Milberg Weiss Bershad & Schulman LLP Announces the Proposed $15 Million Settlement of a Class Action Lawsuit Against Comerica, Inc. and Certain of Its Officers.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The lawsuit was brought on behalf of a class consisting of all persons who purchased or otherwise acquired the common stock of Comerica, Inc. (ticker symbol: CMA CMA - Concert Multithread Architecture from DEC. ; CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 200340107) during the period between July 17, 2002 and October 1, 2002, inclusive (the "Class"). The law firm of Milberg Weiss Bershad & Schulman LLP LLP - Lower Layer Protocol announces that 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 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, that the case known as In re Comerica, Inc. 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. , Civil Action No. 2:02cv60233 (MOB), has been certified as a class action and that a settlement with the Defendants has been proposed. A hearing will be held before the Honorable Marianne O. Battani in the United States District Courthouse, 231 W. Lafayette Blvd., Detroit, Michigan 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 of expenses. IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED 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: In re Comerica, Inc. Securities Litigation c/o The Garden City Group, Inc., Claims Administrator P.O. Box 9000 #6331 Merrick, NY 11566-9000 (800) 261-5158 www.gardencitygroup.com Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to Plaintiffs' Lead Counsel: Barry A. Weprin, Esq. MILBERG WEISS BERSHAD & SCHULMAN LLP One Pennsylvania Plaza New York, New York 10119-0165 (212) 594-5300 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 directing your inquiry in writing to 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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