お知らせ • Nov 27
Entwistle & Cappucci LLP and Labaton Sucharow LLP Announces a Notice of Pendency and Proposed Settlement of Class Action in Resideo Technologies, Inc
Entwistle & Cappucci LLP and Labaton Sucharow LLP announced to all persons and entities who or which purchased or otherwise acquired the common stock of Resideo Technologies, Inc. (Resideo or the Company) during the period from October 15, 2018 through November 6, 2019, inclusive, and were damaged thereby (Settlement Class). PEOPLE 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 Minnesota, that Court-appointed Lead Plaintiffs The Gabelli Asset Fund, The Gabelli Dividend & Income Trust, Gabelli Focused Growth and Income Fund f/k/a The Gabelli Focus Five Fund, The Gabelli Multimedia Trust Inc., The Gabelli Value 25 Fund Inc., GAMCO International SICAV, GAMCO Asset Management Inc., Naya 1740 Fund Ltd., Naya Coldwater Fund Ltd., Naya Master Fund LP and Nayawood LP, and additional plaintiff Oklahoma Firefighters Pension and Retirement System, on behalf of themselves and all members of the proposed Settlement Class, and defendants Resideo, Michael G. Nefkens, Joseph D. Ragan III and Niccolo de Masi (collectively, Defendants), have reached a proposed settlement of the claims in the above-captioned class action (the Action) in the amount of $55,000,000 (the Settlement). A hearing will be held before the Honorable Wilhelmina M. Wright, either in person or remotely in the Court's discretion, on January 27, 2022, at 9:00 a.m. in Courtroom 7A of the United States District Court for the District of Minnesota, Warren E. Burger Federal Building and U.S. Courthouse, 316 North Robert Street, Saint Paul, MN 55101 (the Settlement Hearing) to determine whether the Court should: approve the proposed Settlement as fair, reasonable and adequate; dismiss the Action with prejudice as provided in the Stipulation and Agreement of Settlement, dated August 17, 2021; approve the proposed Plan of Allocation for distribution of the proceeds of the Settlement (the Net Settlement Fund) to Settlement Class Members; and approve Co-Lead Counsel's Fee and Expense Application. The Court may change the date of the Settlement Hearing, or hold it remotely, without providing another notice. People do NOT need to participate at the Settlement Hearing to receive a distribution from the Net Settlement Fund. If people are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, people must submit a Claim Form postmarked or submitted online no later than March 4, 2022. If people are a Settlement Class Member and do not timely submit a valid Claim Form, people may not be eligible to share in the distribution of the Net Settlement Fund, but people will nevertheless be bound by all of the terms of the Stipulation and Agreement of Settlement, and all of the terms of the Judgment or any Alternative Judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable.If people are a Settlement Class Member and wish to exclude yourself from the Settlement Class, people must submit a written request for exclusion in accordance with the instructions set forth in the Notice so that it is received no later than January 6, 2022. If people properly exclude yourself from the Settlement Class, people will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and people will not be eligible to share in the distribution of the Net Settlement Fund.