Robbins Geller Rudman & Dowd LLP and Scott+Scott, Attorneys at Law, LLP Announce Proposed Settlement of MobileIron Shareholder Litigation

SAN JOSE, Calif.--()--The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Scott+Scott, Attorneys at Law, LLP regarding the MobileIron Shareholder Litigation:

SUPERIOR COURT OF THE STATE OF CALIFORNIA
COUNTY OF SANTA CLARA

In re MOBILEIRON, INC. SHAREHOLDER LITIGATION   )   Lead Case No. 1-15-cv-284001
  )

CLASS ACTION

This Document Relates To: ) Assigned to: The Honorable Thomas E. Kuhnle
ALL ACTIONS. ) Dept. 5
) Date Action Filed: 08/05/15
 
 

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

 

TO:

ALL PERSONS OR ENTITIES (“PERSONS”) THAT PURCHASED MOBILEIRON, INC. (“MOBILEIRON” OR THE “COMPANY”) COMMON STOCK PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS FOR THE COMPANY’S JUNE 12, 2014 INITIAL PUBLIC OFFERING (THE “CLASS”)

 

THIS NOTICE WAS AUTHORIZED BY THE COURT. IT IS NOT A LAWYER SOLICITATION. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.

YOU ARE HEREBY NOTIFIED that a hearing will be held on August 18, 2017, at 9:00 a.m., before the Honorable Thomas E. Kuhnle at the Superior Court of California, County of Santa Clara, 191 North First Street, San Jose, CA 95113, to determine whether: (1) the proposed Settlement as set forth in the Stipulation of Settlement dated May 23, 2017 (“Stipulation”) of the above-captioned action (“Litigation”) for $7,500,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate; (3) to award Plaintiffs’ Counsel attorneys’ fees and expenses out of the Settlement Fund (as defined in the Notice of Proposed Settlement of Class Action (“Notice”), which is discussed below); and (4) to pay Plaintiffs for their time and expenses incurred in representing the Class, out of the Settlement Fund.

This Litigation is a securities class action brought on behalf of those Persons who purchased the common stock of MobileIron pursuant and/or traceable to the Registration Statement and Prospectus (“Registration Statement”) issued in connection with MobileIron’s June 12, 2014 initial public offering (the “IPO”) against MobileIron and certain of its executives for allegedly misstating and omitting material facts from the Registration Statement filed with the U.S. Securities and Exchange Commission (“SEC”) in connection with the IPO. Defendants deny all of Plaintiffs’ allegations.

IF YOU PURCHASED MOBILEIRON COMMON STOCK PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT FILED WITH THE SEC IN CONNECTION WITH THE COMPANY’S JUNE 12, 2014 IPO, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.

To share in the distribution of the Net Settlement Fund, you must establish your rights by submitting a Proof of Claim and Release (“Proof of Claim”) by mail postmarked no later than November 6, 2017, at the Claims Administrator’s address, MobileIron Shareholder Litigation Settlement, c/o Gilardi & Co. LLC, P.O. Box 404006, Louisville, KY 40233-4006, or submitted electronically at www.mobileironshareholdersettlement.com no later than November 6, 2017. Your failure to submit your Proof of Claim by November 6, 2017, will subject your claim to possible rejection and may preclude you from receiving any of the recovery in connection with the Settlement of this Litigation. If you are a Member of the Class and do not request exclusion, you will be bound by the Settlement and any judgment and release entered in the Litigation, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim. Lead Counsel represent you and other Members of the Class. If you want to be represented by your own lawyer, you may hire one at your own expense.

If you have not received a copy of the Notice, which more completely describes the Settlement and your rights thereunder (including your right to object to the Settlement or exclude yourself from the Class), and a Proof of Claim, you may obtain these documents, as well as a copy of the Stipulation (which, among other things, contains definitions for the defined terms used in this Summary Notice) and other Settlement documents, online at www.mobileironshareholdersettlement.com, or by contacting the Claims Administrator at:

 

MobileIron Shareholder Litigation Settlement

Claims Administrator
c/o Gilardi & Co. LLC
P.O. Box 404006
Louisville, KY 40233-4006
Phone: 1-866-684-3881

www.mobileironshareholdersettlement.com

 
Inquiries may also be made to a representative of Lead Counsel:
     
ROBBINS GELLER RUDMAN & DOWD LLP SCOTT+SCOTT, ATTORNEYS AT LAW, LLP
Shareholder Relations John T. Jasnoch
Rick Nelson 707 Broadway, Suite 1000
655 West Broadway, Suite 1900 San Diego, CA 92101
San Diego, CA 92101 Phone: 1-800-332-2259
Phone: 1-800-449-4900

Inquiries should NOT be directed to Defendants, the Court, or the Clerk of the Court.

IF YOU DESIRE TO BE EXCLUDED FROM THE CLASS, YOU MUST SUBMIT A REQUEST FOR EXCLUSION SUCH THAT IT IS POSTMARKED NO LATER THAN JULY 19, 2017, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE. ALL MEMBERS OF THE CLASS WHO HAVE NOT REQUESTED EXCLUSION FROM THE CLASS WILL BE BOUND BY THE SETTLEMENT ENTERED IN THE LITIGATION EVEN IF THEY DO NOT FILE A TIMELY PROOF OF CLAIM.

IF YOU ARE A CLASS MEMBER, YOU HAVE THE RIGHT TO OBJECT TO THE SETTLEMENT, THE PLAN OF ALLOCATION, THE REQUEST BY PLAINTIFFS’ COUNSEL FOR AN AWARD OF ATTORNEYS’ FEES AND EXPENSES, AND/OR THE PAYMENT TO PLAINTIFFS FOR THEIR TIME AND EXPENSES. ANY WRITTEN OBJECTIONS MAY BE FILED WITH THE COURT AND COPIES SENT TO LEAD COUNSEL BY JULY 19, 2017. HOWEVER, IT IS NOT NECESSARY TO FILE A WRITTEN OBJECTION IN ORDER TO APPEAR AT THE HEARING TO PRESENT YOUR OBJECTION TO THE COURT.

DATED: June 9, 2017           BY ORDER OF THE SUPERIOR COURT OF CALIFORNIA,
COUNTY OF SANTA CLARA
HONORABLE THOMAS E. KUHNLE

Contacts

Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick Nelson, 1-800-449-4900
or
Scott+Scott, Attorneys at Law, LLP
John T. Jasnoch, 1-800-332-2259

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