{"id":45620,"date":"2020-07-15T08:07:00","date_gmt":"2020-07-15T08:07:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2652966"},"modified":"2020-07-15T08:07:00","modified_gmt":"2020-07-15T08:07:00","slug":"bernstein-litowitz-berger-grossmann-llp-announces-a-proposed-settlement-in-the-henry-schein-inc-securities-litigation","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/15\/bernstein-litowitz-berger-grossmann-llp-announces-a-proposed-settlement-in-the-henry-schein-inc-securities-litigation\/","title":{"rendered":"Bernstein Litowitz Berger & Grossmann LLP Announces a Proposed Settlement in the Henry Schein, Inc. Securities Litigation"},"content":{"rendered":"
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UNITED STATES<\/span> DISTRICT COURT EASTERN DISTRICT OF NEW YORK<\/span><\/strong><\/p>\n
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IN RE HENRY SCHEIN, INC. SECURITIES LITIGATION<\/span><\/p>\n<\/td>\n
SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING; AND (III) MOTION FOR ATTORNEYS’ FEES AND LITIGATION EXPENSES<\/strong><\/p>\n
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TO: <\/strong><\/span><\/p>\n<\/td>\n
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All persons and entities who purchased or otherwise acquired the common stock of Henry Schein, Inc. (“Schein”) during the period from March 7, 2013 through February 12, 2018, inclusive (the “Class Period”), and were damaged thereby (the “Class”).1<\/sup><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
Please read this notice carefully. your rights will be affected by a class-action lawsuit pending in this court.<\/strong><\/p>\n
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States<\/span> District Court for the Eastern District of New York<\/span> (the “Court”), that the above-captioned securities class action (the “Action”) is pending in the Court.<\/p>\n
YOU ARE ALSO NOTIFIED that Lead Plaintiff in the Action, City of Miami General Employees’ & Sanitation Employees’ Retirement Trust, has reached a proposed settlement of the Action for $35,000,000<\/span> in cash (the “Settlement”), which, if approved, will resolve all claims in the Action. <\/p>\n
A hearing will be held on September 16<\/span><\/strong>, 2020 at 11:00 a.m.<\/span><\/strong>, before the Honorable Margo K. Brodie, either in-person at the United States<\/span> District Court for the Eastern District of New York<\/span>, 225 Cadman Plaza East, Brooklyn, NY<\/span> 11201, Courtroom 6F, or by telephone, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether, for purposes of the proposed Settlement only, the Action should be certified as a class action on behalf of the Class, Lead Plaintiff should be certified as Class Representative for the Class, and Lead Counsel should be appointed as class counsel for the Class; (iii) whether the Action should be dismissed with prejudice against Defendants and whether the releases specified and described in the Settlement Agreement dated April 30, 2020<\/span> (and in the Notice) should be granted; (iv) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (v) whether Lead Counsel’s motion for an award of attorneys’ fees and expenses and Lead Plaintiff’s motion for costs and expenses should be approved. If the hearing is held by telephone, information on how to participate will be posted at www.HSICSecuritiesLitigation.com<\/a>.<\/p>\n
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