BOISE, Idaho, Aug. 17, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the District of Idaho has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of Alternate Energy Holdings, Inc.:
SUMMARY NOTICE OF CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED THE PUBLICLY-TRADED COMMON STOCK OF ALTERNATE ENERGY HOLDINGS, INC. DURING THE PERIOD FROM OCTOBER 23, 2006 THROUGH DECEMBER 14, 2010, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Idaho, that a hearing will be held on October 31, 2012 at 3:00 p.m. before the Honorable B. Lynn Winmill, United States District Judge of the District of Idaho, 550 W Fort St., Boise, ID 83724 (the "Settlement Hearing") for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $450,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds is fair, reasonable, and adequate; (3) whether the application for an award of attorneys' fees of one-third of the Settlement amount and reimbursement of expenses of not more than $15,000 should be approved; and (4) whether the Litigation should be dismissed with prejudice.
If you purchased common stock of Alternate Energy Holdings, Inc. during the class period from October 23, 2006 through December 14, 2010, inclusive, your rights may be affected by the Settlement of this action. If you have not received a detailed Notice of Pendency and Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to Alternate Energy Securities Litigation, c/o Strategic Claims Services, Claims Administrator, P.O. Box 230, 600 North Jackson Street, Suite 3, Media, PA 19063, or going to the website, www.strategicclaims.net. If you are a member of the Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release no later than September 24, 2012, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Litigation whether or not you make a claim. To exclude yourself from the Class, you must submit a Request for Exclusion to the Claims Administrator in the manner detailed in the Notice, and postmarked no later than September 24, 2012.
Any objection to the Settlement, Plan of Allocation, or the Class Counsel's request for an award of attorneys' fees and reimbursement of expenses must be submitted in the manner detailed in the Notice and mailed or delivered such that it is received by each of the following no later than October 17, 2012:
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Clerk of the Court United States District Court District of Idaho 550 W. Fort St. Boise, ID 83724 |
Phillip Kim, Esq. THE ROSEN LAW FIRM, P.A. 275 Madison Avenue 34th Floor New York, NY 10016 Class Counsel |
Richard A. Roth, Esq. THE ROTH LAW FIRM, P.L.L.C. 295 Madison Avenue 22nd Floor New York, NY 10017 Counsel for Defendant Donald L. Gillispie |
If you have any questions about the Settlement, you may call or write to Class Counsel:
Laurence M. Rosen, Esq.
Phillip Kim, Esq.
Timothy W. Brown, Esq.
THE ROSEN LAW FIRM, P.A.
275 Madison Avenue
34th Floor
New York, New York 10116
Tel.: (212) 686-1060
Fax: (212) 202-3827
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.
DATED: JULY 20, 2012
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE DISTRICT OF IDAHO