ALL RECORD HOLDERS AND ALL BENEFICIAL HOLDERS OF PAPA MURPHY’S HOLDINGS, INC. (“PAPA MURPHY’S”) COMMON STOCK WHO PURCHASED, SOLD, OR HELD SUCH STOCK DURING THE PERIOD FROM AND INCLUDING, APRIL 25, 2019, THE DATE OF THE TENDER OFFER AND THE DATE OF FILING OF THE SCHEDULE 14D-9, THROUGH AND INCLUDING MAY 22, 2019, THE DATE THE TENDER OFFER EXPIRED, INCLUDING ANY AND ALL OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS, TRUSTEES, EXECUTORS, ADMINISTRATORS, ESTATES, LEGAL REPRESENTATIVES, HEIRS, ASSIGNS AND TRANSFEREES.
Pursuant to an Order of the United States District Court for the Western District of Washington, Tacoma Division, that a hearing will be held on May 2, 2022 at 11:00 a.m., before the Honorable Benjamin H. Settle. Settlement Class Members should check the Settlement Class website in advance of the Final Approval Hearing to determine whether that hearing will occur in person at the United States District Court for the Western District of Washington, Tacoma Division, 1717 Pacific Avenue, Tacoma, WA 98402, or via a remote link. The hearing will be held for the purpose of determining: (1) whether the proposed Settlement of the Litigation for $2.4 million should be approved by the Court as fair, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Litigation with prejudice and releasing the Released Claims against Defendants and Defendants’ Released Parties; (3) whether final certification of the Settlement Class should be granted; (4) whether the Plan of Allocation for the Net Settlement Fund is fair, reasonable, and adequate and should be approved; and (5) whether the application of Lead Counsel for the payment of attorneys’ fees and expenses, and any award to Lead Plaintiff pursuant to 15 U.S.C. §78u-4(a)(4) should be approved.
IF YOU PURCHASED, SOLD, OR HELD PAPA MURPHY’S COMMON STOCK DURING THE PERIOD FROM AND INCLUDING APRIL 25, 2019, THROUGH AND INCLUDING MAY 22, 2019 (THE “SETTLEMENT CLASS PERIOD”), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION, INCLUDING THE RELEASE AND EXTINGUISHMENT OF CLAIMS YOU MAY POSSESS RELATING TO YOUR PURCHASE OR ACQUISITION OF PAPA MURPHY’S COMMON STOCK DURING THE SETTLEMENT CLASS PERIOD.
If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail (postmarked no later than May 28, 2022), or online at the claims portal link on the Notice/Claim page of this website, no later than May 28, 2022, establishing that you are entitled to recovery.
If you purchased, sold, or held Papa Murphy’s common stock during the Settlement Class Period and you desire to be excluded from the Settlement Class, you must submit a request for exclusion so that it is received no later than April 6, 2022, in the manner and form explained in the detailed Notice referred to above. All Members of the Settlement Class who do not timely and validly request exclusion from the Settlement Class will be bound by any judgment entered in the Litigation pursuant to the Stipulation of Settlement.
Any objection to the Settlement, the Plan of Allocation, Lead Counsel’s request for the payment of attorneys’ fees and expenses, and any award to Lead Plaintiff must be received by each of the following recipients listed under Question 18 of the Notice, via hard copy and email no later than April 6, 2022.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS SETTLEMENT.
If you have any questions about the Settlement, you may contact Lead Counsel at:
Monteverde & Associates PC
Juan E. Monteverde
The Empire State Building
350 Fifth Avenue
Suite 4405
New York, New York 10118
Email: jmonteverde@monteverdelaw.com