Welcome!

News Feed Item

ROBBINS GELLER RUDMAN & DOWD LLP Announces Proposed Settlement of VESTAS WIND SYSTEMS A/S SECURITIES LITIGATION

PORTLAND, Ore., Aug. 22, 2014 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the VESTAS WIND SYSTEMS A/S SECURITIES LITIGATION:

Gilardi & Co LLC.

In re VESTAS WIND SYSTEMS
A/S SECURITIES LITIGATION

)

)

Case No. 3:11-cv-00585-MO

TO:     ALL PERSONS WHO, DURING THE PERIOD FROM FEBRUARY 11, 2009, THROUGH FEBRUARY 9, 2012, INCLUSIVE (THE "CLASS PERIOD"), PURCHASED OR OTHERWISE ACQUIRED AMERICAN DEPOSITARY RECEIPTS ("ADRs") OR COMMON STOCK OF VESTAS WIND SYSTEMS A/S ("VESTAS") IN U.S. DOMESTIC TRANSACTIONS, INCLUDING ON THE OVER-THE-COUNTER MARKET.

YOU ARE HEREBY NOTIFIED that the above-captioned action has been certified as a class action and that the Lead Plaintiff has reached a proposed settlement with Vestas to resolve all claims in the case for $5,000,000 in cash.

For settlement purposes, the Court has certified a Class consisting of all persons and entities who purchased or otherwise acquired ADRs for Vestas ordinary shares and Vestas common stock (ordinary shares) in U.S. domestic transactions during the Class Period.  The proposed settlement does not apply to purchases or acquisitions of Vestas securities in non-U.S. transactions.

A hearing will be held on December 9, 2014, at 11:00 a.m., before United States District Judge Michael W. Mosman, in the United States District Court for the District of Oregon, Portland Division, located at Mark O. Hatfield U.S. Courthouse, 1000 S.W. Third Avenue, Portland, Oregon 97204, to determine whether the Court should approve the proposed settlement as fair, reasonable, and adequate and whether the Court should grant Lead Counsel's application for attorneys' fees and expenses.

IF YOU ARE A CLASS MEMBER, YOUR RIGHTS WILL BE AFFECTED BY THIS SETTLEMENT, AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT MONEY.

If you have not yet received the Notice of: (1) Pendency and Proposed Settlement of Class Action and (2) Hearing on Proposed Settlement (the "Notice"), you may obtain it by contacting In re Vestas Wind Systems A/S Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, United States of America, telephone (877) 430-6692 or (317) 324-0701.  You may also download the Notice from: www.vestassecuritieslitigation.com.

To participate in the settlement, you must submit a Claim Form.  You may download the Claim Form from www.vestassecuritieslitigation.com, or you may contact the Claims Administrator to request a Claim Form and to be added to the mailing list.  Completed Claim Forms must be postmarked or received by December 29, 2014, at the Claims Administrator's address (printed above).

If you purchased or otherwise acquired ADRs or Vestas common stock in U.S. domestic transactions during the Class Period, you will be deemed a Class Member unless you ask to be excluded from the Class.  Any requests for exclusion must be received by November 19, 2014, at the Claims Administrator's address (printed above).  Each request for exclusion must (i) state the name, address, telephone number, and e-mail address (if available) of the person or entity requesting exclusion, (ii) state that such person or entity requests exclusion from the Vestas settlement, (iii) be signed by the person or entity requesting exclusion, and (iv) provide the date(s), price(s), and number(s) of shares of all purchases and sales of ADRs and Vestas common stock in U.S. domestic transactions during the Class Period.  You will be bound by any judgment rendered in the class action unless you timely request exclusion from the Class as explained in the Notice, even if you have pending or later file another lawsuit, arbitration, or other proceeding relating to the claims covered by this settlement.  If you submit a valid and timely request for exclusion, you cannot share in the settlement money, cannot object to the settlement, and will not be bound by the settlement or the Court's rulings.

The Notice also describes how you may object to the settlement.  All objections must be received by the Court (at the address printed above) and by the lawyers listed below no later than November 19, 2014:

Lead Counsel for the Class

Vestas' Counsel

Henry Rosen, Esq.

Ralph C. Ferrara, Esq.

Patrick Daniels, Esq.

Jonathan E. Richman, Esq.

Trig Smith, Esq.

Proskauer Rose LLP

Keith Park, Esq.

1001 Pennsylvania Avenue, N.W.

Robbins Geller Rudman & Dowd LLP

Suite 400 South

655 West Broadway, Suite 1900

Washington, DC 20004

San Diego, CA 92101


(800) 449-4900


Inquiries, other than requests for copies of the Notice or for inclusion in the mailing list for future notices, may be directed to Lead Counsel for the Class.

DATED: July 30, 2014

BY ORDER OF THE COURT

Logo - http://photos.prnewswire.com/prnh/20130827/SF70625LOGO

SOURCE Robbins Gellar Rudman & Dowd LLP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.