The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Class Certification; (II) Proposed Settlement; (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses; and (IV) Settlement Fairness Hearing (the "Notice"). Because this website is just a summary, you should review the Notice for additional details.
The Court-appointed Lead Plaintiffs, Louisiana Municipal Police Employees’ Retirement System, Sjunde AP-Fonden, Board of Trustees of the City of Fort Lauderdale General Employees’ Retirement System, Employees’ Retirement System of the Government of the Virgin Islands, and Public Employees’ Retirement System of Mississippi (collectively, “Lead Plaintiffs”), on behalf of themselves and the Class (as defined below), have reached a proposed settlement of the action captioned Louisiana Municipal Police Employees' Retirement System, et al. v. Green Mountain Coffee Roasters, Inc., et al., Civil Action No. 2:11-CV-00289-WKS, pending in the United States District Court for the District of Vermont (the "Action") with defendants Keurig Green Mountain, Inc., formerly known as Green Mountain Coffee Roasters, inc. ("Green Mountain"), Lawrence J. Blanford and Frances G. Rathke (collectively, "Defendants"), for $36.5 million in cash (the “Settlement”). If approved by the Court, the Settlement will settle and release all claims asserted against Defendants in this Action.
The Action alleges that Defendants violated the federal securities laws by making false and misleading statements regarding Green Mountain. More specifically, the Action alleges that, during the Class Period (i.e., February 2, 2011 through November 9, 2011, inclusive), Defendants misrepresented Green Mountain as a company that was straining capacity and struggling to build enough inventory to satisfy demand for its products, when in fact, as the Action further alleges, Defendants knew or should have known that the Company was experiencing serious problems with inventory controls and concerns about ballooning inventory levels.
If you are a member of the Class, your rights will be affected by the Action and you may be eligible to receive a payment from the Settlement. The Settlement consists of:
All persons or entities who purchased or otherwise acquired Green Mountain common stock during the period between February 2, 2011 and November 9, 2011, inclusive, and who were damaged thereby, except for certain persons and entities who are excluded from the Class by definition (see, paragraph 24 of the Notice).
Please read the Notice to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked no later than December 1, 2018.
Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
|IMPORTANT DATES AND DEADLINES:|
|December 1, 2018
CLAIM FILING DEADLINE
|To be eligible to receive a payment from the Settlement, you must mail the Claim Form and supporting documentation, postmarked no later than December 1, 2018, in accordance with the instructions in the Notice and Claim Form.|
|October 1, 2018
|To exclude yourself from the Class, you must submit a written request for exclusion so that it is received no later than October 1, 2018, in accordance with the instructions in the Notice.|
|October 1, 2018
|Any objections to the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, must be received no later than October 1, 2018, in accordance with the instructions in the Notice.|
|October 22, 2018
at 10:00 a.m.
SETTLEMENT FAIRNESS HEARING
|To attend the Settlement Fairness Hearing and/or ask to speak in Court about the fairness of the Settlement, see the instructions in the Notice. The Settlement Fairness Hearing will be held on October 22, 2018 at 10:00 a.m. before the Honorable William K. Sessions III at the United States District Court for the District of Vermont, 11 Elmwood Avenue, Burlington, VT 05401, Courtroom 110.|