Shepherd, Finkelman, Miller & Shah, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Common Stock of...
October 31 2016 - 8:00AM
Shepherd, Finkelman, Miller, & Shah, LLP announces that the
United States District Court for the District of Colorado has
approved the following announcement of a proposed class action
settlement that would benefit purchasers of common stock of
Advanced Emissions Solutions, Inc. (NASDAQ:ADES):
SUMMARY NOTICE OF PENDENCY OF CLASS
ACTION AND PROPOSED SETTLEMENT
TO: ALL PERSONS AND ENTITIES THAT
PURCHASED OR ACQUIRED COMMON STOCK OF ADVANCED EMISSIONS SOLUTIONS,
INC. (“ADES” OR THE “COMPANY”) (TICKER SYMBOL: ADES) BETWEEN MAY
12, 2011, AND JANUARY 29, 2015, BOTH DATES INCLUSIVE (THE “CLASS
PERIOD”).
PLEASE READ THIS NOTICE CAREFULLY. YOUR
RIGHTS MAY BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS
COURT.
YOU ARE HEREBY NOTIFIED that a proposed
Settlement has been reached in this Action.[1] A hearing will
be held with respect to the Settlement on February 10, 2017, at
9:00 A.M. before the Honorable Christine M. Arguello in the United
States District Court for the District of Colorado, Alfred A. Arraj
United States Courthouse, 901 19th Street, Courtroom A602, Denver,
CO 80294.
The purpose of the hearing is to determine,
among other things, whether the proposed Settlement of the
securities class action claims asserted in this Action, pursuant to
which ADES, on behalf of all Defendants, will cause to be deposited
into a Settlement Fund the sum of three million, nine hundred-fifty
thousand dollars ($3,950,000) in exchange for the dismissal of the
Action with prejudice and a release of claims against the
Defendants and other Released Parties, should be approved by the
Court as fair, reasonable, adequate and in the best interests of
the Class. If you purchased or otherwise acquired ADES common stock
(ticker symbol: ADES) during the Class Period, you may be entitled
to share in the distribution of the Settlement Fund if you submit a
Proof of Claim Form no later than February 10, 2017 to the Claims
Administrator, and if the information and documentation you provide
in that Proof of Claim Form establishes that you are entitled to a
recovery.
This Summary Notice provides only a summary of
matters regarding the Action and the Settlement. A detailed Notice
of Pendency of Class Action and Proposed Settlement (the “Notice”)
describing the Action, the proposed Settlement, and the rights of
Class Members to appear in Court at the Final Approval Hearing, to
request to be excluded from the Class, and/or to object to the
Settlement, the Plan of Allocation and/or the request by Lead
Counsel for an award of attorneys’ fees and reimbursement of
Litigation Expenses, has been mailed to persons or entities known
to be potential Class Members. You may obtain a copy of that
Notice, a Proof of Claim Form, or other information at
www.strategicclaims.net/ADES, or by writing to the Claims
Administrator at the following address or calling the following
telephone number:
ADES Securities
Settlementc/o Strategic Claims
ServicesP.O. Box 230600 N.
Jackson St., Suite 3Media, PA
19063Toll-Free: (866)
274-4004Fax: (610)
565-7985info@strategicclaims.net
If you are a Class Member, you have the right to
object to the Settlement, the Plan of Allocation and/or the request
by Lead Counsel for an award of attorneys’ fees and Litigation
Expenses, or otherwise request to be heard, by submitting a written
objection in accordance with the procedures described in the
Notice. The objection must be filed and served so that it is
received no later than January 20, 2017. You also have the right to
exclude yourself from the Class by submitting a written request for
exclusion from the Class in accordance with the procedures
described in the Notice. The request for exclusion must be received
no later than January 20, 2017. If the Settlement is approved by
the Court, you will be bound by the Settlement and the Court’s
Judgment, including the releases provided for in the Settlement and
Judgment, unless you submit a request to be excluded.
PLEASE DO NOT CONTACT THE COURT OR THE
CLERK’S OFFICE REGARDING THIS NOTICE. Inquiries, other
than requests for the detailed Notice referenced above and a Proof
of Claim Form, may be made to Lead Counsel for the Lead
Plaintiff:
DATED: OCTOBER 13,
2016
BY ORDER OF
THE U.S. DISTRICT COURTFOR THE DISTRICT OF
COLORADO
[1] This Summary Notice incorporates by reference the
definitions in the Stipulation and Agreement of Settlement, dated
June 30, 2016 (the “Settlement”), and all capitalized terms used,
but not defined herein, shall have the same meanings as in the
Settlement. A copy of the Settlement can be obtained at
www.strategicclaims.net/ADES.
SHEPHERD, FINKELMAN, MILLER & SHAH, LLP
James E. Miller
Laurie Rubinow
65 Main Street
Chester, CT 06412
Toll-Free: (866) 540-5505
Telephone: (860) 526-1100
Facsimile: (866) 300-7367
Email: jmiller@sfmslaw.com
Email: lrubinow@sfmslaw.com
Nathan Zipperian
1625 N. Commerce Pkwy., Suite 320
Ft. Lauderdale, FL 33326
Telephone: (954) 515-0123
Facsimile: (866) 300-7367
Email: nzipperian@sfmslaw.com
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