Glancy Binkow & Goldberg LLP Announces Summary Notice for Publication In re Comerica, Inc./Imperial Bancorp Securities Litigation.DETROIT -- The following statement is being issued by the law firm of Glancy Binkow & Goldberg LLP LLP - Lower Layer Protocol regarding the Comerica, Inc./Imperial Bancorp Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. .
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MICHIGAN
SOUTHERN DIVISION
In re Comerica, Inc./Imperial Civil Action No. 2:02cv60211 (MOB)
Bancorp Securities Litigation
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION,
PROPOSED SETTLEMENT AND SETTLEMENT HEARING
TO: ALL PERSONS WHO HELD SHARES OF IMPERIAL BANCORP ("IMPERIAL")
AND RECEIVED COMERICA COMMON STOCK AS A RESULT OF THE MERGER
BETWEEN IMPERIAL AND COMERICA ON JANUARY 29, 2001 OR WHOSE
SHARE OWNERSHIP IN COMERICA IS OR WAS, ALL OR IN PART,
TRACEABLE TO THE 21 MILLION SHARES ISSUED IN THE MERGER SHARE
EXCHANGE.
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 Court, that the above-captioned action has been certified See certification. as a class action and that a cash settlement of $6,000,000, 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. has been proposed. A hearing will be held before the Honorable Marianne O. Battani in the United States District Court for the Eastern District of Michigan The United States District Court for the Eastern District of Michigan is the Federal district court with jurisdiction over of the eastern portion of the state of Michigan. , Southern Division, 231 W. Lafayette Blvd., Second Floor, Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait 48226, at 2:00 p.m., on October 24, 2005 to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs' Counsel for attorneys' fees and reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. of expenses. 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 Pendency Pend´en`cy n. 1. The quality or state of being pendent or suspended. 2. The quality or state of being undecided, or in continuance; suspense; as, the pendency of a suit s>. of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Final Settlement Hearing and a Proof of Claim form, you may obtain copies of these documents by contacting the Claims Administrator:
In re Comerica, Inc./Imperial Bancorp Securities Litigation
c/o The Garden City Group, Inc.
Claims Administrator
P.O. Box 9000 #6332
Merrick, NY 11566-9000
(800) 281-9202
http://www.gardencitygroup.com
Inquiries, other than requests for the forms of Notice and Proof
of Claim, may be made to:
Lionel Z. Glancy, Esq.
GLANCY BINKOW & GOLDBERG LLP
1801 Avenue of the Stars, Suite 311
Los Angeles, CA 90067
(310) 201-9150
Plaintiffs' Lead Counsel
To participate in the Settlement, you must submit a Proof of Claim
no later than November 23, 2005. If you are a Class Member and do not
exclude yourself from the Class, you will be bound by the Order and
Final Judgment of the Court. To exclude yourself from the Class, you
must submit a request for exclusion, in the manner and form provided
in the full printed Notice described above, postmarked no later than
September 30, 2005. Any objection to the Settlement must be filed by
September 30, 2005. If you are a Class Member and do not submit a
proper Proof of Claim, you will not share in the Settlement but you
nevertheless will be bound by the Order and Final Judgment of the
Court.
Further information may be obtained by contacting the Claims
Administrator.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING
THIS NOTICE
By Order of The Court
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