SAN DIEGO, Jan. 23, 2017 /PRNewswire/ -- The following
statement is being issued by Bernstein Litowitz Berger &
Grossmann LLP regarding the EZCORP, Inc. Securities Class Action
Settlement.
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF
NEW YORK
In re: EZCORP, INC. SECURITIES LITIGATION, This document applies
to: ALL CASES, No. 14-cv-6834-ALC-AJP, Hon. Andrew L. Carter, Jr., 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, during the period between
April 19, 2012, and
October 6, 2014, inclusive ("the Settlement Class
Period"), purchased or otherwise acquired Class A common
stock issued by EZCORP, Inc. ("EZCORP"), and were damaged thereby
(the "Settlement Class"); and
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 Southern District of New
York, that the above-captioned litigation (the "Action") has
been certified for settlement purposes 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 Lead Plaintiff in the Action has
reached a proposed settlement of the Action for $5.9 million in cash (the "Settlement"), that, if
approved, will resolve all claims in the Action.
A hearing will be held on April 25,
2017, at 10:00 a.m., before
the Honorable Andrew L. Carter, Jr., at the United States District
Court, Southern District of New
York, Thurgood Marshall United States Courthouse, Courtroom
1306, 40 Foley Square, New York,
NY 10007, 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 the
Defendants, and the Releases specified and described in the
Stipulation and Agreement of Settlement (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
Litigation 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 EZCORP
Securities Litigation, c/o GCG, P.O. Box 10354, Dublin, OH 43017-5554, or toll-free at (888)
320-8169. Copies of the Notice and Claim Form can also be
downloaded from the website maintained by the Claims Administrator,
at www.EZCORPSecuritiesSettlement.com.
If you are a member of the Settlement Class, in order to be
potentially eligible to receive a payment under the proposed
Settlement, you must submit a Claim Form postmarked no later
than May 19, 2017. If you are a
member of the Settlement Class 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
April 4, 2017, 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 EZCORP's counsel such that they
are received no later than April 4,
2017, in accordance with the instructions set forth in the
Notice.
Please do not contact the Defendants or their 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 regarding the Settlement Class, other than requests
for the Notice and Claim Form, should be made to Lead Counsel:
Bernstein Litowitz Berger & Grossmann LLP
Timothy A. DeLange, Esq.
Niki L. Mendoza, Esq.
12481 High Bluff Drive, Suite 300
San Diego, CA 92130
(866) 648-2524
blbg@blbglaw.com
Requests for the Notice and Claim Form should be made to:
EZCORP Securities Litigation
c/o GCG
P.O. Box 10354
Dublin, OH 43017-5554
(888) 320-8169
www.EZCORPSecuritiesSettlement.com
By Order of the Court
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SOURCE Bernstein Litowitz Berger & Grossmann LLP