Robbins Geller Rudman & Dowd LLP Announces Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

  Robbins Geller Rudman & Dowd LLP Announces Notice of Hearing to Determine
  Approval of Proposed Settlement of Class Action

Business Wire

SAN DIEGO -- December 17, 2012

The following statement is being issued by Robbins Geller Rudman & Dowd LLP
pursuant to an order of the United States District Court for the Southern
District of New York:

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK


                                              : Civil Action No.
CITY OF ROSEVILLE EMPLOYEES’ RETIREMENT         1:09-cv-08633-JGK
SYSTEM,                                       :
on Behalf of Itself and All Others Similarly    
Situated,                                     :
                                                (Consolidated)
Plaintiff,                   :
                                                
vs.                                    :
                                                CLASS ACTION
ENERGYSOLUTIONS, INC., et al.,                :
                                                
 Defendants.                  x
                                                SUMMARY NOTICE

      ALL PERSONS WHO ACQUIRED THE COMMON STOCK OR DEPOSITORY SHARES OF
      ENERGYSOLUTIONS, INC. (“ES” OR THE “COMPANY”) IN OR TRACEABLE TO THE
TO:  COMPANY’S OFFERING OF SECURITIES ON OR ABOUT NOVEMBER 14, 2007 OR JULY
      24, 2008 (THE “OFFERINGS”) OR PURCHASED ES COMMON STOCK OR DEPOSITORY
      SHARES BETWEEN NOVEMBER 14, 2007 AND OCTOBER 14, 2008, INCLUSIVE (THE
      “CLASS PERIOD”)

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States
District Court for the Southern District of New York, a hearing will be held
on March 15, 2013, at 2:30 p.m., before the Honorable John G. Koeltl, at the
Daniel Patrick Moynihan United States Courthouse, Courtroom 12B, 500 Pearl
Street, New York, NY 10007, for the purpose of determining (1) whether the
proposed settlement of the Action for the sum of Twenty-Six Million Dollars
($26,000,000) in cash should be approved by the Court as fair, reasonable, and
adequate; (2) whether, thereafter, this Action should be dismissed with
prejudice against Defendants as set forth in the Revised Settlement Agreement
dated as of November 19, 2012; (3) whether the Plan of Distribution of
settlement proceeds is fair, reasonable, and adequate and therefore should be
approved; and (4) the reasonableness of the application of Lead Counsel for
the payment of attorneys’ fees and expenses incurred in connection with this
Action, together with interest thereon, and payment to Lead Plaintiffs for
their expenses incurred representing the Class.

If you acquired or purchased ES common stock or depository shares during the
period November 14, 2007 through October 14, 2008, inclusive, your rights may
be affected by this Action and the settlement thereof. If you have not
received a detailed Notice of Pendency and Proposed Settlement of Class Action
and a copy of the Proof of Claim and Release form, you may obtain copies by
writing to EnergySolutions Securities Litigation, Claims Administrator, c/o
Gilardi & Co. LLC, P.O. Box 990, Corte Madera, CA 94976-0990, or by
downloading this information at www.gilardi.com. If you are a Class Member, in
order to share in the distribution of the Net Settlement Fund, you must submit
a Proof of Claim and Release postmarked no later than March 14, 2013,
establishing that you are entitled to a recovery. You will be bound by any
judgment rendered in the Action unless you request to be excluded, in writing,
to the above address, postmarked by February 7, 2013.

Any objection to any aspect of the Settlement must be filed with the Clerk of
the Court no later than February 7, 2013, and received by the following no
later than February 7, 2013:

                         Counsel for Lead Plaintiffs:
                            ROBBINS GELLER RUDMAN
                                  & DOWD LLP
                               HELEN J. HODGES
                        655 West Broadway, Suite 1900
                             San Diego, CA 92101

                            ROBBINS GELLER RUDMAN
                                  & DOWD LLP
                               SAMUEL H. RUDMAN
                              DAVID A. ROSENFELD
                               EVAN J. KAUFMAN
                       58 South Service Road, Suite 200
                              Melville, NY 11747

                  Attorneys for Defendants EnergySolutions,
                     ENV, and the Individual Defendants:
                        SIMPSON THACHER & BARTLETT LLP
                             BRUCE D. ANGIOLILLO
                            JONATHAN K. YOUNGWOOD
                                EVAN I. COHEN
                             425 Lexington Avenue
                           New York, NY 10017-3954

               Counsel for Defendants Credit Suisse Securities
              (USA) LLC, J.P. Morgan Securities LLC (f/k/a J.P.
              Morgan Securities Inc.), and Morgan Stanley & Co.
                LLC (f/k/a Morgan Stanley & Co. Incorporated):
                           SHEARMAN & STERLING LLP
                                ADAM S. HAKKI
                               DANIEL C. LEWIS
                             599 Lexington Avenue
                              New York, NY 10022

 PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED: December 3, 2012

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

Contact:

Robbins Geller Rudman & Dowd LLP
Helen J. Hodges, 800-449-4900
 
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