Notice and Claim Mailed
- 09/05/2013: Notice and Claim Mailed
November 9, 2013
November 9, 2013
December 4, 2013
Final Settlement Hearing
December 4, 2013
Claim Filing Deadline
Can I participate in a securities lawsuit if I purchased
additional shares before or after the Class Period?
Yes. Normally, only those shares purchased during the Class Period will be subject to the litigation and have a Recognized Claim amount. However, shares you held prior to the Class Period may be used in matching sales during the Class Period on a first-in, first-out basis.
I acquired shares in my 401(k), IRA account or other
pension plan. Can I still participate?
In many instances, as long as the shares were purchased during the Class Period, you can participate. However, make sure the Plan is not filing a claim on behalf of all Plan purchases. If you are no longer in a Plan, ask the retirement plan administrator whether you should file on your own behalf. You will have to submit sufficient documentation and information of all applicable holdings, purchase and sale transactions.
What should I send in as documentation?
Documentation generally consists of copies of your brokerage statements or purchase and sale confirmation slips verifying the transactional information such as the security, the transaction date, the number of shares, the price per share and the total amount paid or received. The documentation should also show the name of the claimant. If you do not have these types of documents in your possession, you should consult your broker or financial advisor. Your monthly statements should show your holdings just prior to the Class Period and at the end of the Class Period.
What is a CUSIP number and ticker symbol?
A CUSIP number is a code used to identify securities sold in North America. They are 9 characters in length and are alphanumeric. A Ticker Symbol is a unique abbreviation used to identify specific securities that are traded on an open market or stock exchange.
Can I sell my stock after the Class Period and still be
part of the lawsuit?
Yes, in most cases. However, always refer to the Plan of Allocation in the Notice you received. In the majority of cases it is not necessary for you to retain ownership of the stock after the Class Period has expired to participate in the lawsuit.
If I made money on the stock, can I still
That depends on the Plan of Allocation. Sometimes transactions with gains have a zero recognized claim. In some actions, if your overall investment in a certain stock during the Class Period resulted in a loss (realized or not), you may participate in the lawsuit.
If I own a certain stock, am I part of the related
securities class action lawsuit?
Not necessarily. You must look at the Class definition. In some cases, if you purchased shares of the company's stock during the Class Period, you are a class member. In other cases, you may have had to hold the stock on a certain day or during a certain period.
Internap Securities Litigation
A proposed Settlement in the amount of $9.5 million in cash has been reached in the action captioned Catherine Anastasio, Stephen Anastasio, Curtis Whitaker, Patricia Esapada and Fred Matise, Individually and On Belhalf of All Others Similarly Situated, vs. Internap Network Services Corp., James P. Deblasio and David A. Buckel, Civil Action No. 1:08-CV-3462-JOF on behalf of all persons or entities who purchased common stock of Internap Network Services Corp. during the Class Period from May 3, 2007 through August 5, 2008 (the "Class").
A hearing will be held on December 4, 2013, at 10:30 a.m., before the Honorable J. Owen Forrester at the Richard B. Russell Federal Building and Courthouse, 75 Spring Street, SW, Atlanta, Georgia, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Litigation for the principal sum of $9,500,000 in cash, plus accrued interest, should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, the Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement, dated August 5, 2013 ("Stipulation"); (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Plaintiffs' counsel for the payment of attorneys' fees and expenses incurred in connection with the Litigation, and reimbursement awards to Class Representatives, should be approved.
If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Claim Form postmarked no later than December 4, 2013, establishing that you are entitled to recovery.
If you desire to be excluded from the Class, you must submit a request for exclusion postmarked by November 9, 2013, in the manner and form explained in the detailed Notice referred to above. All Members of the Class who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Litigation pursuant to the terms and conditions of the Stipulation.