Respost from PRNewsWire.com. It reads…
DENVER, June 1, 2015 /PRNewswire/ — The following release was issued by RG/2 Claims Administration LLC, as Claims Administrator, on behalf of Levi & Korsinsky, LLP and Jones and Keller, P.C.
Telke and Moreland, et al. v. New Frontier Media, Inc., et al –
Civil Action NO. 1:12-cv-02941-JLK
In the United States District Court for the District of Colorado
IF YOU HELD SHARES OF COMMON STOCK IN NEW FRONTIER MEDIA, INC. (“NEW FRONTIER”) AT ANY TIME FROM AND INCLUDING OCTOBER 15, 2012 THROUGH AND INCLUDING NOVEMBER 27, 2012 (THE “CLASS PERIOD”), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF A CLASS ACTION
YOU ARE HEREBY NOTIFIED, pursuant to an Order of United District Court for the District of Colorado, that a hearing will be held onAugust 25, 2015, at 10:00 a.m., in Courtroom A802 of the Alfred A. Arraj United States Courthouse, 901 19th Street, Denver, Colorado80294, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Action for the sum of $2,250,000.00in cash plus accrued interest should be approved by the Court as fair, reasonable, and adequate; (2) whether the Court should enter a final judgment in the Action on the merits against the named Plaintiffs and the Class as set forth in the Stipulation of Settlement dated April 27, 2015 (“Stipulation”); (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; (4) whether the application of Plaintiffs’ Counsel for an award of attorneys’ fees and expenses incurred in connection with this litigation should be approved; and (5) whether the application of Plaintiffs for an incentive award should be approved.
If you held New Frontier common stock at any time from and including October 15, 2012, through and including November 27, 2012, your rights may be affected by the settlement of this Action. 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 New Frontier Media, Inc. Shareholder Litigation, Claims Administrator, RG/2 Claims Administration LLC, PO Box 59479, Philadelphia, PA19102-9479, or you can download a copy at www.rg2claims.com/NewFrontier.html. If you are a Class Member, in order to share in the distribution of the Net Settlement Amount, you must submit a Proof of Claim and Release form postmarked or submitted electronically no later than August 31, 2015, establishing that you are entitled to recovery. You will be bound by any judgment rendered in the Action whether or not you make a claim.
Any objection to the Settlement, the Plan of Allocation or Lead Counsel’s request for an award of attorneys’ fees and expenses must be filed with the Court at the address below and served by hand or first class mail on counsel listed below such that it is postmarked no later than August 11, 2015:
Clerk of the Court
Alfred A. Arraj United States Courthouse
901 19th Street
Denver, Colorado 80294