The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of the Securities of Misonix, Inc. – MSON
CENTRAL ISLIP, N.Y., Sept. 18, 2017 (GLOBE NEWSWIRE) — The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of the securities of Misonix, Inc. (NASDAQ:MSON):
SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED THE SECURITIES OF MISONIX, INC. ON THE NASDAQ FROM NOVEMBER 5, 2015 THROUGH SEPTEMBER 14, 2016, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Eastern District of New York, that a hearing will be held on December 15, 2017, at 9:00 a.m. before the Honorable Arthur D. Spatt, United States District Judge of the Eastern District of New York, Long Island Courthouse, 100 Federal Plaza, Central Islip, NY 11722, Courtroom 1020, for the purpose of determining: (1) whether the proposed settlement of the claims in the above-captioned Action for consideration including the sum of $500,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Class Counsel for an award of attorneys’ fees of up to one-third of the Settlement Amount, reimbursement of expenses of not more than $25,000, and an incentive payment of no more than $3,000 to each of the Class Representatives, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement dated June 23, 2017 (the “Settlement Stipulation”).
If you purchased the securities of Misonix, Inc. (“Misonix”) on the NASDAQ during the period from November 5, 2015 through September 14, 2016, both dates inclusive (the “Settlement Class Period”), your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in Misonix securities. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release Form, you may obtain copies by writing to or calling the Claims Administrator: Misonix, Inc. Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 3, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985; firstname.lastname@example.org, or going to the website, www.strategicclaims.net, where you can also obtain a copy of the Settlement Stipulation. If you are a member of the Settlement Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form postmarked no later than November 2, 2017 to the Claims Administrator, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Action whether or not you make a claim.
Any objection to the Settlement, Plan of Allocation, or Class Counsel’s request for an award of attorneys’ fees and reimbursement of expenses and award to Class Representatives must be in the manner and form explained in the detailed Notice and received no later than December 1, 2017, to the following:
Laurence M. Rosen, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
If you have any questions about the Settlement, you may call or write to the Claims Administrator or Class Counsel at the addresses provided above.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
/EIN News/ — Dated: September 7, 2017
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE EASTERN
DISTRICT OF NEW YORK
Laurence M. Rosen, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Telephone: (212) 686-1060 Email: email@example.com