Welcome to the Settlement website for the In Re Forterra Inc. Securities Litigation (the “Action”);
ATTENTION ALL SETTLEMENT CLASS MEMBERS:
On July 20, 2020, the Court rescheduled the Settlement Hearing for this matter. The Settlement Hearing will now be held on Monday, July 28, 2020 at 2:00 p.m. in Courtroom 1525 of the United States Courthouse, 1100 Commerce Street, Dallas, Texas 75242. Please continue to check this website regularly for updates as this date is subject to change in response to the continuing evolution of the COVID-19 global pandemic.
IF YOU PURCHASED OR OTHERWISE ACQUIRED FORTERRA COMMON STOCK BETWEEN FORTERRA’S INITIAL PUBLIC OFFERING ON OCTOBER 19, 2016 AND AUGUST 14, 2017, INCLUSIVE (THE “SETTLEMENT CLASS PERIOD”), AND/OR PURCHASED OR ACQUIRED STOCK PURSUANT TO AND/OR TRACEABLE TO THE REGISTRATION STATEMENT ISSUED IN CONNECTION WITH FORTERRA’S INITIAL PUBLIC OFFERING AND WERE DAMAGED THEREBY, YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT. CERTAIN PERSONS ARE EXCLUDED FROM THE CLASS AS SET FORTH IN THE NOTICE.
Subject to Court approval, Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $5,500,000 in cash (the “Settlement Amount”) to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation is included in the Notice.
Your legal rights are affected whether you act or don’t act. Read the Notice carefully.