A proposed Settlement in the amount of $9.5 million in cash has been reached in the action captioned Catherine Anastasio, Stephen Anastasio, Curtis Whitaker, Patricia Esapada and Fred Matise, Individually and On Belhalf of All Others Similarly Situated, vs. Internap Network Services Corp., James P. Deblasio and David A. Buckel, Civil Action No. 1:08-CV-3462-JOF on behalf of all persons or entities who purchased common stock of Internap Network Services Corp. during the Class Period from May 3, 2007 through August 5, 2008 (the "Class").
A hearing will be held on December 4, 2013, at 10:30 a.m., before the Honorable J. Owen Forrester at the Richard B. Russell Federal Building and Courthouse, 75 Spring Street, SW, Atlanta, Georgia, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Litigation for the principal sum of $9,500,000 in cash, plus accrued interest, should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, the Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement, dated August 5, 2013 ("Stipulation"); (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Plaintiffs' counsel for the payment of attorneys' fees and expenses incurred in connection with the Litigation, and reimbursement awards to Class Representatives, should be approved.
If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Claim Form
postmarked no later than December 4, 2013
, establishing that you are entitled to recovery.
If you desire to be excluded from the Class, you must submit a request for exclusion postmarked by November 9, 2013, in the manner and form explained in the detailed Notice
referred to above. All Members of the Class who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Litigation pursuant to the terms and conditions of the Stipulation.