Sep. 14, 2009 (PR Newswire) --
NEW YORK, Sept. 14 /PRNewswire/ -- Labaton Sucharow LLP and Barroway Topaz Kessler Meltzer & Check, LLP are issuing the following statement regarding the Amkor Technology, Inc. Securities Litigation.
UNITED STATES DISTRICT COURT
DISTRICT OF ARIZONA
In re: )
AMKOR TECHNOLOGY INC. ) Civil Action No.: 07-CV-278
SECURITIES LITIGATION ) Hon. Paul Rosenblatt
)
This Document Relates To: )
All Actions )
SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT
OF CLASS ACTION AND SETTLEMENT FAIRNESS HEARING
TO: all persons AND ENTITIES who purchased THE COMMON STOCK OF AMKOR TECHNOLOGY, INC. FROM JULY 26, 2001 TO JULY 26, 2006, INCLUSIVE (THE "CLASS").
YOU ARE HEREBY NOTIFIED that the above-captioned action has been certified as a class action and that a settlement for Eleven Million Two Hundred and Fifty Thousand Dollars ($11,250,000) has been proposed. A hearing will be held before the Honorable Paul G. Rosenblatt in the United States District Court for the District of Arizona, Sandra Day O'Connor U.S. Courthouse, 401 West Washington Street, Phoenix, AZ 85003-2156, Courtroom 601, at 9:30 a.m., on November 18, 2009 to determine whether: (1) the proposed settlement should be approved by the Court as fair, reasonable and adequate; (2) the Plan of Allocation should be approved; (3) Co-Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved; and (4) the claims against Defendants should be dismissed with prejudice.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED 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 Expenses and Settlement Fairness Hearing (the "Notice") and Proof of Claim and Release form ("Proof of Claim"), you may obtain copies of these documents by contacting:
In re Amkor Technology, Inc. Securities Litigation
c/o The Garden City Group, Inc.
Claims Administrator
P.O. Box 9355
Dublin, OH 43017-4255
(800) 260-5032
Inquiries, other than requests for the forms of the Notice and Proof of Claim, may be made to Co-Lead Counsel:
Ira A. Schochet, Esq. David Kessler, Esq.
Christopher J. Keller, Esq. Benjamin J. Hinerfeld, Esq.
Stephen W. Tountas, Esq. Jennifer L. Enck, Esq.
Labaton Sucharow LLP Barroway Topaz Kessler Meltzer & Check, LLP
140 Broadway 280 King of Prussia Road
New York, NY 10005 Radnor, PA 19087
To participate in the Settlement, you must submit a Proof of Claim postmarked no later than January 8, 2010. If you are a member of the Class and do not submit a valid Proof of Claim, you will not share in the settlement but you nevertheless will be bound by the Final Order and Judgment entered by the Court in this litigation. As more fully described in the Notice, the deadline for submitting objections and requests for exclusion is October 29, 2009.
Further information may also be obtained by directing your inquiry in writing to the Claims Administrator, The Garden City Group, Inc., at the address listed above.
By Order of the Court
SOURCE Labaton Sucharow LLP and Barroway Topaz Kessler Meltzer & Check, LLP
