Berman DeValerio Pease Tabacco Burt & Pucillo, and Milberg Weiss Bershad Hynes & Lerach LLP Announces Summary Notice of Proposed Settlement and Settlement Fairness Hearing.Business Editors/Legal Writers/Financial Analysts NEW YORK--(BUSINESS WIRE)--Oct. 3, 2003 The following statement is being issued by Milberg Weiss Founded in 1965 by attorneys Larry Milberg and Melvyn I. Weiss, Milberg Weiss (formerly known as Milberg Weiss & Bershad LLP) is a U.S. plaintiffs' law firm. Based in New York City, it is widely known for representing investors in securities class actions. Bershad Hynes & Lerach LLP LLP - Lower Layer Protocol pursuant to an order of the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe, , CASE NO. 98-7334-CIV-DIMITROULEAS/BROWN: In Re. Technical Chemicals & Products, Inc. Securities Litigation This Matter Pertains to All Case Summary Notice of Proposed Settlement and Settlement Fairness Hearing TO: ALL PERSONS AND ENTITIES WHO PURCHASED THE COMMON STOCK OF TECHNICAL CHEMICALS & PRODUCTS, INC. BETWEEN NOVEMBER 27, 1995 AND OCTOBER 6, 1998, INCLUSIVE AND WHO SUSTAINED A LOSS ON SAID PURCHASE(S). YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure The Federal Rules of Civil Procedure (FRCP) are rules governing civil procedure in United States district (federal) courts, that is, court procedures for civil suits. The FRCP are promulgated by the United States Supreme Court pursuant to the Rules Enabling Act, and then approved and an order of the United States District Court for the Southern District of Florida, dated September 10, 2003, that a hearing will be held on December 10, 2003, at 8:30 a.m., before the Honorable William P. Dimitrouleas, at the U.S. Courthouse, United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. , Southern District of Florida, 299 East Broward Boulevard, Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. 33301, for the purpose of determining: (i) whether the proposed settlement of the above Action for the principal amount of One Million Dollars ($1,000,000) cash, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. , should be approved by the Court as fair, reasonable and adequate; (ii) whether an Order and Final Judgment approving the Settlement and dismissing this Action on the merits on the merits adj. referring to a judgment, decision or ruling of a court based upon the facts presented in evidence and the law applied to that evidence. A judge decides a case "on the merits" when he/she bases the decision on the fundamental issues and considers and with prejudice against Defendant Jack L. Aronowitz ("Aronowitz") should be entered; (iii) whether the proposed Plan of Allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as is a fair and reasonable method to allocate settlement proceeds; and (iv) whether the application of Plaintiffs' counsel for the payment of attorneys' fees and expenses and for payment of expenses of the Lead Plaintiff are reasonable and should be approved. IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Certification of Class, Proposed Settlement of Class Action, Settlement Fairness Hearing and Right to Share in Settlement Fund and a Proof of Claim form, you may obtain copies of these documents by identifying yourself as a member of the Class and writing to:
Claims Administrator
TCPI Securities Litigation
c/o Gilardi & Co. LLC
P.O. Box 990
Corte Madera, CA 94976-0990
Telephone: 1-800-447-7657
All inquiries other than requests for the forms of Notice and Proof of Claim, should be made in writing, addressed to Plaintiffs' Co-Lead Counsel: Michael J. Pucillo, Esq. Howard Coates, Esq. Berman DeValerio Pease Milberg Weiss Bershad Tabacco Burt & Pucillo Hynes & Lerach, LLP 515 N. Flagler Dr., Suite 1701 5355 Town Center Road, Suite 900 West Palm Beach, FL 33401 Boca Raton, FL 33486 (561) 835-9400 (561) 361-5000 To participate in the Settlement, you must file a Proof of Claim no later than January 9, 2004. IF YOU ARE A CLASS MEMBER AND DO NOT FILE A PROPER, TIMELY PROOF OF CLAIM, YOU WILL NOT SHARE IN THE SETTLEMENT, BUT YOU WILL BE BOUND BY THE ORDER AND FINAL JUDGMENT OF THE COURT. PLEASE DO NOT CALL OR WRITE THE COURT OR THE OFFICE OF THE CLERK OF THE COURT FOR INFORMATION OR ADVICE. |
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