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RMG Networks Holding Corporation (RMGN)

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  • GlobeNewswire

    Rigrodsky & Long, P.A. and The Rosen Law Firm P.A. Announce Proposed Class Action Settlement on Behalf of Holders of Shares of RMG Networks Holding Corporation -- RMGN

    Rigrodsky & Long, P.A. and The Rosen Law Firm P.A. announce that in the Court of Chancery of the State of Delaware has approved the following announcement of a proposed class action settlement that would benefit holders of Shares of RMG Networks Holding Corporation. YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Court of Chancery of the State of Delaware, that a hearing will be held on July 10, 2020, at 11:00 a.m. in the Leonard L. Williams Justice Center, 500 North King Street, Wilmington, DE 19801 to: (1) consider the proposed Settlement of $1,500,000; (2) determine whether the Settlement Class should be conditionally certified for settlement purposes only with Plaintiff as Settlement Class representative; (3) determine whether Plaintiff and Class Counsel have adequately represented the interests of the Class in the Action; (4) determine whether the Stipulation and Agreement of Compromise and Settlement (“Stipulation”), and the terms and conditions of the Settlement proposed in the Stipulation, are fair, reasonable, and adequate to the Settlement Class Members and should be approved by the Court; (5) determine that the requirements of the Delaware Court of Chancery Rules and due process have been satisfied in connection with the notice; (6) determine whether the Order and Final Judgment should be entered dismissing the Action and Released Claims with prejudice as against Plaintiff and the Settlement Class, without costs except as in the Stipulation provided, releasing and discharging with respect to Plaintiff and all Settlement Class Members, the Released Claims against the Released Parties, and permanently barring and enjoining prosecution of any and all Released Claims in any forum; (7) hear and rule on any objections to the Settlement; (8) consider and rule on the Fee Application, and any objections thereto; and (9) rule on other such matters as the Court may deem appropriate.