Settled: December 03, 2015
On December 3, 2015, the Honorable James C. Cacheris granted final approval to a class action settlement with Neustar, Inc. (Neustar) and the individual defendants in the amount of $2.625 million in cash in the class action In re Neustar, Inc. Securities Litigation, No. 14-cv-00885 JCC TRJ (E.D. Va.).
Labaton Sucharow was the court-appointed lead counsel for lead plaintiff the Indiana Public Retirement System and the settlement class.
The complaint filed by lead plaintiff alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the Exchange Act) and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission (SEC). The complaint alleged, among other things, that the defendants made false and misleading statements regarding Neustar’s competitive standing in the LNPA bidding and selection process and the risk that Neustar, after 17 years as the sole LNPA, would lose the NPAC contracts to a competitor.
Submit Proof of Claim
If you purchased or otherwise acquired publicly traded common stock of Neustar, Inc. (Neustar) between April 19, 2013 and June 6, 2014, inclusive (the class period), you may be entitled to a payment from the proposed Settlement.
To be eligible for a payment from the proposed settlement, you must submit a Proof of Claim form by February 3, 2016 in accordance with the instructions set forth in the Notice.
A copy of the Notice and Proof of Claim, Preliminary Approval Order, and the Stipulation and Agreement of Settlement can be accessed under "Case Materials."
The deadline for objecting to the settlement or for seeking exclusion from the settlement class was November 12, 2015.
A settlement hearing was held on December 3, 2015 at 10:00 am, before Judge Cacheris in Courtroom 1000 of the Albert V. Bryan U.S. Courthouse, 401 Courthouse Square, Alexandria, Virginia 22314.
If you have questions about the settlement, please contact Labaton Sucharow at firstname.lastname@example.org or 1-888-219-6877, or the Claims Administrator, A.B. Data, at email@example.com or 1-866-893-1052.