The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Common Stock of MiMedx Group, Inc. -- MDXG
ATLANTA, Dec. 04, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Northern District of Georgia has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of MiMedx Group, Inc. (NASDAQ:MDXG):
SUMMARY NOTICE OF PENDENCY AND SETTLEMENT OF CLASS ACTION
TO: ALL PERSONS WHO PURCHASED MIMEDX GROUP, INC. COMMON STOCK DURING THE PERIOD FROM MARCH 29, 2012 THROUGH SEPTEMBER 4, 2013, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of Georgia, that a hearing will be held on April 5, 2016 at 10:00 a.m. in Courtroom 2108 before the Honorable Thomas W. Thrash, Jr., United States District Judge for the Northern District of Georgia, Atlanta Division at 2211 United States Courthouse 75 Ted Turner Drive, SW, Atlanta, GA 30303 (the “Settlement Hearing”) for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $2,979,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds is fair, reasonable, and adequate; (3) whether the application for an award of attorneys’ fees of $993,000 or one-third of the Settlement Fund and reimbursement of expenses of not more than $265,000 and a service award of no more than $4,500 each to Lead Plaintiff and Named Plaintiffs (“Plaintiffs”), should be approved; and (4) whether the Litigation should be dismissed with prejudice.
If you purchased or otherwise acquired MiMedx common stock during the settlement class period from March 29, 2012 through September 4, 2013, inclusive, and have not received a detailed Notice of Pendency and Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to the Claims Administrator at: MiMedx Group, Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson St., Ste. 3, Media, PA 19063 866-274-4004 (Tel) 610-565-7985 (Fax); firstname.lastname@example.org, or going to the website, www.strategicclaims.net. If you are a member of the Settlement Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than January 18, 2016 to the Claims Administrator, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Litigation whether or not you make a claim. If you desire to be excluded from the Settlement Class, you must submit a request for exclusion to be received no later than March 15, 2016, in the manner and form explained in the detailed Notice to the Claims Administrator.
Any objection to the Settlement, Plan of Allocation, or Class Counsel’s request for an award of attorneys’ fees and reimbursement of expenses must be in the manner and form explained in the detailed Notice and received no later than March 22, 2016, to each of the following:
Clerk of the Court
United States District Court Richard B. Russell Federal Building 2211 United States Courthouse 75 Ted Turner Drive, SW Atlanta, GA 30303
COUNSEL FOR PLAINTIFFS AND THE CLASS: Laurence M. Rosen, Esq. THE ROSEN LAW FIRM, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel.: 212-686-1060 Fax: 212-202-3827
COUNSEL FOR DEFENDANTS: Lisa R. Bugni, Esq. ALSTON & BIRD LLP 1201 West Peachtree St., Suite 4200 Atlanta, GA 30309 Tel: 404-881-4959 Fax: 404-253-8359
If you have any questions about the Settlement, you may call or write to Class Counsel:
Laurence M. Rosen, Esq. THE ROSEN LAW FIRM, P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Telephone: (212) 686-1060 Fax: (212) 202-3827
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
DATED: NOVEMBER 19, 2015
BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF GEORGIA