LOS ANGELES, July 8, 2011 (GLOBE NEWSWIRE) -- The following statement is being issued by Glancy Binkow & Goldberg LLP regarding the Rentech, Inc. Securities Litigation.
UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA
IN RE RENTECH, INC. SECURITIES LITIGATION, Lead Case No. 2:09-cv-09495-GHK (PJWx), Hon. George H. King
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED RENTECH, INC. COMMON STOCK BETWEEN MAY 9, 2008, AND DECEMBER 14, 2009, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on September 26, 2011, at 9:30 a.m., before The Honorable George H. King, Edward R. Roybal Federal Building & U.S. Courthouse, 255 E. Temple St., Courtroom 650, Los Angeles, CA 90012, for the purpose of determining (1) whether the proposed Settlement of the claims in the Litigation for the sum of $1.8 million in cash should be approved by the Court as fair, reasonable and adequate to Members of the Class; (2) whether to certify the Settlement Class; (3) whether, thereafter, this Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated March 17, 2011; (4) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate and therefore should be approved; and (5) whether the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Litigation should be approved.
If you purchased or acquired Rentech, Inc. common stock between May 9, 2008 and December 14, 2009, inclusive, your rights may be affected by this Settlement. If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing (the "Notice") and a copy of the Proof of Claim and Release, you may obtain copies by writing to Rentech, Inc. Securities Litigation, Claims Administrator, c/o GCG Inc., P.O. Box 9349, Dublin, OH 43017-4249, or you can download a copy at www.gcginc.com. 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 and Release postmarked no later than October 22, 2011, establishing that you are entitled to recovery.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed below:
Peter A. Binkow, Esq., Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars #311, Los Angeles, California 90067, 1-888-773-9224, settlements@glancylaw.com, or go to the following website: www.gcginc.com.
DATED: July 8, 2011