WILMINGTON, Del.–(BUSINESS WIRE)–Grant & Eisenhofer P.A. Announces Adjustment of Securities Chic Activity Lawsuit Adjoin American Dental Partners, Inc.
In the United States District Court District of Massachusetts
IN RE AMERICAN DENTAL PARTNERS, INC. SECURITIES LITIGATION – No. 08-cv-10119-RGS (Consolidated Action)
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, MOTION FOR ATTORNEYS’ FEES AND EXPENSES, AND HEARING ON PROPOSED SETTLEMENT
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED AMERICAN DENTAL PARTNERS, INC. COMMON STOCK BETWEEN AND INCLUDING FEBRUARY 25, 2004 AND DECEMBER 13, 2007 (THE “CLASS”)
YOU ARE HEREBY NOTIFIED that the Lead Plaintiff in the above-captioned awaiting chic activity (the “Action”) has accomplished a proposed adjustment with the defendants, American Dental Partners, Inc. (“ADPI”), Gregory A. Serrao, Breht T. Feigh and Mark W. Vargo (collectively, the “Defendants”), whereby (1) Defendants will account a absolute of $6,000,000.00 to be paid out of allowance gain accessible to them beneath a Directors, Officers and Corporate Liability Allowance Policy issued to ADPI, for the account of the Class, and (2) the Chic associates will aish and absolution assertive claims adjoin the Defendants (the “Settlement”).
A audition will be captivated on March 18, 2010, at 2:00 p.m., afore the Honorable Richard G. Stearns in the United States District Court for the District of Massachusetts, John Joseph Moakley United States Courthouse, 1 Courthouse Way, Boston, MA 02210, to actuate (1) whether this Activity should be certified as a chic activity for purposes of the Settlement; (2) whether the Adjustment should be accustomed as fair, reasonable and adequate; (3) whether the Activity should be absolved with ageism adjoin the Defendants and the claims adjoin the Defendants released; and (4) whether the appliance submitted by Lead Plaintiff’s admonition for attorneys’ fees and agreement of costs should be granted.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE NET SETTLEMENT AMOUNT. If you accept not yet accustomed the abounding printed Notice of Pendency of Chic Action, Proposed Settlement, Motion for Attorneys’ Fees and Expenses, and Audition on Proposed Adjustment and a Proof of Claim and Absolution anatomy (“Claim Form”), you may access copies of these abstracts by contacting the Claims Administrator:
To participate in the Settlement, you will be appropriate to abide a Claim Anatomy no after than April 17, 2010. If you are a Chic affiliate and do not exclude yourself from the Class, you will be apprenticed by the Final Order and Judgment of the Court. To exclude yourself from the Class, you charge abide a appeal for exclusion postmarked no after than February 25, 2010. Any objections to the Adjustment charge be filed by February 25, 2010. If you are a Chic affiliate and do not abide a able Claim Form, you will not allotment in the Adjustment but you about will be apprenticed by the Final Order and Judgment of the Court.
Inquiries, added than requests for copies of the Notice and Claim Anatomy or for admittance on the commitment account for approaching notices, may be directed to Lead Admonition for the Class:
BY ORDER OF THE COURT.
FOR MORE INFORMATION REGARDING THIS SETTLEMENT AND FILING A CLAIM GO TO WWW.ADPISETTLEMENT.COM OR CONTACT THE TOLL-FREE HOTLINE AT 866-880-8634.
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