NEW YORK, July 12, 2021 / PRNewswire / –
UNITED STATES COURT OF JUSTICE
SOUTHERN DISTRICT OF NEW YORK
IN RE GREENSKY SECURITIES PROCEEDINGS
Case No. 18-cv-11071 (AKH)
SUMMARY NOTIFICATION OF THE SELLING PROPOSAL
TO: ALL PERSONS AND COMPANIES WHO COMMON SHARES IN GREENSKY, INC. ACCORDING TO AND / OR TRACEABLE TO THE REGISTRATION DECLARATION AND PROSPECTUS, PURCHASED THE FIRST PUBLIC OFFER IN CONNECTION WITH THE GREENSKY ON MAY 25, 2018
YOU ARE HEREBY INFORMING that a proposed settlement has been reached in this promotion. A settlement hearing will take place on October 19, 2021 at 10:00 a.m. in front of Mr. Alvin K. Hellerstein before the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse. 500 Pearl St., Courtroom 14D, New York, New York 10007.1
The purpose of the hearing is to determine whether the proposed settlement of the securities class action claims asserted in this lawsuit will cause GreenSky to deposit an amount of twenty-seven million US $ five hundred thousand into a settlement fund ($ 27,500,000.00) in return for dismissing the lawsuit unconditionally and for the release of claims against the defendants and the released defendants, should be approved by the court as fair, reasonable and reasonable and in the best interests of the group. If you have acquired and / or are traceable to GreenSky Class A Common Shares in accordance with the Offering Documents, you may be eligible to participate in the distribution of the Benchmark Fund if you are no later than. Submit a proof of entitlement form October 9, 2021, and if the information and documents you provide on this Proof of Claim form demonstrate that you are entitled to a recovery.
This summary notice is only a summary of the matters relating to the lawsuit and the settlement. A detailed notice (the “Notice”) describing the lawsuit, proposed settlement, and class members’ rights to appear at the final approval hearing in court, seek disqualification from the class action and / or object to the settlement, the Allocation Schedule and / or the Lead Counsel’s motion for attorney’s fees and reimbursement of litigation costs to any person or entity known to be potential class plaintiffs. You can obtain a copy of this notice, a Proof of Claim form, the Agreement, and other information at www.GreenSkySecuritiesLitigation.com, or by writing to the following address or calling the phone number below.
In relation to GreenSky securities disputes
P.O. Box 3560
Portland, OR 97208-3560
Tel: 1-855-917-3539 (toll free)
E-mail: [email protected]
If you are a class plaintiff, you have the right to object to the settlement, award schedule, and / or Co-Lead Counsel’s motion for attorney fees and litigation costs, or to seek a hearing by any other means by submission no later than September 28, 2021, a written objection in accordance with the procedures set out in the notice. You also have the right to exclude yourself from the class by no later than September 28, 2021, a written request for expulsion from the class in accordance with the procedures set out in the notice. If the settlement is approved by the court, you are bound by the settlement and the judgment of the court, including the clearances provided for in the settlement and the judgment, unless you file a motion for exclusion.
PLEASE DO NOT CONTACT THE COURT OR THE BUSINESS OFFICE REGARDING THIS NOTICE.
Inquiries, other than requests for the Notice, Proof of Claim Form, and Agreement above, may be directed to the Co-Lead Counsel for Lead Plaintiffs:
Cohen Milstein seller & Toll PLLC
1100 New York Avenue NW, Suite 500
Washington, DC 20005
Danger: Steven J. Great
Scott + Scott Lawyers LLP
230 Park Avenue, 17th floor
New York, NY 10169
Attn: Max R. Schwartz
Dated: July 12, 2021
By order of the court
United States District Court
for the South District of New York
SOURCE// Cohen Milstein seller & Great PLLC and Scott + Scott Lawyers LLP
URL // www.GreenSkySecuritiesLitigation.com
1This Summary Notice is incorporated by reference with the definitions in the Agreement and the Settlement Agreement dated May 24, 2021 (“Agreement”), and all capitalized terms used that are not defined herein have the same meaning as in the Agreement. A copy of the provision can be found at https://www.GreenSkySecuritiesLitigation.com.
SOURCE Cohen Milstein seller & Great PLLC and Scott + Scott Lawyers LLP