The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Tangoe, Inc. -- TNGO

November 27, 2017

HARTFORD, Conn, Nov. 27, 2017 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. and Finkelstein & Krinsk LLP announce that the United States District Court for the District of Connecticut has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Tangoe, Inc. (OTCMKTS:TNGO):

SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT

TO:    ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED TANGOE, INC. (“TANGOE”) SECURITIES FROM MAY 10, 2013 THROUGH JUNE 16, 2017, INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Connecticut, that a hearing will be held on March 8, 2018, at 9:30 a.m. before the Honorable Vanessa L. Bryant, United States District Judge of the United States District Court for the District of Connecticut, Abraham A. Ribicoff Federal Building, 450 Main Street, Annex 135, Hartford, Connecticut, 06103, for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $2,550,000 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 of Co-Lead Counsel for an award of attorneys’ fees of up to one-third of the Settlement Amount, reimbursement of expenses of not more than $125,000, and an incentive payment of no more than $10,000 to Lead Plaintiff, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation and Agreement of Settlement dated October 2, 2017 (the “Settlement Stipulation”).

If you purchased Tangoe securities during the period from May 10, 2013 through June 16, 2017, both dates inclusive (the “Settlement Class Period”), your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in Tangoe securities. If you have not received a postcard, providing instructions for receiving a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release Form, you may obtain copies by writing to or calling Tangoe, Inc. Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 3, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985; info@strategicclaims.net, or going to the website, www.strategicclaims.net. If you are a member of the Settlement Class, to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form postmarked no later than February 22, 2018, 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 Action whether or not you make a claim.  

If you desire to be excluded from the Settlement Class, you must submit a request for exclusion so that it is received no later than February 8, 2018, in the manner and form explained in the detailed Notice to the Claims Administrator. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the Settlement Stipulation.

Any objection to the Settlement, Plan of Allocation, or Co-Lead Counsel’s request for an award of attorneys’ fees and reimbursement of expenses and award to Lead Plaintiff must be in the manner and form explained in the detailed Notice and received no later than February 15, 2018 by each of the following:

Clerk of the Court
United States District Court
District of Connecticut
Abraham A. Ribicoff Federal Building
450 Main Street
Hartford, CT 06103

CO-LEAD COUNSEL:

Jacob A. Goldberg, Esq.
The Rosen Law Firm, P.A.
101 Greenwood Avenue, Suite 440
Jenkintown, PA  19046

Jeffry Krinsk, Esq.
David J. Harris, Jr., Esq.
FINKELSTEIN & KRINSK LLP
550 West C Street, Suite 1760
San Diego, CA 92101

COUNSEL FOR DEFENDANTS:

William H. Paine, Esq.
Dan Willey, Esq.
WILMER CUTLER PICKERING HALE AND DORR LLP
60 State Street
Boston, Massachusetts 02109

If you have any questions about the Settlement, you may call or write to Lead Counsel:

Jacob A. Goldberg, Esq.
The Rosen Law Firm, P.A.
101 Greenwood Avenue, Suite 440
Jenkintown, PA 19046
Tel.: 215-600-2817

Jeffry Krinsk, Esq.
David J. Harris, Jr., Esq.
FINKELSTEIN & KRINSK LLP
550 West C Street, Suite 1760
San Diego, CA 92101
Tel.: (619) 238-1333

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

Dated: November 13, 2017                                                                       _______________________________
BY ORDER OF THE UNITED STATES 
DISTRICT COURT FOR THE 
DISTRICT OF CONNECTICUT