LOS ANGELES, May 2, 2011 (GLOBE NEWSWIRE) -- The following statement is being issued by Glancy Binkow & Goldberg LLP regarding the Addus HomeCare Corporation Settlement.
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
STEVE CROTTEAU, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. ADDUS HOMECARE CORPORATION, MARK S. HEANEY, FRANCIS J. LEONARD, MARK L. FIRST, SIMON A. BACHLEDA, W. ANDREW WRIGHT, III, STEVEN I. GERINGER, ROBERT W. BAIRD & CO. INCORPORATED, OPPENHEIMER & CO. INC., and STEPHENS INC., Defendants. Civil Action No. 10 C 1937 (VMK)(JC), The Honorable Virginia M. Kendall
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED ADDUS HOMECARE CORPORATION COMMON STOCK BETWEEN OCTOBER 27, 2009 AND MARCH 18, 2010, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of Illinois, Eastern Division, that a hearing will be held on July 21, 2011, at 9:00 a.m., before The Honorable Virginia M. Kendall, at the Everett McKinley Dirksen United States Courthouse, 219 South Dearborn Street, Courtroom 2319, Chicago, IL 60604, for the purpose of determining (1) whether the proposed Settlement of the claims in the Litigation for the sum of $3.0 million in cash should be approved by the Court as fair, reasonable and adequate to Members of the Settlement Class; (2) whether to certify the Settlement Class; (3) whether, thereafter, this Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated March 21, 2011; (4) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate and therefore should be approved; and (5) whether the application of Plaintiffs' Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Litigation should be approved.
If you purchased or acquired Addus HomeCare Corporation common stock between October 27, 2009 and March 18, 2010, inclusive, your rights may be affected by this Settlement. If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Hearing (the "Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Addus HomeCare Corporation Securities Litigation, Claims Administrator, c/o The Garden City Group, Inc., PO Box 9349, Dublin, OH 43017-4249, or you can download a copy at . If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked no later than August 17, 2011, establishing that you are entitled to recovery.
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 Plaintiffs' Lead Counsel at the address listed below:
Peter A. Binkow, Esq., Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars #311, Los Angeles, California 90067, 1-888-773-9224, email@example.com, or go to the following website: .
DATED: May 2, 2011
CONTACT: Media Contact: Peter A. Binkow, Esq. Glancy Binkow & Goldberg LLP 888-773-9224