Robbins Geller Rudman & Dowd LLP Announces Pendency of Class Action in the Parametric Sound Corporation Shareholders’ Litigation
February 20, 2019
CLARK COUNTY, Nev.–(BUSINESS WIRE)–The following statement is being issued by Robbins Geller Rudman & Dowd
LLP regarding the Parametric Sound Corporation Shareholders’ Litigation:
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EIGHTH JUDICIAL DISTRICT COURT CLARK COUNTY, NEVADA |
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In re PARAMETRIC SOUND |
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CORPORATION SHAREHOLDERS’ |
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LITIGATION |
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CLASS ACTION |
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This Document Relates To: |
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ALL ACTIONS. |
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SUMMARY NOTICE OF PENDENCY OF CLASS ACTION
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TO: |
All holders of Parametric Sound Corporation (“Parametric”) common stock who held shares on January 15, 2014, at the time Parametric issued shares in the Merger pursuant to the Agreement and Plan of Merger (the “Class”). |
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YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Eighth Judicial
District Court for the State of Nevada, County of Clark (the “Court”),
that you may be a member of a Class Action pending in the Court.
The lawsuit captioned In re Parametric Sound Corporation
Shareholders’ Litigation, Lead Case No. A-13-686890-B was recently
certified as a Class Action, and Kearney IRRV Trust was appointed as
Class representative. If any benefits are eventually obtained for the
Class as a result of this lawsuit, eligible Class members may be
entitled to a payment.
Class members may choose to exclude themselves from the Class. If you
exclude yourself, you will not be entitled to a payment if any benefits
are obtained for the Class. If you do not exclude yourself, you will be
bound by any judgment in this litigation, whether favorable or
unfavorable. To remain a Class member and eligible for a payment if any
benefits are obtained, you are not required to do anything at this time.
To request exclusion, you must submit a written request for exclusion to In
re Parametric Sound Corporation Shareholders’ Litigation,
EXCLUSIONS, c/o Gilardi & Co. LLC, 3301 Kerner Blvd., San Rafael, CA
94901, postmarked on or before April 1, 2019, setting forth your name
and address. The deadline to exclude yourself is April 1, 2019.
Contacts
Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick
Nelson
1-619-231-1058