Update on the Distribution of Net Settlement Funds
The Court has approved the distribution of the net settlement funds to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following date/s:
October 26, 2018
December 15, 2020
If you submitted a Claim in this case and have any questions related to that Claim, please contact the Claims Administrator whose contact information is listed here below:
Welcome to the Dole Securities Class Action Settlement Website
SAN ANTONIO FIRE AND POLICE PENSION FUND, et al., Plaintiffs,
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.