Welcome to the Settlement website for the In Re Forterra Inc. Securities Litigation (the “Action”);
ATTENTION ALL SETTLEMENT CLASS MEMBERS:
On August 04, 2021, the Court issued an Order Granting Plaintiffs' Motion for Distribution of Class Action Settlement Funds. The initial distribution took place on September 15, 2021.
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.