Robbins Geller Rudman & Dowd LLP and the Weiser Law Firm, P.C. Announce Proposed Settlement of AuthenTec, Inc. Shareholder Litigation

Authentec

Unless you are a named defendant in the settled litigation or one of their affiliates, as that term is defined in the Stipulation and Agreement of Compromise and Settlement dated July 14, 2016 (the “Stipulation”), or you exclude yourself from the Settlement, you are a member of the Class if you held AuthenTec common stock any time between and including July 27, 2012 and October 4, 2012.

What Are the Settlement Benefits for the Class?

A $10 million common fund (“Common Fund”) has been established for the benefit of Class Members. After the deduction from the $10 million fund of notice and administration expenses, any attorneys’ fees and expenses awarded by the Court, any service awards to the Plaintiffs, and taxes, the remainder of the Common Fund will be distributed on a pro rata basis to Class Members who both owned AuthenTec common stock on October 4, 2012 and submit timely and valid Proof of Claim forms.

How Do I Participate in the Settlement Benefits?

To participate in the Common Fund cash payment, you must mail or submit online a completed Proof of Claim form by December 21, 2016. If you do not wish to participate in the Settlement, you may exclude yourself from the Class by October 21, 2016, or you may remain in the Class and object to any aspect of the Settlement by October 27, 2016. Visit www.authentecshareholderlitigation.com for important information about your options in the Settlement.

Hearing on the Proposed Settlement

The Court will hold a Final Settlement Hearing on November 17, 2016 at 11:15 A.M. to determine whether the proposed Settlement is fair, reasonable, and adequate, to approve any attorneys’ fees and expenses, and any service awards for Plaintiffs. The hearing date may be changed by the Court, and you should check www.authentecshareholderlitigation.com for updates. The Final Settlement Hearing will take place at Moore Justice Center, 2825 Judge Fran Jamieson Way, Viera, Florida 32940. You do not have to attend the hearing.

To get additional information, including a copy of the detailed Notice and Proof of Claim form for the Common Fund cash payment, visit www.authentecshareholderlitigation.com or call 1-888-264-2889.

For more information, visit the source link below.

Source: www.prnewswire.com www.prnewswire.com

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