The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of American Depositary Shares of Agria Corporation – GRO

August 28, 2017

NEWARK, N.J., Aug. 28, 2017 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the District of New Jersey has approved the following announcement of a proposed class action settlement that would benefit purchasers of American Depositary Shares of Agria Corporation (NYSE:GRO):

SUMMARY NOTICE OF CLASS ACTION SETTLEMENT

TO: ALL PERSONS WHO PURCHASED AMERICAN DEPOSITARY SHARES OF AGRIA CORPORATION DURING THE PERIOD FROM JUNE 8, 2016 THROUGH NOVEMBER 4, 2016, INCLUSIVE.1

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of New Jersey, that a hearing will be held on December 13, 2017 at 11:00 a.m. in Courtroom 5C before the Honorable Susan D. Wigenton, United States District Judge of the District of New Jersey, 50 Walnut Street, Newark, NJ 07101 (the “Settlement Hearing”) for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $1,300,000 (the “Settlement Amount”) 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 up to $429,000.00, or thirty-three percent (33%) of the Settlement Amount, reimbursement of litigation expenses of no more than $25,000, and an award to the Lead Plaintiffs not to exceed $15,000, should be approved; and (4) whether the above-captioned action (the “Litigation”) should be dismissed with prejudice.

If you purchased Agria Corporation’s American Depositary Shares during the class period from June 8, 2016 through November 4, 2016, inclusive, your rights may be affected by the Settlement of this litigation.  If you have not received a detailed Notice of Pendency and Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release attached thereto, you may obtain copies by writing to the Claims Administrator at: Agria Corporation 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); info@strategicclaims.net), or going to the website, www.strategicclaims.net.  If you are a member of the 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 October 23, 2017 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 Class, you must submit a request for exclusion so that it is received no later than November 13, 2017, in the manner and form explained in the detailed Notice.

Any objection to the Settlement, Plan of Allocation, or the Class Counsel’s (as defined below) 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 November 24, 2017 by each of the following:

Clerk of the Court
United States District Court
District of New Jersey
50 Walnut Street
Newark, NJ  07101

 
Laurence M. Rosen., Esq. 
THE ROSEN LAW FIRM, P.A.
609 W. South Orange Avenue, Suite 2P
South Orange, NJ 07079
Telephone: (973) 313-1887
Facsimile: (973) 833-0399

Class Counsel
James J. Farrell, Esq.
LATHAM & WATKINS LLP
885 Third Avenue
New York, NY 10022
Telephone: (212) 906-1200
Facsimile: (212) 751-4864

Counsel for Defendants

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.
609 W. South Orange Avenue, Suite 2P
South Orange, NJ 07079
Telephone: (973) 313-1887
Facsimile: (973) 833-0399

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

IT IS SO ORDERED.

Dated: August 8, 2017

BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE 
DISTRICT OF NEW JERSEY

1 Capitalized terms not otherwise defined herein have the meanings as set forth and defined in the Stipulation and Agreement of Settlement, which is available on the Internet at www.strategicclaims.net, or through the mail upon request to the Claims Administrator.