Overview Of The Settlement
In re Dendreon Corporation Class Action Litigation,, Master Docket No. 2:11-cv-01291-JLR
A Settlement has been reached in a class action lawsuit against Defendants Dendreon Corporation (“Dendreon”), Mitchell H. Gold, Hans Bishop, and Gregory T. Schiffman (collectively, “Individual Defendants,” and with Dendreon, “Defendants”). The Settlement, approved by the Court, settles certain claims of all persons and entities who purchased or otherwise acquired Dendreon common stock between April 29, 2010 and August 3, 2011, inclusive (the “Class Period”), and who were damaged thereby (the “Class”), against Defendants and their Related Persons.
What Are My Options?
- REMAIN A MEMBER OF THE CLASS. This was the only way to receive a payment. If you wished to obtain a payment as a Member of the Class, you needed to file a Claim Form (the “Claim Form”), postmarked no later than September 7, 2013.
- EXCLUDE YOURSELF FROM THE CLASS. Receive no payment. This is the only option that allows you to ever be part of any other lawsuit against any of the Defendants or their Related Persons concerning the Released Claims. Your exclusion request must have been received by July 12, 2013.
- OBJECT TO THE SETTLEMENT. Write to the Court and explain why you do not like the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of expenses. You cannot object to the Settlement unless you are a Member of the Class and do not validly exclude yourself. Your objection must have been received by July 12, 2013.
- DO NOTHING. Receive no payment, remain a Class Member, give up your rights and be bound by the Final Judgment and Order entered by the Court if it approves the Settlement, including the release of the Released Claims against Defendants and their Related Persons.
Please consult the Notice for more details on your options.
Pursuant to the Settlement Hearing held on August 2, 2013, before the Honorable James L. Robart, at the United States District Court for the Western District of Washington, 700 Stewart Street, Courtroom Suite 14106, Seattle, the Court approved the Settlement, the Plan of Allocation and the request for Lead Counsel fees.