CLASS NOTICE:
On January 6, 2023, the Claims Administrator conducted the initial distribution of settlement funds to eligible claimants, as approved by the order of the Court. The second distribution occurred in May 2024. Subsequent distributions will occur on a rolling basis.
The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
The Parties have settled the Action for $16,650,000 in cash (the “Settlement”) for the benefit of the Settlement Class.
On November 1, 2021, the Court held a hearing to consider final approval of the Settlement and related matters. Following the hearing, the Court entered a final Judgment approving the Settlement, an Order approving the Plan of Allocation for the proceeds of the Settlement, and an Order awarding attorneys' fees and litigation expenses.
The Settlement Class consists of:
all persons and entities that purchased or otherwise acquired publicly traded Evoqua common stock during the period from November 1, 2017 through October 30, 2018, inclusive, and were damaged thereby.
Excluded from the Settlement Class are certain persons and entities (see paragraph 29 of the Notice) or those who requested exclusion.
The claims administration process has concluded. A distribution motion was filed on November 23, 2022 and approved by the Court on December 1, 2022. The initial distribution of funds occurred in January 2023. The second distribution occurred in May 2024. Subsequent distributions will occur on a rolling basis provided that net settlement funds are available.
Please read the Notice to fully understand your rights and options. Copies of the Notice can be found in the menu on the left of this page.
If you have questions, you may call the Evoqua Securities Litigation Help Line at 1-855-569-5890 or email info@EvoquaSecuritiesLitigation.com.