The Law Firm of Chimicles & Tikellis LLP Announce a Proposed Class Action Settlement.WILMINGTON, Del. -- The following was released today by Chimicles & Tikellis LLP LLP - Lower Layer Protocol . The Law Firm of Chimicles & Tikellis LLP announces a proposed class action settlement on behalf of record holders and beneficial owners Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial who purchased or otherwise acquired shares of common stock of Freeport McMoran Sulpher, Inc. IN THE COURT OF CHANCERY court of chancery n. pl. courts of chancery A court with jurisdiction in equity. Noun 1. court of chancery - a court with jurisdiction in equity chancery OF THE STATE OF DELAWARE Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). IN AND FOR NEW CASTLE COUNTY IN RE FREEPORT MCMORAN SULPHUR Sulphur, city, United States Sulphur, city (1990 pop. 20,125), Calcasieu parish, SW La.; inc. 1914. It is a trade center for an area producing natural gas, oil, and timber as well as sorghum, soybeans, cattle, and crawfish. , INC. SHAREHOLDER 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. Consolidated C.A. No. 16729-NC SUMMARY 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, PROPOSED SETTLEMENT AND SETTLEMENT HEARING TO: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF COMMON STOCK OF FREEPORT MCMORAN SULPHUR, INC. ("FREEPORT") AT ANY TIME DURING THE PERIOD FROM AUGUST 3, 1998 TO AND INCLUDING NOVEMBER 17, 1998 (THE "CLASS"). YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Court of Chancery of the State of Delaware in and for New Castle County and an Order of the Court, that in the above-captioned action (the "Consolidated Action") a settlement for the benefit of the Class has been proposed. A hearing will be held before the Court at the New Castle County Courthouse, 500 King Street, Wilmington, Delaware Wilmington is the largest city in the state of Delaware and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. (the "Settlement Hearing") on April 20, 2006, at 2:00 p.m. to determine whether: 1. A proposed settlement of the Action for $17,500,000 is fair, reasonable and adequate and should be approved by the Court; 2. An Order and Final Judgment should be entered dismissing all claims against the Defendants with prejudice, and without costs; and 3. Attorneys' fees and expenses requested by Class Counsel should be awarded. If you have not yet received the full printed Notice of Pendency of Class Action, Proposed Settlement of Class Action, Settlement Hearing and Right to Appear (the "Class Notice"), you may obtain a copy of this document by contacting:
Freeport McMoRan Sulphur Settlement
c/o Complete Claim Solutions, Inc.
P.O. Box 24624
West Palm Beach, FL 33416
(877) 741-1232
www.completeclaimsolutions.com
You may also review the Stipulation An agreement between attorneys that concerns business before a court and is designed to simplify or shorten litigation and save costs. During the course of a civil lawsuit, criminal proceeding, or any other type of litigation, the opposing attorneys may come to an agreement and other Settlement papers at www.chimicles.com. Inquiries, other than requests for the Class Notice, may be made to Class Counsel: Pamela S. Tikellis of Chimicles & Tikellis LLP, One Rodney Square, P.O. Box 1035, Wilmington, DE 19899, (302) 656-2500. If you are a member of the Class and you object to the proposed Settlement or otherwise wish to be heard, you or your attorney may appear at the Settlement Hearing. To do so, you must provide notice in the manner specified in the Class Notice no later than April 10, 2006. Further information may be obtained by contacting the Claims Administrator at Freeport McMoRan Sulphur Settlement, c/o Complete Claim Solutions, Inc., P.O. Box 24624, West Palm Beach, FL 33416, (877) 741-1232, www.completeclaimsolutions.com. |
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