Dole Stockholder Litigation
Dole Stockholder Litigation
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Notice & Supplemental Notice
Notice & Supplemental Notice
Court Documents
Court Documents

To: All former record holders and beneficial owners of common stock of Dole Food Company, Inc. (“Dole”) who owned such stock at any time during the period commencing June 11, 2013 and ending November 1, 2013, together with their successors and assigns.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Proposed Settlement of Class Action, Settlement Hearing, and Right to Appear (the “Notice”), which you can access by clicking here, and the Notice of Modification to Method of Distribution of the Settlement Fund (the "Supplemental Notice"), which you can access by clicking here. Since this website is just a summary, you should review the Notice and Supplemental Notice for additional details.


Please read all of the Notice and the Supplemental Notice carefully.

 

Modification to Method of Distribution

On February 15, 2017, the Court approved a modification to the plan of allocation of the Settlement Fund. Please reference the Supplemental Notice for a summary of the modification.



$2.1485 Per Share

Pursuant to the Court’s March 24, 2017 implementing order, which you can access by clicking here, the final distribution amount is $2.1485 per share. Entitlement to participate in the distribution is set forth in the Court’s March 24, 2017 implementing order.

Pursuant to the March 24, 2017 implementing order, The Depository Trust Company distributed funds to DTC Participants on March 31, 2017.


The Court’s Post-Trial Memorandum Opinion

The Court of Chancery issued a detailed post-trial Memorandum Opinion in the Litigation on August 27, 2015, which you can access by clicking here

As described in the Notice, the “Class Payment” (as defined in Part III of the Notice) pursuant to the proposed settlement reflects the same amount that the members of the class would have gotten based on the amount of damages found by the Court of Chancery in the Memorandum Opinion (which would be subject to the same or similar reductions as those summarized in the Notice to account for any attorney fee and expense award the Court of Chancery might approve and claims administration, both of which would likely be incurred absent the settlement).  The Class Payment does not include damages or interest attributable to shares of Dole common stock that the Appraisal Petitioners (as defined in the Notice) owned at the time of the closing of the merger and were the subject of perfected appraisal demands.

Further Information

This website, the Notice, and the Supplemental Notice summarize the settlement.  For more details regarding the settlement, please reference the documents filed in the case under the “Court Documents” link on the left.  You may also contact the Co-Lead Counsel for further information regarding this Settlement as follows:

Co-Lead Counsel:
 
Stuart M. Grant
  Grant & Eisenhoffer P.A.
  123 Justison Street
  Wilmington, DE  19801
  Phone: 302-622-7000



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