Examples of Xxxxx River in a sentence
Lead Plaintiffs Employees’ Retirement Fund of the City of Fort Worth d/b/a Fort Worth Employees’ Retirement Fund and The City of Miami General Employees’ & Sanitation Employees’ Retirement Trust (together, “Lead Plaintiffs”), on behalf of themselves and the Settlement Class (defined below); and (b) Defendant Xxxxx River Group Holdings, Ltd.
This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging that Xxxxx River and certain of its executives, Xxxxxx X.
The date of covering a “short sale” is deemed to be the date of purchase or acquisition of the Xxxxx River common stock.
The Claims Administrator will determine if the Claimant had a “Market Gain” or a “Market Loss” with respect to his, her, or its overall transactions in Xxxxx River common stock during the Class Period.
Pursuant to Rule 23(e)(1)(B)(ii) of the Federal Rules of Civil Procedure, and solely for purposes of effectuating the proposed Settlement, the Court preliminarily certifies a Settlement Class consisting of all persons and entities who purchased or otherwise acquired Xxxxx River common stock during the period from February 22, 2019 through October 25, 2021, inclusive (the “Class Period”), and who were damaged thereby.
Only purchases or acquisitions of Xxxxx River common stock from February 22, 2019 through October 25, 2021, inclusive, are eligible under the Settlement and the proposed Plan of Allocation set forth in the Notice.
Some Settlement Class Members may recover more or less than this estimated amount depending on, among other factors, when and at what prices they purchased or sold their Xxxxx River common stock, and the total number and value of valid Claim Forms submitted.
Based on the formula stated below, a “Recognized Loss Amount” will be calculated for each purchase or acquisition of Xxxxx River common stock during the Class Period that is listed on the Claim Form and for which adequate documentation is provided.
The date of a “short sale” is deemed to be the date of sale of the Xxxxx River common stock.
Based on Lead Plaintiffs’ damages expert’s estimate of the number of shares of Xxxxx River common stock purchased during the Class Period that may have been affected by the conduct alleged in the Action and assuming that all Settlement Class Members elect to participate in the Settlement, the estimated average recovery (before the deduction of any Court-approved fees, expenses and costs as described herein) is $1.10 per eligible share.