Robbins Geller Rudman & Dowd LLP Announces Nomura Asset Acceptance Corporation Securities Litigation

  Robbins Geller Rudman & Dowd LLP Announces Nomura Asset Acceptance
  Corporation Securities Litigation

Business Wire

BOSTON -- August 27, 2013

Robbins Geller Rudman & Dowd LLP:

                         UNITED STATES DISTRICT COURT
                          DISTRICT OF MASSACHUSETTS

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PLUMBERS’ UNION LOCAL NO. 12 PENSION      )     No. 08-cv-10446
FUND, Individually and On Behalf of All
Others Similarly Situated,                )     CLASS ACTION

Plaintiff,                       )     SUMMARY NOTICE OF PENDENCY AND
                                                PROPOSED SETTLEMENT OF CLASS
vs.                                      )   ACTION AND MOTION FOR
                                                ATTORNEYS’ FEES AND EXPENSES
NOMURA ASSET ACCEPTANCE CORPORATION, et   )
al.,                                            EXHIBIT A-3
                                          )
Defendants.                            
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      ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED MORTGAGE PASS-THROUGH
      CERTIFICATES IN EITHER: 1) THE NOMURA ASSET ACCEPTANCE CORPORATION,
TO:  ALTERNATIVE LOAN TRUST, SERIES 2006-AP1; AND/OR 2) THE NOMURA ASSET
      ACCEPTANCE CORPORATION, ALTERNATIVE LOAN TRUST, SERIES 2006-AF1 (THE
      “CERTIFICATES”) BETWEEN JULY 22, 2005 AND JANUARY 31, 2008, INCLUSIVE
      (THE “RELEVANT TIME PERIOD”)
      

YOU ARE HEREBY NOTIFIED pursuant to an Order of the United States District
Court for the District of Massachusetts, that a hearing will be held on
December 19, 2013, at 2:00 p.m., before the Honorable Richard G. Stearns at
the John Joseph Moakley U.S. Courthouse, 1 Courthouse Way, Boston,
Massachusetts 02210, for the purpose of determining: (1) whether the proposed
settlement of the claims in the Litigation for the sum of $21.2 million in
cash should be approved by the Court as fair, reasonable and adequate; (2)
whether a Class should be certified for purposes of the Settlement only; (3)
whether this Litigation should be dismissed with prejudice pursuant to the
terms and conditions set forth in the Stipulation and Agreement of Settlement,
dated as of July 29, 2013 (“Stipulation”); (4) whether the Plan of Allocation
is fair, reasonable and adequate and therefore should be approved; and (5)
whether the application of Lead Counsel for the payment of attorneys’ fees and
expenses incurred in connection with this Litigation should be approved.

If you purchased or otherwise acquired the Nomura Asset Acceptance
Corporation, Alternative Loan Trust, Series 2006-AP1 Mortgage Pass-Through
Certificates and/or the Nomura Asset Acceptance Corporation, Alternative Loan
Trust, Series 2006-AF1 Mortgage Pass-Through Certificates during the period
between July 22, 2005 and January 31, 2008, inclusive, your rights may be
affected by the settlement of this Litigation. If you have not received a
detailed Notice of Pendency and Proposed Settlement of Class Action and Motion
for Attorneys’ Fees and Expenses (“Notice”) and a copy of the Proof of Claim
and Release form (“Proof of Claim”), you may obtain copies by writing to
Nomura Mortgage Pass-Through Certificates Securities Litigation, Claims
Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040
or going to 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
postmarked no later than December 26, 2013, establishing that you are entitled
to recovery.

If you desire to be excluded from the Class, you must submit a request for
exclusion postmarked no later than November 29, 2013, in the manner and form
explained in the detailed Notice referred to above. All Class Members who do
not timely and validly request exclusion from the Class will be bound by any
judgment entered in the Litigation pursuant to the terms and conditions of the
Stipulation.

Any objection to the Settlement must be mailed or delivered such that it is
received by each of the following no later than November 29, 2013:

        Clerk of the Court
        UNITED STATES DISTRICT COURT
    DISTRICT OF MASSACHUSETTS
        1 Courthouse Way
        Boston, MA 02210
        
        Counsel for Lead Plaintiffs:
        
        Arthur C. Leahy
        Cody R. LeJeune
        ROBBINS GELLER RUDMAN & DOWD LLP
        655 West Broadway, Suite 1900
        San Diego, CA 92101
        
        Counsel for Defendants:
        
        Stephen D. Poss
        GOODWIN PROCTER LLP
        53 State Street
        Boston, MA 02109
        
        William H. Paine
        WILMER CUTLER PICKERING
        HALE AND DORR LLP
        60 State Street

        Boston, MA 02109
        

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
If you have any questions about the Settlement, you may contact counsel for
the Lead Plaintiffs at the address listed above or go to the following
websites: www.gilardi.com and www.rgrdlaw.com.

                          BY ORDER OF THE COURT
DATED: August 7, 2013   UNITED STATES DISTRICT COURT
                          DISTRICT OF MASSACHUSETTS

Contact:

For Robbins Geller Rudman & Dowd LLP
Arthur C. Leahy, 619-231-1058
 
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