LAWSUITS NEWS & LEGAL INFORMATION
Proposed Settlement Reached in National Lampoon Securities Class Action
This is a settlement for the Securities/Stock Fraud lawsuit.
Los Angeles, CA: A proposed securities class action settlement has been reached that would benefit purchasers of common stock of National Lampoon, Inc. (NLMP).
You are hereby notified that a hearing will be held on June 18, 2012 (the "Settlement Hearing") for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $1,000,000 in cash 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 one-third of the Settlement amount and reimbursement of expenses of not more than $50,000, and an incentive payment of $1,500 to each of the three lead plaintiffs, should be approved; and (4) whether the Litigation should be dismissed with prejudice.
If you purchased common stock of National Lampoon, Inc. during the class period from March 1, 2008 through December 15, 2008, inclusive, your rights may be affected by the Settlement of this Action. If you 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 National Lampoon Securities Litigation, Claims Administrator, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA 19063 or by calling Tel: (866) 274-4004 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 no later than June 13, 2012, 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 postmarked by June 13, 2012, in the manner and form explained in the detailed Notice to the Claims Administrator.
Any objection to the Settlement, Plan of Allocation, or the Lead Plaintiff's 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 mailed or delivered such that it is received by each of the following no later than May 29, 2012.
Published on Mar-29-12
You are hereby notified that a hearing will be held on June 18, 2012 (the "Settlement Hearing") for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $1,000,000 in cash 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 one-third of the Settlement amount and reimbursement of expenses of not more than $50,000, and an incentive payment of $1,500 to each of the three lead plaintiffs, should be approved; and (4) whether the Litigation should be dismissed with prejudice.
If you purchased common stock of National Lampoon, Inc. during the class period from March 1, 2008 through December 15, 2008, inclusive, your rights may be affected by the Settlement of this Action. If you 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 National Lampoon Securities Litigation, Claims Administrator, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA 19063 or by calling Tel: (866) 274-4004 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 no later than June 13, 2012, 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 postmarked by June 13, 2012, in the manner and form explained in the detailed Notice to the Claims Administrator.
Any objection to the Settlement, Plan of Allocation, or the Lead Plaintiff's 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 mailed or delivered such that it is received by each of the following no later than May 29, 2012.
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