO OBJECT TO THE
SETTLEMENT, THE PLAN OF ALLOCATION, THE REQUEST BY PLAINTIFF'S COUNSEL
FOR AN AWARD OF ATTORNEYS' FEES AND EXPENSES, AND/OR THE PAYMENT TO
PLAINTIFF FOR ITS TIME AND EXPENSES. ANY OBJECTIONS MUST BE FILED WITH
THE COURT AND SENT TO CLASS COUNSEL BY OCTOBER 3, 2018, IN THE MANNER
AND FORM EXPLAINED IN THE NOTICE.

Form and substance approved by Court Order dated August 7, 2018.

View Comments and Join the Discussion!