Amendment to the Settlement: On October 30, 2013, the Court entered the Order Granting Preliminary Approval to First Amendment to Stipulation of Settlement and Directing Dissemination of Supplemental Notice to Settlement Class. This means that the proposed settlement has been modified in certain respects (the “Amendment”). For more information on the Amendment please view the Supplemental Notice.
If you purchased or acquired the publicly traded common stock of Lender Processing Services, Inc. (“LPS”) during the period from August 6, 2008 to and through October 4, 2010, inclusive (the “Class Period”), and were damaged thereby, you may be entitled to a payment from a class action settlement.
The purpose of this website is to inform you of (a) the pendency of this class action (the “Action”), (b) the proposed settlement of the Action, as amended, and (c) the hearing to be held by the Court to consider (i) whether the settlement, as amended, should be approved, (ii) the application of lead plaintiff’s counsel for attorneys’ fees and expenses, and (iii) certain other matters (the “Settlement Hearing”). The Notice and the Supplemental Notice describe important rights you may have and what steps you must take if you wish to participate in the settlement.
If approved by the Court, the settlement, as amended, will provide at least a $13.1 million cash settlement fund for the benefit of eligible investors (the “Settlement”).1
The Settlement resolves claims by Baltimore County Employees’ Retirement System (“Lead Plaintiff”) that the Defendants misled investors about the financial condition of LPS, avoids the costs and risks of continuing the litigation, pays money to investors like you, and releases the Defendants from liability.
If you are a member of the Settlement Class, your legal rights are affected whether you act or do not act.
The Court will review the Settlement and the Amendment at the Settlement Hearing on February 21, 2014.
|Your Legal Rights and Options in this Settlement:|
|SUBMIT A CLAIM FORM BY JANUARY 21, 2014||The only way to get a payment.|
|EXCLUDE YOURSELF BY OCTOBER 4, 2013||Get no payment. This is the only option that allows you to ever bring or be part of any other lawsuit about the Plaintiffs’ Released Claims against the Defendants and the other Released Defendant Parties.|
|OBJECT BY JANUARY 31, 2014||Write to the Court about why you do not like the Settlement, the Amendment, the proposed Plan of Allocation and/or the request for attorneys’ fees and expenses. You will still be a member of the Settlement Class.|
|GO TO A HEARING ON FEBRUARY 21, 2014||Ask to speak in Court about the Settlement at the Settlement Hearing.|
|DO NOTHING||Get no payment. Give up rights.|
1 All capitalized terms used are defined in the original Stipulation and Agreement of Settlement (the “Stipulation”), dated as of January 28, 2013, or the First Amendment of Stipulation and Agreement of Settlement, dated as of October 22, 2013.