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 proposed settlement of this Action for $74,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

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, unless you timely request to be excluded. 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 request 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 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.

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.
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN JUNE 27, 2017. If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund.  This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs' Claims. 
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JUNE 27, 2017. If you do not like the proposed Settlement, the proposed Plan of Allocation or the request for attorneys' fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them.  You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class. 
GO TO A HEARING ON JULY 18, 2017 AT 11:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JUNE 27, 2017. Filing a written objection and notice of intention to appear by June 27, 2017 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation and/or the request for attorneys' fees and reimbursement of Litigation Expenses.  If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
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