Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of the Celera Corp. Securities Litigation
10 April 2015 - 1:00AM
Business Wire
The following statement is being issued by Robbins Geller Rudman
& Dowd LLP regarding the Celera Corp. Securities
Litigation:
UNITED STATES DISTRICT COURTNORTHERN DISTRICT
OF CALIFORNIASAN JOSE DIVISION
In re CELERA CORP. SECURITIES
LITIGATION
No. 5:10-cv-02604-EJD(HRL)
CLASS
ACTION
SUMMARY NOTICE
This Document Relates To:
ALL ACTIONS.
TO:
ALL PERSONS WHO PURCHASED OR ACQUIRED
CELERA CORPORATION (“CELERA”) COMMON STOCK BETWEEN APRIL 24, 2008
AND JULY 22, 2009
YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United
States District Court for the Northern District of California, a
hearing will be held on July 16, 2015, at 9:00 a.m., before the
Honorable Edward J. Davila, at the United States District Court for
the Northern District of California, San Jose Division, Robert F.
Peckham Federal Building, 280 South 1st Street, San Jose, CA 95113,
for the purpose of determining: (1) whether the proposed settlement
of the Litigation for the sum of $24,750,000 in cash should be
approved by the Court as fair, reasonable, and adequate; (2)
whether, thereafter, this Litigation should be dismissed with
prejudice against the Defendants as set forth in the Stipulation of
Settlement dated as of August 28, 2014; (3) whether the Plan of
Allocation of settlement proceeds is fair, reasonable, and adequate
and therefore should be approved; and (4) the reasonableness of the
application of Lead Counsel for the payment of attorneys’ fees and
expenses in connection with this Litigation, together with interest
thereon.
If you purchased or acquired Celera common stock between April
24, 2008 and July 22, 2009, your rights may be affected by this
Litigation and the settlement thereof1. If you have not received a
detailed Notice of Proposed Settlement of Class Action and a copy
of the Proof of Claim and Release, you may obtain copies by writing
to Celera Securities Litigation, Claims Administrator, c/o Gilardi
& Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by
downloading this information at www.celerasecuritiessettlement.com.
If you are a Class Member, in order to share in the distribution of
the Net Settlement Fund, you must mail a Proof of Claim and Release
postmarked to the Claims Administrator at the above address, by
June 28, 2015. You may also submit your Proof of Claim and Release
online at www.celerasecuritiessettlement.com by June 28, 2015. You
will be bound by any judgment rendered in the Litigation unless you
request to be excluded, in writing, to the Claims Administrator at
the above address, postmarked by May 14, 2015.
Any objection to any aspect of the settlement must be mailed or
filed with the Class Action Clerk at the United States District
Court for the Northern District of California, San Jose Division,
280 South 1st Street, San Jose, CA 95113, or filed in person at any
location of the United States District Court for the Northern
District of California on or before May 14, 2015.
PLEASE DO NOT TELEPHONE THE COURT OR THE CLERK’S OFFICE
REGARDING THIS NOTICE TO INQUIRE ABOUT THIS SETTLEMENT OR THE
CLAIMS PROCESS.
DATED: March 31, 2015
BY ORDER OF THE COURTUNITED STATES DISTRICT COURTNORTHERN
DISTRICT OF CALIFORNIASAN JOSE DIVISION
1 This includes purchasers of Celera Group common stock, a
tracking stock of Applera Corporation, which traded on the New York
Stock Exchange (NYSE) under the ticker CRA, and purchasers of
Celera common stock after it split-off from Applera Corporation on
July 1, 2008 to become an independent public company traded on the
National Association of Securities Dealers Automatic Quotation
System (NASDAQ) under the ticker CRA.
Robbins Geller Rudman & Dowd LLPJeffrey Light,
619-231-1058
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