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SOURCE Labaton Sucharow LLP and Spector Roseman & Kodroff, P.C.
NEW YORK, Jan. 3, 2018 /PRNewswire/ -- The following statement is being issued by Labaton Sucharow LLP and Spector Roseman & Kodroff, P.C. regarding the class action Howard v. Liquidity Services Inc., et al., Case No. 14-cv-1183 (D.D.C.).
To all persons and entities who purchased or otherwise acquired the publicly traded common stock of Liquidity Services, Inc. ("LSI") during the period from February 1, 2012 through May 7, 2014, and were damaged thereby (the "Class"):
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of Columbia (the "Court"), that the above-captioned action (the "Action") has been certified to proceed as a class action on behalf of the Class defined above, subject to certain exclusions. IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION. At this time, there is no judgment, settlement, or monetary recovery.
If you are a Class Member, you have the right to decide whether to remain a member of the Class. If you choose to stay in the Class, you do not need to do anything at this time other than retain your documents relating to LSI, including documents reflecting all of your transactions (purchases and sales) in LSI publicly traded common stock during the period from February 1, 2012 through May 7, 2014. You will automatically be included in the Class and all orders or judgments in the Action, whether favorable or unfavorable, will apply to you.
If you do not wish to remain a member of the Class, you must take steps to exclude yourself from the Class. If you ask to be excluded from the Class, you will not be bound by any order or judgment in the Action, but you will not be eligible to receive a share of any money which might be recovered for the benefit of the Class. To exclude yourself from the Class, you must submit a written request for exclusion postmarked no later than February 20, 2018 in accordance with the instructions set forth in the full printed Notice. Pursuant to the Federal Rules of Civil Procedure, it is within the Court's discretion whether to allow a second opportunity to request exclusion from the Class in the event there is a future settlement or judgment in the Action.
This notice is only a summary. A full printed Notice of Pendency of Class Action (the "Notice") is currently being mailed to known potential Class Members. If you have not received a copy of the Notice, you may obtain a copy of the Notice by downloading it from www.liquidityservicessecuritieslitigation.com or by contacting the Administrator at:
Liquidity Services Inc. Securities Litigation
P.O. Box 10520
Dublin, Ohio 43017-5589
If you did not receive the Notice by mail, and you are a member of the Class, please send your name and address to the Administrator so that if any future notices are mailed in connection with the Action, you will receive them.
Inquiries, other than requests for the Notice, may be made to Class Counsel:
Jonathan Gardner, Esq.
LABATON SUCHAROW LLP
New York, NY 10005
Andrew D. Abramowitz, Esq.
SPECTOR ROSEMAN & KODROFF, P.C.
1818 Market Street, Suite 2500
Philadelphia, PA 19103
Please Do Not Call the Court with Questions.
Dated: January 3, 2018
BY ORDER OF THE COURT
United States District Court
District of Columbia
View original content:http://www.prnewswire.com/news-releases/labaton-sucharow-llp-and-spector-roseman--kodroff-pc-announce-notice-of-pendency-of-class-action-in-the-liquidity-services-inc-securities-litigation-300573332.html
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