THE FAIRNESS HEARING FOR THIS CASE HAS BEEN RESCHEDULED TO SEPTEMBER 30, 2016. NOTE: YOU SHOULD ONLY FILE A PROOF OF CLAIM FORM IF YOU EITHER SOLD WYETH COMMON STOCK DURING THE PERIOD FROM JANUARY 14, 2008 THROUGH AND INCLUDING JULY 18, 2008, OR PURCHASED WYETH COMMON STOCK DURING THE PERIOD JULY 21, 2008 THROUGH AND INCLUDING JULY 29, 2008 AT 4:00 P.M. EDT.
A proposed Settlement in the amount of $10,000,000 in cash has been reached in the action captioned Birmingham Retirement and Relief System, et al. v. S.A.C. Capital Advisors, L.P. , et al., No. 13 Civ. 2459 (VM)(KNF). On behalf of all persons who a) sold Wyeth common stock during the period January 14, 2008 through and including July 18, 2008, or (b) purchased Wyeth common stock during the period July 21, 2008 through and including July 29, 2008 at 4:00 p.m. EDT, (class period).
A hearing will be held on September 30, 2016, at 2:30 p.m., before The Honorable John G. Koeltl, United States District Court for Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007, for the purpose of determining whether: (1) the proposed Settlement of the Action for $10,000,000 in cash should be approved by the Court as fair, reasonable, and adequate (2) the releases by the Class of the Released Wyeth Lead Plaintiffs’ Claims, as set forth in the Stipulation, should be provided to the SAC Capital Defendants’ Releasee(s); (3) this Action satisfies the applicable prerequisites for class action treatment under Rule 23 of the Federal Rules of Civil Procedure; (4) to award Lead Counsel attorneys’ fees and litigation expenses out of the Settlement Fund; (5) to grant the Wyeth Lead Plaintiffs’ requests for an incentive award, including reimbursement of their costs and expenses incurred, in connection with their role in prosecuting this action on behalf of the Class out of the Settlement Fund; and (6) the Plan of Allocation should be approved by the Court.
If you are a Class Member, in order to be eligible to receive a payment under the proposed Settlement, you must submit a valid proof of claim establishing membership in the settlement class and include all required documentation, postmarked on or before the extended deadline of September 12, 2016.
If you do nothing, you will get no money from this settlement. However, unless you exclude yourself, you will not be able to start a lawsuit, continue with a lawsuit, or be part of any other lawsuit against the SAC Capital Defendants’ Releasees about the same issues in this case.
To exclude yourself from the Class, you must send a letter by mail saying that you want to be excluded from the Class and do not wish to participate in the Settlement in the following Action: Birmingham Retirement and Relief System v. S.A.C. Capital Advisors, L.P., et al., Case No. 1:13-cv-02459 (VM)(KNF). Be sure to include your name, address, telephone number, and the date(s) and price(s) of securities that you acquired and/or sold that are subject to the Action. You must also include documents evidencing such acquisition(s) and/or sale(s) and your signature. Your exclusion request must be received no later than the extended deadline of August 24, 2016 and sent to the Claims Administrator at:
Wyeth SAC Capital Shareholders Litigation Settlement
c/o Heffler Claims Group
P.O. Box 58697
Philadelphia, PA 19102-8697
Please note that the address for Scott+Scott , Attorneys at Law, has changed. The new address is as follows:
Scott+Scott, Attorneys at Law, LLP
The Helmsley Building
230 Park Avenue, 17th Floor
New York, NY 10169
Phone: (212) 223-6444