Bernstein Litowitz Berger & Grossmann LLP:
UNITED STATES DISTRICT COURT EASTERN
DISTRICT OF MISSOURI EASTERN DIVISION
ISRAEL SANCHEZ, Individually and On Behalf
of All Others Similarly Situated,
Case No. 4:17-cv-00806-AGF
Plaintiff,
v.
CENTENE CORP., MICHAEL F. NEIDORFF,
and JEFFREY A. SCHWANEKE,
Defendants.
SUMMARY NOTICE OF (I) PENDENCY OF CLASS
ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING;
AND (III) MOTION FOR ATTORNEYS’ FEES AND LITIGATION
EXPENSES
This notice is for all persons and entities who purchased the
common stock of Centene Corporation (“Centene”) during the period
from May 24, 2016 through July 25, 2016, inclusive, and who were
damaged thereby (the “Settlement Class”).
Certain persons and entities are excluded from the Settlement
Class by definition as set forth in the full Notice of (I) Pendency
of Class Action and Proposed Settlement; (II) Settlement Fairness
Hearing; and (III) Motion for Attorneys’ Fees and Litigation
Expenses (the “Notice”), available at
www.CenteneSecuritiesLitigation.com.
PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS MAY 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 Eastern District of Missouri (the “Court”), that the
above-captioned litigation (the “Action”) is pending in the
Court.
YOU ARE ALSO NOTIFIED that Lead Plaintiff in the Action has
reached a proposed settlement of the Action for $7,500,000 in cash
(the “Settlement”), that, if approved, will resolve all claims in
the Action.
A hearing will be held on October 26, 2020 at 10:00 a.m.,
before the Honorable Audrey G. Fleissig at the United States
District Court for the Eastern District of Missouri, Courtroom 12
South, Thomas F. Eagleton U.S. Courthouse, 111 South 10th Street,
St. Louis, MO 63102, to determine whether: (i) the proposed
Settlement should be approved as fair, reasonable, and adequate;
(ii) for purposes of the proposed Settlement only, the Action
should be certified as a class action on behalf of the Settlement
Class, Lead Plaintiff should be certified as Class Representative
for the Settlement Class, and Lead Counsel should be appointed as
Class Counsel for the Settlement Class; (iii) the Action should be
dismissed with prejudice against Defendants, and the Releases
specified and described in the Stipulation and Agreement of
Settlement dated March 5, 2020 (and in the Notice) should be
granted; (iv) the proposed Plan of Allocation should be approved as
fair and reasonable; and (v) Lead Counsel’s application for an
award of attorneys’ fees and 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 a payment from the Settlement. If you have not
yet received the Notice and Claim Form, you may obtain copies of
these documents by contacting the Claims Administrator at Centene
Securities Litigation, c/o JND Legal Administration, P.O. Box
91364, Seattle, WA 98111; 888-964-0670; or
info@CenteneSecuritiesLitigation.com. Copies of the Stipulation of
Settlement, Notice and Claim Form can also be downloaded from the
Settlement website, www.CenteneSecuritiesLitigation.com.
If you are a member of the Settlement Class, in order to be
eligible to receive a payment from the Settlement, you must submit
a Claim Form postmarked no later than October 13, 2020. If
you are a Settlement Class Member and do not submit a proper Claim
Form, you will not be eligible to receive a payment from the
Settlement but you will nevertheless be bound by any judgments or
orders entered by the Court in the Action (including the releases
provided therein).
If you are a member of the Settlement Class and do not exclude
yourself from the Settlement Class, you will be bound by any
judgments or orders entered by the Court in the Action (including
the releases provided therein). 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 October 5, 2020, 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 receive a payment from the Settlement.
Any objections to the proposed Settlement, the proposed Plan of
Allocation, or Lead Counsel’s motion for attorneys’ fees and
litigation expenses, must be filed with the Court and delivered to
Lead Counsel and Defendants’ Counsel such that they are received
no later than October 5, 2020, in accordance with the
instructions set forth in the Notice.
Please do not contact the Court, the Clerk’s office,
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 the Claims
Administrator or Lead Counsel.
Requests for the Notice and Claim Form should be made to:
Centene Securities Litigation c/o JND Legal
Administration P.O. Box 91364 Seattle, WA 98111 888-964-0670
www.CenteneSecuritiesLitigation.com
Inquiries, other than requests for the Notice and Claim Form,
should be made to Lead Counsel:
BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP
Jonathan D. Uslaner, Esq. 2121 Avenue of the Stars, Suite 2575 Los
Angeles, CA 90067 800-380-8496 settlements@blbglaw.com
BY ORDER OF THE COURT UNITED STATES DISTRICT COURT EASTERN
DISTRICT OF MISSOURI
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200727005001/en/
Bernstein Litowitz Berger & Grossmann LLP Jonathan D.
Uslaner, Esq. 800-380-8496 settlements@blbglaw.com
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