updated 1/10/2011 9:17:40 AM ET 2011-01-10T14:17:40

CAMDEN, N.J., Jan. 10, 2011 (GLOBE NEWSWIRE) -- Reed Smith LLP today announces that the United States District Court for the District of New Jersey Camden Vicinage has approved the following announcement of a class action settlement that would benefit purchasers of securities of Jasmine, LTD. (JSMN):

TO:      ALL PERSONS WHO PURCHASED JASMINE, LTD. ("JASMINE") SECURITIES DURING THE PERIOD FROM DECEMBER 15, 1993 THROUGH AND INCLUDING JUNE 20, 1995.

YOU ARE HERBY NOTIFIED, that a class has been certified in this litigation by the United States District Court for the District of New Jersey and that a settlement in the amount of $650,000 has been reached for the benefit of this Class among the Class Representative and one of the Defendants, Fishbein & Company, P.C. ("Fishbein"). 

If you purchased Jasmine common stock between December 15, 1993 and June 20, 1995 inclusive, you are eligible to participate in this settlement. If you want to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim postmarked no later thanApril 21, 2011, establishing that you are entitled to recovery. Please submit a Proof of Claim to:

Jasmine LTD Securities Litigation
c/o Strategic Claims Services 
600 North Jackson Street, Suite 3 
Media, Pennsylvania 19063
Tel: (866) 274-4004
Fax: (610) 565-7985

Any questions you have about the matter in this notice should not be directed to the Court, but may be directed in writing to:

John Moynihan, Esq.
Reed Smith LLP
Class Counsel
10 South Wacker Drive, 40th Floor
Chicago, Illinois 60606

PLEASE DO NOT DIRECT ANY QUESTIONS TO THE COURT OR THE CLERK'S OFFICE.

Clerk of the Court
United States District Court
District of New Jersey
CONTACT: Strategic Claims Services
         (610) 565-9202
         Fax: (610) 565-7985
         600 N. Jackson Street, Suite 3
         Media, PA 19063

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.79%
$30K home equity loan FICO 5.78%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com