The Law Firm of Berman DeValerio Announces a Proposed Class Action Settlement Involving General Electric Company Common Stock

The Law Firm of Berman DeValerio Announces a Proposed Class Action Settlement
               Involving General Electric Company Common Stock

PR Newswire

BOSTON, June 27, 2013

BOSTON, June 27, 2013 /PRNewswire/ --

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

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                                       )
                                          Civ. No. 09-CIV-1951 (DLC)
                                       )
                                          
In re General Electric Co. Sec. Litig.  )
                                          ECF CASE
                                       )
                                          
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_______________________________________ )



SUMMARY NOTICE OF CLASS ACTION, PROPOSED SETTLEMENT, MOTION FOR ATTORNEYS'
FEES, AND SETTLEMENT HEARING

TO: All Persons that during the period from September 25, 2008 through
March 19, 2009, inclusive (the "Class Period"), purchased or otherwise
acquired the common stock of General Electric Company (the "Settlement
Class").

PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS MAY BE AFFECTED BY THE
PROPOSED SETTLEMENT OF A CLASS ACTION LAWSUIT PENDING IN THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE "COURT").

PLEASE DO NOT CONTACT THE COURT, GENERAL ELECTRIC, ANY OTHER DEFENDANT, OR
THEIR COUNSEL REGARDING THIS NOTICE.

ALL QUESTIONS ABOUT THIS NOTICE, THE PROPOSED SETTLEMENT, OR YOUR ELIGIBILITY
TO PARTICIPATE IN THE PROPOSED SETTLEMENT SHOULD BE DIRECTED TO LEAD COUNSEL
OR THE CLAIMS ADMINISTRATOR, WHOSE CONTACT INFORMATION IS PROVIDED BELOW.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil
Procedure and an Order of the Court, that the Settlement Class in the
above-captioned litigation (the "Action") has been preliminarily certified for
the purposes of the proposed Settlement only.

YOU ARE ALSO NOTIFIED that the State Universities Retirement System of
Illinois ("Lead Plaintiff"), on behalf of itself and the proposed Settlement
Class, and the Settling Defendants have reached a proposed settlement of the
Action for $40,000,000 in cash (the "Settlement Amount"), that, if approved,
will resolve all claims in the Action (the "Settlement").

A hearing will be held before the Honorable Denise Cote, United States
District Judge for the United States District Court for the Southern District
of New York, in the Daniel Patrick Moynihan United States Courthouse, 500
Pearl Street, Courtroom 15B, New York, NY 10007-1312 at 2:00 p.m. on August
16, 2013, to, among other things, determine whether (i) the proposed
Settlement should be approved by the Court as fair, reasonable, and adequate;
(ii) the Action should be dismissed with prejudice against the Settling
Defendants, as set forth in the Stipulation and Agreement of Settlement, dated
April 29, 2013; (iii) the proposed Plan of Allocation for distribution of the
Settlement Amount, and any interest earned thereon, less Court-awarded
attorneys' fees, Notice and Administration Expenses, Taxes, and any other
costs, fees, or expenses approved by the Court (the "Net Settlement Fund")
should be approved as fair and reasonable; and (iv) the application of Lead
Counsel for an award of attorneys' fees and reimbursement of litigation
expenses should be approved.[1] The Court may change the date of the hearing
without providing another notice. You do NOT need to attend the Settlement
Hearing in order to receive a distribution from the Net Settlement Fund.

IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS MAY BE AFFECTED BY
THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO SHARE IN THE NET SETTLEMENT
FUND. If you have not yet received (i)theprinted Postcard Notice of Class
Action, Proposed Settlement and Motion for Attorneys' Fees and Expenses; (ii)
the Second Revised Full Notice of Class Action, Proposed Settlement, Motion
for Attorneys' Fees and Settlement Hearing ("Full Notice"); or (iii) the Proof
of Claim and Release form ("Proof of Claim"), you can obtain a copy of those
documents on the website www.gesecuritieslitigation.comor by contacting the
Claims Administrator:

        In re General Electric Company Securities Litigation
        Claims Administrator
        c/o A.B. Data, Ltd.
        PO Box 170900
        Milwaukee, WI 53217
        Phone: 800-391-9724
        www.gesecuritieslitigation.com
        email: info@gesecuritieslitigation.com

Please refer to the website for more detailed information and to review the
Settlement documents. Inquiries other than requests for information about the
status of a claim may also be made to Lead Counsel:

        BERMAN DEVALERIO
        Kathleen M. Donovan-Maher, Esq.
        One Liberty Square
        Boston, MA 02109
        Phone: 800-516-9926
        www.bermandevalerio.com
        email: info@bermandevalerio.com

If you are a potential Settlement Class Member, to be eligible to share in the
distribution of the Settlement proceeds, you must timely submit a valid Proof
of Claim, which can be found on the websites listed above, postmarked no later
than October 11, 2013. If you are a potential Settlement Class Member and do
not submit a valid Proof of Claim form, you will not be eligible to share in
the distribution of the Net Settlement Fund, but you will nevertheless be
bound by any judgments or orders entered by the Court in the Action.

If you are a potential Settlement Class Member, but wish to exclude yourself
from the Settlement Class, you must submit a written request for exclusion in
accordance with the instructions set forth in the Full Notice, which can also
be found on the websites, postmarked no later than July 26, 2013. If you are
a potential Settlement Class Member and do not timely exclude yourself from
the Settlement Class, you will be bound by any judgments or orders entered by
the Court in the Action.

Any objections to the proposed Settlement, Plan of Allocation, or Lead
Counsel's application for attorneys' fees and reimbursement of expenses must
be mailed to counsel for the Settling Parties in accordance with the
instructions set forth in the Full Notice, postmarked no later than August 2,
2013, and filed with the Court no later than August 2, 2013.

DATED: JUNE 13, 2013
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

QUESTIONS? VISIT WWW.GESECURITIESLITIGATION.COMOR CALL 800-391-9724 TOLL
FREE

[1] The Full Notice and the Stipulation, available for download at
www.gesecuritieslitigation.com, contain additional information concerning the
Settlement and the definitions, and further explanation, of many of the
defined terms used in this Notice (which are indicated by initial capital
letters).

Contact: Kathleen M. Donovan-Maher, Esq. 800-516-9926

SOURCE Berman DeValerio

Website: http://www.bermandevalerio.com/
 
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