HARTFORD, Conn., May 18, 2007 (PRIME NEWSWIRE) -- Scott + Scott, LLC and Johnson & Perkinson Announces the Notice of Pendency of Class Action and Proposed Settlement of a Class Action Involving Priceline.com, Inc. (Nasdaq:PCLN)
United States District Court for the District of Conneticut
Master File No. 3:00CV01884(AVC)
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT, MOTION FOR ATTORNEYS' FEES AND SETTLEMENT FAIRNESS HEARING
TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED SECURITIES OF PRICELINE.COM, INC. BETWEEN JANUARY 27, 2000 THROUGH OCTOBER 4, 2000, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-captioned action has been certified as a class action and that a Settlement valued at $80 million has been proposed. A hearing will be held before the Honorable Alfred V. Covello in the Abraham Ribicoff Federal Building, 450 Main Street, Hartford, Connecticut at 10:30 a.m., on July 2, 2007 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, 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 of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Settlement Fairness Hearing and a Proof of Claim form, you may obtain copies of these documents by contacting:
Priceline.com, Inc. Securities Litigation c/o Strategic Claims Services Claims Administrator PO Box 230 600 North Jackson Street, Suite 3 Media, PA 19063 (866)-274-4004 www.strategicclaims.net
If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim form postmarked by August 31, 2007, establishing that you are entitled to recovery. You will be bound by any judgment rendered in the Action whether or not you make a claim.
If you desire to be excluded from the Class, you must file a request for exclusion postmarked by June 8, 2007, in the manner and form explained in the detailed Notice referred to above. All Class Members who have not requested exclusion from the Class will be bound by any judgment entered in the Action pursuant to the Stipulation of Settlement.
Any objection to any of the matters to be considered at the Settlement Hearing must be mailed or delivered such that it is received by each of the following no later than June 8, 2007:
The Court:
Clerk of the Court United States District Court District of Connecticut 450 Main Street Hartford, CT 06103
Attorneys for Lead Plaintiff:
Scott + Scott, LLP Johnson & Perkinson
David R. Scott Attorneys At Law
108 Norwich Ave Jacob B. Perkinson
P.O. Box 192 1690 Williston Road
Colchester, Connecticut 06415 P.O. Box 2305
South Burlington, Vermont 05403
Attorneys for the Defendants:
Hennigan, Bennett & Dorman, LLP Cravath, Swaine & Moore LLP
Jeanne E. Irving Daniel Slifkin
865 S. Figueroa Street, Suite 2900 Worldwide Plaza
Los Angeles, CA 90017 825 Eighth Avenue
New York, New York 10019
Please Do Not Contact the Court or the Clerk's Office Regarding This Notice
Dated: May 11, 2007
By Order of the Court United States District Court District of Connecticut
More information on this and other class actions can be found on the Class Action Newsline at http://www.primenewswire.com/ca/