Granite Securities Litigation

Class Representative, the Police Retirement System of St. Louis, on behalf of themselves and the Class (defined below), have reached a proposed settlement of the Action that, if approved, will resolve all claims in the Action.

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed settlement, you had to submit a Claim Form no later than January 24, 2022. The deadline to submit a Claim form has now passed. Payments to Authorized Claimants will be made only if the Court approves the Settlement and the Plan of Allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Your Legal Rights and Options in This Action

Submit a Proof of Claim and Release	The only way to be eligible to receive a payment from the Settlement. Proofs of Claim and Release had to have been postmarked or received no later than January 24, 2022.
Exclude Yourself	You will not be bound by the terms of the Settlement, and you will not receive any payment. The deadline to exclude yourself was December 3, 2021.
Object to the Settlement	You may write to the Court about why you oppose the Settlement. The deadline to object was January 5, 2022.
Go to a Hearing	The hearing on whether to approve the settlement was February 24, 2022, at 8:00 a.m.
Do Nothing	Receive no payment. Give up your rights.

The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action. Please read the Notice to also fully understand your rights and options.