The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
Court-appointed Lead Plaintiffs, the Arkansas Teacher Retirement System, Macomb County Employees Retirement System, and Laborers’ District Council and Contractors’ Pension Fund of Ohio, on behalf of themselves and the Class, have reached a proposed settlement of the Action for $30,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).
If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement, unless you timely request to be excluded. The Class consists of:
all persons and entities who purchased or otherwise acquired DFC Global Corp. common stock during the period from January 28, 2011 through February 3, 2014, inclusive (the “Class Period”), and were damaged thereby, except for certain persons and entities who are excluded from the Class by definition (see paragraph 27 of the Notice or who request exclusion pursuant to the instructions set forth in the Notice (see paragraphs 71 to 74 of the Notice).
Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found on the menu at the left of this page.
Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
September 4, 2017
Claim Filing Deadline. Claim Form must be postmarked no later than September 4, 2017 to be eligible for a payment from the Settlement.
June 16, 2017
Exclusion Deadline. To exclude yourself from the Class, you must submit a written request for exclusion so that it is received no later than June 16, 2017,
in accordance with the instructions in the Notice.
June 16, 2017
Objection Deadline. Any objections to the proposed Settlement, the proposed Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of expenses, must be received no later than June 16, 2017, in accordance with the instructions in the Notice.
September 19, 2017 at 9:30 a.m.
The Settlement Hearing. The Settlement Hearing will be held on September 19, 2017 at 9:30 a.m., before the Honorable Berle M. Schiller at the United States District Court for the Eastern District of Pennsylvania, James A. Byrne U.S. Courthouse, 601 Market Street, Philadelphia, PA 19106. The Court reserves the right to approve the Settlement, the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and reimbursement of Litigation Expenses and/or any other matter related to the Settlement at or after the Settlement Hearing without further notice to the members of the Class.