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.


Your Legal Rights and Options in This Settlement
SUBMIT A PROOF OF CLAIM FORM POSTMARKED NO LATER THAN JULY 10, 2020. This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims that you have against Defendants and the other Defendants’ Releasees, so it is in your interest to submit a Claim Form.
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN JUNE 30, 2020. If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JUNE 30, 2020. If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.
GO TO A HEARING ON THE DATE TO BE SET BY THE COURT, AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JUNE 30, 2020. Filing a written objection and notice of intention to appear by June 30, 2020 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
DO NOTHING. If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.