NEW YORK, Dec. 29, 2008 (GLOBE NEWSWIRE) -- Labaton Sucharow LLP and Siskinds LLP Announce the Notice of Class Actions and Proposed Settlement Involving Molson Coors Brewing Company (NYSE:TAP), (NYSE:TAP-A), (TSX:TAP-A) and (TSX:TAP-B).
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CANADA
PROVINCE OF QUEBEC DISTRICT OF MONTREAL
SUPERIOR COURT
No: 500-06-000314-050
(CLASS ACTION)
BOYS AND GIRLS CLUB OF LONDON FOUNDATION, ET AL.
Plaintiffs
v.
MOLSON COORS BREWING COMPANY, ET AL.
Defendants
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IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE
IN RE MOLSON COORS BREWING COMPANY SECURITIES LITIGATION
Civil Action No. 1:05-cv-00294-GMS (Consolidated)
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SUMMARY NOTICE OF CLASS ACTIONS, PROPOSED SETTLEMENT, AND SETTLEMENT HEARINGS
TO: ALL PERSONS AND ENTITIES RESIDENT OR DOMICILED IN CANADA: (1) THAT AS FORMER SHAREHOLDERS OF MOLSON INC. ("MOLSON"), RECEIVED SHARES OF MOLSON COORS BREWING COMPANY ("MOLSON COORS") AS A RESULT OF THE FEBRUARY 9, 2005 MERGER OF MOLSON AND THE ADOLPH COORS COMPANY ("COORS"); (2) THAT WERE OPEN MARKET PURCHASERS OF THE COMMON STOCK OF COORS FROM JULY 22, 2004 THROUGH FEBRUARY 9, 2005, INCLUSIVE; OR (3) THAT WERE OPEN MARKET PURCHASERS OF THE COMMON STOCK OF MOLSON COORS, FROM THE COMPLETION OF THE MERGER OF MOLSON AND COORS THROUGH APRIL 27, 2005, INCLUSIVE, AND WHO WERE ALLEGEDLY DAMAGED THEREBY, AND INCLUDING THE PLAINTIFFS IN THE ADDITIONAL CANADIAN ACTIONS AND ALL PERSONS AND ENTITIES RESIDENT OR DOMICILED IN CANADA INCLUDED WITHIN THE PUTATIVE CLASSES ON WHOSE BEHALF THE ADDITIONAL CANADIAN ACTIONS WERE BROUGHT (the "CANADIAN CLASS").
Legal persons established for a private interest, partnership or association, who employed more than 50 persons at any time during the period from October 25, 2004 to October 25, 2005, and who otherwise fit the above description, are not included in the Canadian Class. Such persons are however, included in the U.S. Class as defined below.
AND
ALL OTHER PERSONS AND ENTITIES: (1) THAT, AS FORMER SHAREHOLDERS OF MOLSON, RECEIVED SHARES OF MOLSON COORS AS A RESULT OF THE FEBRUARY 9, 2005 MERGER OF MOLSON AND COORS; (2) THAT WERE OPEN MARKET PURCHASERS OF THE COMMON STOCK OF COORS FROM JULY 22, 2004 THROUGH FEBRUARY 9, 2005, INCLUSIVE; OR (3) THAT WERE OPEN MARKET PURCHASERS OF THE COMMON STOCK OF MOLSON COORS, FROM THE COMPLETION OF THE MERGER THROUGH APRIL 27, 2005, INCLUSIVE, AND WHO WERE ALLEGEDLY DAMAGED THEREBY, (the "U.S. CLASS", collectively with the Canadian Class, "the CLASS").
YOU ARE HEREBY NOTIFIED, by Order of the Superior Court of Quebec (the "Canadian Court") and, pursuant to Rule 23 of the Federal Rules of Civil Procedure, by Order of the United States District Court for the District of Delaware (the "U.S. Court"), that a settlement for $6 million, plus interest (the "Settlement") of the above-captioned actions has been proposed by the parties. Settlement Hearings will be held before the Canadian Court and the U.S. Court. The Canadian Settlement Hearing will be held on April 2, 2009 at 9:30 a.m., in the Quebec Superior Court of Justice, 1, rue Notre-Dame Est, Montreal (Quebec) H2Y 1B6. The U.S. Settlement Hearing will be held on May 18, 2009 at 2:00 p.m., in the J. Caleb Boggs Federal Building, 844 N. King Street, Wilmington, Delaware 19801, before the Honorable Gregory M. Sleet, United States District Judge. Each hearing will be for the purpose of determining, among other things, whether the Settlement should be approved, whether the proposed Plan of Allocation of the Net Settlement Fund should be approved, and whether settlement Classes should be finally certified. In advance of the hearings, Plaintiffs' Counsel will apply to the respective Courts for awards of legal fees and reimbursement of expenses incurred in connection with the Actions.
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 Class Actions and Proposed Settlement and a Proof of Claim form, you may obtain copies of these documents by contacting the Claims Administrator at: In re Molson Coors Brewing Company Securities Litigation, c/o Strategic Claims Services, Claims Administrator, 600 North Jackson Street - Suite 3, Media, PA, 19063; (Toll Free) 1 866-802-7949, www.molsoncoorssettlement.com.
Inquiries, other than requests for the forms of Notice and Proof of Claim or the status of a claim, may be made to Plaintiffs' Counsel:
Canadian Class Counsel: U.S. Lead Plaintiffs' Counsel:
Monique L. Radlein Nicole M. Zeiss, Esq.
Siskinds LLP Labaton Sucharow LLP
680 Waterloo Street 140 Broadway
London, ON N6A 3V8 New York, NY 10005
(800) 461-6166 x 2380 (800) 321-0476
www.classaction.ca www.labaton.com
To participate in the Settlement and be eligible to receive a recovery, you must submit a Proof of Claim no later than March 19, 2009. If you are a Class Member and do not exclude yourself from the Class, you will be bound by the Judgments entered by the Courts. To exclude yourself from the Class, you must submit a request for exclusion postmarked no later than March 19, 2009. Any objections to the Settlement must be filed and mailed to Counsel by March 19, 2009. If you are a Class Member and do not submit an acceptable Proof of Claim, you will not share in the Settlement, but you nevertheless will be bound by the Judgments of the Courts.
DATED: December 19, 2008
By Order of the Superior Court of Quebec and U.S. District Court for the District of Delaware