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GOLD BENNETT CERA & SIDENER LLP Announces Yuhe Securities Litigation
|By PR Newswire
|April 3, 2014 12:00 PM EDT
LOS ANGELES, April 3, 2014 /PRNewswire/ -- The following statement is being issued by GOLD BENNETT CERA & SIDENER LLP pursuant to an Order of the United States District Court, Central District of California:
JEFF FEYKO, Individually and on Behalf of All Others Similarly Situated,
YUHE INTERNATIONAL, INC., et al.,
Case No.: 11-cv-05511-DDP (PJWx)
aAd PARTNERS LP, Individually and on Behalf of All Others Similarly Situated, Plaintiff,
RODMAN & RENSHAW, LLC, et al.,
ROTH CAPITAL PARTNERS, LLC, et al.,
CHILD, VAN WAGONER & BRADSHAW, PLLC, et al.,
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION
AND PROPOSED SETTLEMENT, SETTLEMENT
FAIRNESS HEARING, AND MOTION FOR ATTORNEYS' FEES
AND REIMBURSEMENT OF LITIGATION EXPENSES
TO: ALL PERSONS OR ENTITIES WHO ACQUIRED THE COMMON STOCK OF YUHE INTERNATIONAL, INC. ("YUHE") DURING THE PERIOD FROM DECEMBER 31, 2009 THROUGH JUNE 17, 2011 AND WHO WERE DAMAGED THEREBY (THE "CLASS").
YOU ARE HEREBY NOTIFIED (1) that the above-captioned action (the "Action") has been certified as a class action for purposes of a proposed settlement on behalf of the Class identified above, except for certain persons and entities who are excluded from the Class by definition as set forth in the Stipulation and Agreement of Settlement, and (2) that Lead Plaintiff aAd Partners LP ("Lead Plaintiff") and defendants Yuhe International, Inc., Zhentao Gao, Jiang Yingjun, Child, Van Wagoner & Bradshaw, PLLC, Roth Capital Partners, LLC, Brean Murray, Carret & Co., LLC, and Global Hunter Securities, LLC have entered into a proposed settlement (the "Settlement") for U.S. $2,700,000 in cash. If approved, the Settlement will resolve all claims in the Action.
A hearing will be held on June 9, 2014 at 2:00 p.m. before the Honorable Dean D. Pregerson, in the United States District Court for the Central District of California, 312 North Spring Street, Courtroom 3, Los Angeles, CA 90012, to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Lead Counsel for attorneys' fees and reimbursement of litigation expenses. The Court may change the date of the hearing without providing additional notice to Class Members.
IF YOU ACQUIRED YUHE COMMON STOCK DURING THE PERIOD FROM DECEMBER 31, 2009 THROUGH JUNE 17, 2011, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT PROCEEDS.
If you are a member of the Class in order to be eligible to share in the distribution of the net proceeds of the Settlement, you must submit a Proof of Claim Form no later than July 31, 2014. You will be bound by any judgment entered in the Action whether or not you submit a Claim Form. If you have not received the Notice of Pendency of Class Action and Proposed Settlement, Settlement Fairness Hearing, and Motion for Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice") or Claim Form, you may obtain copies of these documents by contacting: Feyko v. Yuhe International, Inc., c/o Gilardi & Co., LLC, P.O. Box 5100, Larkspur, CA 94977-5100, or toll-free at 1-877-266-0916. Copies of the Notice and Claim Form may also be downloaded from: www.yuhesecuritiessettlement.com.
Inquiries, other than requests for copies of the Notice, may also be made to Lead Counsel:
Gold Bennett Cera & Sidener LLP
Solomon B. Cera, Esq. or Pamela A. Markert, Esq.
595 Market Street, Suite 2300
San Francisco, CA 94105
Telephone: (415) 777-2230
[email protected] or [email protected]
If you desire to be excluded from the Class, you must file a request for exclusion by May 19, 2014, in the manner and form set forth in the Notice. All members of the Class who do not request exclusion will be bound by any judgment entered in the Action.
Any objection to the proposed Settlement, Plan of Allocation, or Lead Counsel's application for attorneys' fees and reimbursement of litigation expenses must be filed with the Court and delivered to counsel for the parties no later than May 19, 2014, at the addresses provided in, and in the manner and form set forth in the Notice.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.
Dated March 10, 2014
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
SOURCE GOLD BENNETT CERA & SIDENER LLP
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