SAN FRANCISCO, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that the United States District Court Northern District of California San Francisco Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Sunrun Inc. (RUN):
|TO:||ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED SUNRUN INC. (“SUNRUN”) SECURITIES BETWEEN SEPTEMBER 16, 2015 AND MAY 21, 2017, INCLUSIVE|
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of California, that a hearing will be held on February 28, 2019, at 10:00 a.m., before the Honorable Vince Chhabria, United States District Judge, at the United States District Court for the Northern District of California, San Francisco Courthouse, Courtroom 4 – 17th Floor, 450 Golden Gate Avenue, San Francisco, California 94102, for the purpose of determining: (1) whether the proposed settlement as set forth in the Stipulation of Settlement, dated September 27, 2018 (“Stipulation”) of the above-captioned action (“Litigation”) for $2,500,000.00 in cash should be approved by the Court as fair, just, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Litigation with prejudice; (3) whether the Plan of Allocation is fair, reasonable, and adequate, and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys’ fees and expenses and Lead Plaintiffs’ expenses in connection with this Litigation should be approved.
IF YOU PURCHASED OR ACQUIRED SUNRUN SECURITIES BETWEEN SEPTEMBER 16, 2015 AND MAY 21, 2017, INCLUSIVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release form (“Proof of Claim and Release”), you may obtain copies by writing to the Claims Administrator at Sunrun Inc. Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson Street, Suite 205, P.O. Box 230, Media, PA 19063; Tel: (866) 274-4004; Fax: (610) 565-7985; firstname.lastname@example.org, or on the internet at www.sunrunsecuritiesclassaction.com.
If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail to the Claims Administrator’s address above postmarked no later than March 4, 2019 or submitted electronically to the Claims Administrator no later than March 4, 2019, establishing that you are entitled to recovery. Failure to submit your Proof of Claim and Release by March 4, 2019 will subject your claim to possible rejection and may preclude you from receiving any of the recovery in connection with the settlement of this Litigation. If you are a Member of the Class and do not request exclusion, you will be bound by the settlement and any judgment and release entered in the Litigation, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim and Release.
To exclude yourself from the Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Notice such that it is received no later than February 7, 2019. All Members of the Class who have not requested exclusion from the Class will be bound by the settlement entered in the Litigation even if they do not submit a timely Proof of Claim and Release.
Any objection to the settlement, the Plan of Allocation of settlement proceeds, or the fee and expense application must be submitted to the Court in accordance with the instructions set forth in the Notice so that is received no later than February 7, 2019. If you object, but also want to be eligible for a payment from the settlement, you must still submit a Proof of Claim and Release or you will not receive a payment from the settlement.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. If you have any questions about the settlement, you may contact Lead Counsel at the following address:
Jeremy A. Lieberman
600 Third Avenue, 20th Floor
New York, New York 10016
|DATED: NOVEMBER 20, 2018||BY ORDER OF THE COURT |
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION