Notice of Proposed Settlement and Settlement Hearing
CINCINNATI, Aug. 24 /PRNewswire/ -- The following statement is being released by Strauss & Troy regarding the AtriCure, Inc. Securities Litigation proposed settlement.
TO: ALL PERSONS WHO PURCHASED SHARES OF ATRICURE INC. ("ATRICURE") COMMON STOCK DURING THE PERIOD BETWEEN MAY 10, 2007 AND OCTOBER 31, 2008, INCLUSIVE (THE "CLASS").
The AtriCure, Inc. Securities Litigation (the "Action") has been preliminarily certified for settlement purposes as a class action and a settlement for $2,750,000 has been proposed. A hearing will be held before the Honorable Michael R. Barrett in the United States District Court for Southern District of Ohio, Room 239, 100 East Fifth Street, Cincinnati, Ohio 45202, at 1:30 p.m., on October 7, 2010 to determine whether the proposed settlement and plan of allocation should be approved by the Court as fair, reasonable, and adequate; and consider the application of Plaintiffs' Lead Counsel for attorneys' fees and reimbursement of expenses.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY SETTLEMENT OF THE ACTION AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Settlement Fairness Hearing and a Proof of Claim form, you may obtain copies of these documents by contacting the Claims Administrator: In re AtriCure Inc. Securities Litigation, c/o The Garden City Group, Inc., Claims Administrator, P.O. Box 9349, Dublin, Ohio 43017-4249, 1-800-231-1815, www.gardencitygroup.com.
The Notice contains details about this Action and the proposed settlement, including what you must do to exclude yourself from the settlement, object to the terms of the settlement, or file a Proof of Claim. If you are a Class Member and do not submit a proper Proof of Claim, you will not share in the Settlement but you nevertheless will be bound by the Order and Final Judgment of the Court.
Further information may be obtained by contacting the Claims Administrator. Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to one of Plaintiffs' Lead Counsel: Richard S. Wayne, Esq., STRAUSS & TROY, The Federal Reserve Building, 150 E. Fourth Street, Cincinnati Ohio 45202, (513) 621-2120.
By Order of The Court
SOURCE Strauss & Troy