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Glancy Prongay & Murray LLP and Johnson Fistel, LLP Announce a Notice of Settlement for all persons or entities who purchased or otherwise acquired the common stock of Flowers Foods, Inc.

LOS ANGELES, Sept. 16, 2019 /PRNewswire/ --

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF GEORGIA 
VALDOSTA DIVISION

 

In Re Flowers Foods, Inc.

Securities Litigation

 

 

Case No. 7:16-CV-00222 (WLS)

 

CLASS ACTION

 

SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION, 
CERTIFICATION OF SETTLEMENT CLASS, AND
PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING;
AND (III) MOTION FOR AN AWARD OF ATTORNEYS' FEES
AND REIMBURSEMENT OF LITIGATION EXPENSES

TO:

All persons and entities who or which, during the period from February 7, 2013, through August 10, 2016, inclusive, purchased or otherwise acquired the common stock of Flowers Foods, Inc. ("Flowers Foods") and were damaged thereby (the "Settlement Class"):

PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Middle District of Georgia, that the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Settlement Class, except for certain persons and entities who are excluded from the Settlement Class by definition as set forth in the full printed Notice of (I) Pendency of Class Action, Certification of Settlement Class, and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice").

YOU ARE ALSO NOTIFIED that Plaintiffs in the Action have reached a proposed settlement of the Action for $21,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action. 

A hearing will be held on December 11, 2019, at 10:00 a.m., before the Honorable W. Louis Sands at the United States District Court for the Middle District of Georgia, United States Courthouse, 201 West Broad Avenue, Albany, GA 31701, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation and Agreement of Settlement dated July 12, 2019 (and in the Notice), should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund.  If you have not yet received the Notice and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at In re Flowers Foods, Inc. Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 173079, Milwaukee, WI 53217, (877) 227-6101.  Copies of the Notice and Claim Form can also be downloaded from and submitted through the website maintained by the Claims Administrator, www.FlowersSecuritiesLitigation.com.

If you are a member of the Settlement Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form online or postmarked no later than January 3, 2020.  If you are a Settlement Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.

If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is received no later than November 20, 2019, in accordance with the instructions set forth in the Notice.  If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement. 

Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and reimbursement of Litigation Expenses, must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than November 20, 2019, in accordance with the instructions set forth in the Notice.

Please do not contact the Court, the Clerk's office, Flowers Foods, or its counsel regarding this notice.  All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.

Inquiries, other than requests for the Notice and Claim Form, should be made to Lead Counsel:

GLANCY PRONGAY & MURRAY LLP
Ex Kano S. Sams II, Esq.
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(888) 773-9224
settlements@glancylaw.com

-OR-

JOHNSON FISTEL, LLP
Michael I. Fistel, Jr.
Murray House
40 Powder Springs Street
Marietta, GA 30064
(770) 200-3104
michaelf@johnsonfistel.com

Requests for the Notice and Claim Form should be made to:

In re Flowers Foods, Inc. Securities Litigation 
c/o A.B. Data, Ltd.
P.O. Box 173079
Milwaukee, WI 53217
(877) 227-6101
www.FlowersSecuritiesLitigation.com

Dated: August 7, 2019                                                           By Order of the Court 
                                                                                               United States District Court 
                                                                                               Middle District of Georgia

Source: Glancy Prongay & Murray LLP and Johnson Fistel, LLP

Cision

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