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Brower Piven, A Professional Corporation and Shapiro Haber & Urmy LLP announce the Notice of Proposed Partial Settlement of



Brower Piven, A Professional Corporation and Shapiro Haber & Urmy LLP announce
   the Notice of Proposed Partial Settlement of Class Action for the Sonar
                  Capital Management Securities Class Action

PR Newswire

NEW YORK, April 22, 2013

NEW YORK, April 22, 2013 /PRNewswire/ -- The following statement is being
issued by Brower Piven, A Professional Corporation and Shapiro Haber & Urmy
LLP regarding the Sonar Capital Management Securities Class Action.

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

SIDNEY GORDON and JEFFREY TAUBER, Plaintiffs, v. SONAR CAPITAL MANAGEMENT LLC,
et al., Defendants.  DOCKET NO. 1:11-CV-09665 (JSR)

SUMMARY NOTICE OF PROPOSED PARTIAL SETTLEMENT OF CLASS ACTION

To:  All persons and entities who sold shares of common stock of Sigma
Designs, Inc. between July 13, 2007 and November 28, 2007, both dates
inclusive.

This Summary Notice is given pursuant to Rule 23 of the Federal Rules of Civil
Procedure and an Order of the United States District Court for the Southern
District of New York ("Court"), dated March 8, 2013. The purpose of this
Summary Notice is to inform you of the proposed partial settlement of the
above-entitled class action ("Action") against Defendant Noah Freeman.

A Settlement Hearing will be held before the Honorable Jed S. Rakoff, United
States District Judge, at the Daniel Patrick Moynihan United States
Courthouse, 500 Pearl Street, New York, NY 10007, at 4:00 p.m. on May 22, 2013
in order: (1) to determine whether the Court should grant certification to the
Settlement Class pursuant to Fed. R. Civ. P. 23(a) and (b)(3); (2) to
determine whether the Settlement consisting of $550,000 in cash, together with
Defendant Freeman's agreement to cooperate in the continuing litigation
against the non-settling Defendants (Sonar Capital Management, LLC Neil
Druker, Primary Global Research, LLC, The John Doe Hedge Fund(s), and John and
Jane Does 1 Through 100), should be approved as fair, reasonable, and adequate
to the Settlement Class and the proposed Judgment entered; (3) to determine
whether the proposed Plan of Allocation for the proceeds of the partial
Settlement is fair and reasonable, and should be approved by the Court; (4) to
determine whether the applications by Plaintiffs' Counsel for an award of
attorneys' fees and expenses equal to up to one-third of the Settlement Amount
should be approved; and (5) to rule upon such other matters as the Court may
deem appropriate.

If you sold shares of Sigma Designs, Inc. common stock between July 13, 2007
and November 28, 2007 (both dates inclusive), and are not otherwise excluded
from the Settlement Class, you are a Settlement Class Member. Settlement Class
Members will be bound by the final judgment of the Court. If you are a
Settlement Class Member, you do not need to submit a Proof of Claim at this
time. This is only a partial Settlement with one of the Defendants in this
Action. At this time, no funds are available to Class Members. If funds become
available, you will be notified as to how the claim process will work.

If you do not wish to be included in the Settlement Class and you do not wish
to participate in the proposed Settlement, you may request to be excluded, in
the manner set forth in the full Notice of Proposed Partial Settlement of
Class Action ("Notice"), no later than May 7, 2013. If you do wish to be
included in the Settlement Class and do not timely and validly request
exclusion from the Settlement Class, but you wish to object to the Settlement,
the Plan of Allocation, and/or Plaintiffs' Counsel's application for an award
of attorneys' fees and/or reimbursement of expenses, you may submit a written
objection. You also may, but are not required to, appear at the Settlement
Hearing. You must file and serve your written objection, in the manner
specifically set forth in the Notice, no later than May 7, 2013. The
procedures that MUST be followed for Settlement Class Members to request
exclusion from the Settlement Class or to object to the Settlement, the Plan
of Allocationand/or application for attorneys' fees and/or reimbursement of
expenses are set forth in full in the Notice. You are urged to obtain a copy
of the Notice, which includes, among other things, a description of: (1) the
litigation in the Action prior to the Settlement; (2) the terms of the
proposed partial Settlement; (3) the benefits of the partial Settlement to the
Settlement Class; (4) the Plan of Allocation for the proceeds of the partial
Settlement; (5) the rights of Settlement Class Members; (6) the release of
claims against Defendant Freeman and his Related Parties; (7) the application
for an award of attorneys' fees and expenses; and (8) additional details
concerning the Settlement Hearing, excluding oneself from the Settlement Class
and/or objecting to the partial Settlement, the Plan of Allocation, and/or the
application for attorneys' fees and/or reimbursement of expenses.

PLEASE DO NOT CONTACT THE COURT REGARDING THIS NOTICE.

For additional information, you may contact the Claims Administrator at the
following address:

Sonar Capital Management Securities Class Action
Claims Administrator
c/o GCG
PO Box 9349
Dublin, OH 43017-4249
1-800-231-1815

This is only a summary notice. The full notice may be accessed at:
www.gcginc.com.

Dated: April 22, 2013.                                                   

Jed S. Rakoff
UNITED STATES DISTRICT JUDGE

SOURCE Brower Piven, A Professional Corporation, and Shapiro Haber & Urmy LLP

Website: http://www.gcginc.com
Contact: Brian C. Kerr, Brower Piven, A Professional Corporation, (212)
501-9000
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