Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Sunrun Inc. -- RUN
December 10 2018 - 8:00AM
Pomerantz LLP announces that the United States District Court
Northern District of California San Francisco Division has approved
the following announcement of a proposed class action settlement
that would benefit purchasers of securities of Sunrun Inc.
(NASDAQ:RUN):
SUMMARY NOTICE
TO: |
ALL PERSONS AND ENTITIES
WHO PURCHASED OR OTHERWISE ACQUIRED SUNRUN INC. (“SUNRUN”)
SECURITIES BETWEEN SEPTEMBER 16, 2015 AND MAY 21, 2017,
INCLUSIVE |
YOU ARE HEREBY NOTIFIED, pursuant to an Order of
the United States District Court for the Northern District of
California, that a hearing will be held on February 28, 2019, at
10:00 a.m., before the Honorable Vince Chhabria, United States
District Judge, at the United States District Court for the
Northern District of California, San Francisco Courthouse,
Courtroom 4 – 17th Floor, 450 Golden Gate Avenue, San Francisco,
California 94102, for the purpose of determining: (1) whether
the proposed settlement as set forth in the Stipulation of
Settlement, dated September 27, 2018 (“Stipulation”) of the
above-captioned action (“Litigation”) for $2,500,000.00 in cash
should be approved by the Court as fair, just, reasonable, and
adequate; (2) whether a Final Judgment and Order of Dismissal
with Prejudice should be entered by the Court dismissing the
Litigation with prejudice; (3) whether the Plan of Allocation
is fair, reasonable, and adequate, and should be approved; and
(4) whether the application of Lead Counsel for the payment of
attorneys’ fees and expenses and Lead Plaintiffs’ expenses in
connection with this Litigation should be approved.
IF YOU PURCHASED OR ACQUIRED SUNRUN SECURITIES
BETWEEN SEPTEMBER 16, 2015 AND MAY 21, 2017, INCLUSIVE, YOUR RIGHTS
MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION. If you have
not received a detailed Notice of Pendency and Proposed Settlement
of Class Action (“Notice”) and a copy of the Proof of Claim and
Release form (“Proof of Claim and Release”), you may obtain copies
by writing to the Claims Administrator at Sunrun Inc. Securities
Litigation, c/o Strategic Claims Services, 600 N. Jackson Street,
Suite 205, P.O. Box 230, Media, PA 19063; Tel: (866) 274-4004; Fax:
(610) 565-7985; info@strategicclaims.net, or on the internet at
www.sunrunsecuritiesclassaction.com.
If you are a Class Member, in order to share in
the distribution of the Net Settlement Fund, you must submit a
Proof of Claim and Release by mail to the Claims Administrator’s
address above postmarked no later than March 4,
2019 or submitted electronically to the Claims
Administrator no later than March 4, 2019,
establishing that you are entitled to recovery. Failure to submit
your Proof of Claim and Release by March 4, 2019 will subject your
claim to possible rejection and may preclude you from receiving any
of the recovery in connection with the settlement of this
Litigation. If you are a Member of the Class and do not request
exclusion, you will be bound by the settlement and any judgment and
release entered in the Litigation, including, but not limited to,
the Judgment, whether or not you submit a Proof of Claim and
Release.
To exclude yourself from the Class, you must
submit a written request for exclusion in accordance with the
instructions set forth in the Notice such that it is
received no later than February 7, 2019. All
Members of the Class who have not requested exclusion from the
Class will be bound by the settlement entered in the Litigation
even if they do not submit a timely Proof of Claim and Release.
Any objection to the settlement, the Plan of
Allocation of settlement proceeds, or the fee and expense
application must be submitted to the Court in accordance with the
instructions set forth in the Notice so that is
received no later than February 7, 2019.
If you object, but also want to be eligible for a payment from the
settlement, you must still submit a Proof of Claim and Release or
you will not receive a payment from the settlement.
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 Lead Counsel at
the following address:
Jeremy A. LiebermanPOMERANTZ LLP 600 Third Avenue,
20th FloorNew York, New York 10016
DATED: NOVEMBER 20,
2018 |
BY ORDER OF THE
COURTUNITED STATES DISTRICT COURTNORTHERN DISTRICT OF CALIFORNIASAN
FRANCISCO DIVISION |
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