Milberg LLP Announces the Settlement of a Class Action Lawsuit Against Tellabs …
CHICAGO–(EON: Enhanced Online News)–In the United States District Court for the Northern District of
Illinois, Eastern Division, in Makor Issues Rights, Ltd., et al. v.
Tellabs, Inc., et al., Case No. 02-C-4356, a summary notice has been
issued as follows:
Summary Notice of Proposed Class Action Settlement
To: all persons who purchased the common stock of Tellabs, Inc. during
the period from December 11, 2000 through June 19, 2001, inclusive (the
“Class”).
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of
Civil Procedure and an Order of the Court, that a settlement of the
above-captioned certified class action has been proposed. A hearing will
be held at the Court before the Honorable Amy J. St. Eve, at 9:00 a.m.,
on July 26, 2011 to determine whether the proposed settlement should be
approved by the Court as fair, reasonable, and adequate, whether a
proposed plan of allocation should be approved, and to consider the
application of Plaintiffs’ Counsel for attorneys’ fees and reimbursement
of expenses and for the reimbursement of cost and expenses (including
lost wages) to Class Representatives.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE
AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you
have not yet received the full printed Notice of Proposed Settlement of
Class Action, Motion for Attorneys’ Fees and Settlement Fairness Hearing
and a Proof of Claim form, you may obtain copies of these documents by
contacting the Claims Administrator:
Inquiries, other than requests for the forms of Notice and Proof of
Claim, may be made to Plaintiffs’ Lead Counsel:
To participate in the Settlement, you must submit a Proof of Claim no
later than September 2, 2011. Any objections to the Settlement or to the
other matters being considered by the Court must be filed by July 7,
2011. If you are a Class Member and do not submit a proper Proof of
Claim, you will not share in the Settlement but you nevertheless will be
bound by the Order and Final Judgment of the Court.
Further information may be obtained by contacting the Claims
Administrator.
By Order of the United States District Court for the Northern District
of Illinois, Eastern Division