Dole Securities Litigation
1:15-cv-01140-SLR

 

 

Welcome to the Dole Securities Class Action Settlement Website

SAN ANTONIO FIRE AND POLICE PENSION FUND, et al., Plaintiffs,
v.
DOLE FOOD COMPANY, INC., et al., Defendants.

 

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, Proxima Capital Master Fund Ltd., San Antonio Fire and Police Pension Fund, Fire and Police Health Care Fund, San Antonio and The Arbitrage Fund (collectively, “Lead Plaintiffs”), on behalf of themselves and the Settlement Class, have reached a settlement of this Action for $74,000,000 in cash, resolving all claims in the Action (the “Settlement”). Following a hearing on July 18, 2017, the Court approved the Settlement, the proposed Plan of Allocation for the proceeds of the Settlement, and Lead Counsel's motion for attorneys' fees and reimbursement of expenses. 

If you are a member of the Settlement Class, your rights will be affected whether you take any action or not and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

all persons and entities who sold the common stock of Dole Food Company, Inc. (“Dole”) (i) during the period from January 2, 2013 through October 31, 2013, inclusive, or (ii) on November 1, 2013 where those shares were sold on the open market and were not held as of the closing of the Take-Private Transaction on that date, and who were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 26 of the Notice) or who requested exclusion pursuant to the instructions set forth in 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 top of this page.

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than August 9, 2017. Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.

YOUR LEGAL RIGHTS AND OPTIONS

SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN AUGUST 9, 2017. This is the only way to be eligible to receive a payment from the Settlement Fund.  If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs' Claims that you have against Defendants and the other Defendants' Releasees, so it is in your interest to submit a Claim Form.
DO NOTHING. If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund.  You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.

 

For More Information

Visit this website often to get the most up-to-date information.

Mail

San Antonio Fire & Police Pension Fund v. Dole Food Company, Inc.
c/o JND Class Action Administration
P.O. Box 6428
Broomfield, CO 80021