LAWSUITS NEWS & LEGAL INFORMATION
$2M Settlement Pending in Thornburg Mortgage Inc Securities Class Action
This is a settlement for the Securities/Stock Fraud lawsuit.
Albuquerque, NM: A proposed settlement of securities class action litigation involving Thornburg Mortgage, Inc. (pink:THMRQ), is pending.
To all persons and entities who purchased or otherwise acquired Thornburg Mortgage Inc, common stock and/or preferred stock in the open market and/or in or traceable to the offerings during the period between April 19, 2007 and March 19, 2008, inclusive, and who were damaged thereby (The "Class"):
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-mentioned action ("Litigation") has been certified as a class action for purposes of settlement only and that a settlement for Two Million Dollars ($2,000,000) has been proposed ("Settlement").
A hearing will be held on August 27, 2012 to determine: (1) whether the proposed Settlement should be approved as fair, reasonable and adequate; (2) whether the Litigation should be dismissed with prejudice against the Settling Defendants;[1] (3) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (4) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved. The Settlement only resolves claims against the Settling Defendants and the claims against the Non-Settling Defendants will continue.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action, Proposed Settlement, Settlement Fairness Hearing and Motion for Attorneys' Fees and Expenses ("Notice") and Proof of Claim and Release form ("Proof of Claim"), you may obtain copies of these documents by contacting the Claims Administrator: In re Thornburg Mortgage, Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA 19063, (866) 274-4004. Copies of the Notice and Proof of Claim can also be downloaded from the Claims Administrator's website, www.strategicclaims.net .
If you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Proof of Claim postmarked no later than November 19, 2012. If you are a member of the Class and do not submit a proper Proof of Claim, you will not share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by the Order and Final Judgment of the Court.
To exclude yourself from the Class, you must submit a request for exclusion such that it is received no later than August 6, 2012, in accordance with the instructions set forth in the Notice. If you are a member of the Class and do not exclude yourself from the Class, you will be bound by the Order and Final Judgment of the Court.
Any objections to the proposed Settlement, Plan of Allocation, and/or application for attorneys' fees and reimbursement of expenses must be filed with the Court and served on counsel for the parties on or before August 6, 2012, in accordance with the instructions set forth in the Notice.
Published on May-31-12
To all persons and entities who purchased or otherwise acquired Thornburg Mortgage Inc, common stock and/or preferred stock in the open market and/or in or traceable to the offerings during the period between April 19, 2007 and March 19, 2008, inclusive, and who were damaged thereby (The "Class"):
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-mentioned action ("Litigation") has been certified as a class action for purposes of settlement only and that a settlement for Two Million Dollars ($2,000,000) has been proposed ("Settlement").
A hearing will be held on August 27, 2012 to determine: (1) whether the proposed Settlement should be approved as fair, reasonable and adequate; (2) whether the Litigation should be dismissed with prejudice against the Settling Defendants;[1] (3) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (4) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved. The Settlement only resolves claims against the Settling Defendants and the claims against the Non-Settling Defendants will continue.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action, Proposed Settlement, Settlement Fairness Hearing and Motion for Attorneys' Fees and Expenses ("Notice") and Proof of Claim and Release form ("Proof of Claim"), you may obtain copies of these documents by contacting the Claims Administrator: In re Thornburg Mortgage, Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA 19063, (866) 274-4004. Copies of the Notice and Proof of Claim can also be downloaded from the Claims Administrator's website, www.strategicclaims.net .
If you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Proof of Claim postmarked no later than November 19, 2012. If you are a member of the Class and do not submit a proper Proof of Claim, you will not share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by the Order and Final Judgment of the Court.
To exclude yourself from the Class, you must submit a request for exclusion such that it is received no later than August 6, 2012, in accordance with the instructions set forth in the Notice. If you are a member of the Class and do not exclude yourself from the Class, you will be bound by the Order and Final Judgment of the Court.
Any objections to the proposed Settlement, Plan of Allocation, and/or application for attorneys' fees and reimbursement of expenses must be filed with the Court and served on counsel for the parties on or before August 6, 2012, in accordance with the instructions set forth in the Notice.
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