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