The Rosen Law Firm, P.A. Announces Proposed Securities Class Action Settlement on Behalf of Purchasers of Indivior PLC securities – INVVY - Yahoo Finance

NEWARK, N.J., Oct. 11, 2021 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the District of New Jersey has approved the following announcement of a proposed securities class action settlement that would benefit purchasers of Indivior PLC securities (OTCMKTS: INVVY):

SUMMARY NOTICE OF PENDENCY AND
PROPOSED SECURITIES CLASS ACTION SETTLEMENT

TO: ALL PERSONS WHO PURCHASED OR ACQUIRED ANY PUBLICLY-TRADED SECURITIES OF INDIVIOR PLC LISTED ON A DOMESTIC EXCHANGE IN THE UNITED STATES, INCLUDING AMERICAN DEPOSITARY RECEIPTS OF INDIVIOR PLC, OR OTHERWISE ACQUIRED SECURITIES OF INDIVIOR PLC IN A DOMESTIC TRANSACTION IN THE UNITED STATES, BETWEEN MARCH 10, 2015 THROUGH APRIL 9, 2019, BOTH DATES INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of New Jersey, that a hearing will be held on January 6, 2022, at 11:00 a.m. before the Honorable Esther Salas, United States District Judge of the District of New Jersey, 50 Walnut Street, Courtroom MLK 5A, Newark, New Jersey 07102 for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $2,000,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Lead Counsel for attorneys’ fees of up to one-third of the Settlement Amount ($666,666.67) plus a proportionate share of interest accrued on the Settlement Amount, Lead Counsel’s reimbursement of litigation expenses incurred of not more than $35,000, and Award to Lead Plaintiff of not more than $5,000, should be approved; and (4) whether the Action should be dismissed with prejudice as set forth in the Stipulation and Agreement of Settlement, dated February 8, 2021 (the “Settlement Stipulation”). The Court reserves the right to hold the Settlement Hearing telephonically or by other virtual means.

source: https://finance.yahoo.com/news/rosen-law-firm-p-announces-120000275.html

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