Conn's Summary Notice of Proposed Settlement of Stockholder Derivative Action
SUMMARY NOTICE OF PROPOSED SETTLEMENT OF
STOCKHOLDER DERIVATIVE ACTION
This is not a solicitation from an attorney
TO: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF CONN’S, INC. (“CONN’S”) COMMON STOCK (TICKER SYMBOL: CONN) AS OF THE CLOSE OF BUSINESS ON
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS WILL BE AFFECTED BY THIS LITIGATION. THIS NOTICE RELATES TO A PROPOSED SETTLEMENT AND DISMISSAL OF STOCKHOLDER DERIVATIVE LITIGATION AND CONTAINS IMPORTANT INFORMATION REGARDING YOUR RIGHTS. YOUR RIGHTS MAY BE AFFECTED BY LEGAL PROCEEDINGS IN THIS ACTION.
IF THE COURT APPROVES THE SETTLEMENT AND DISMISSAL OF THE ACTION, CURRENT CONN’S STOCKHOLDERS WILL BE FOREVER BARRED FROM CONTESTING THE APPROVAL OF THE PROPOSED SETTLEMENT AND FROM PURSUING THE SETTLED CLAIMS.
THE COURT HAS MADE NO FINDINGS OR DETERMINATIONS WITH RESPECT TO THE MERITS OF THE ACTION. THE RECITATION OF THE BACKGROUND AND CIRCUMSTANCES OF THE SETTLEMENT CONTAINED HEREIN DOES NOT CONSTITUTE THE FINDINGS OF THE COURT. IT IS BASED ON REPRESENTATIONS MADE TO THE COURT BY COUNSEL FOR THE PARTIES.
PLEASE TAKE NOTICE that the above-captioned stockholder Derivative Action is being settled, and the parties have entered into a Stipulation and Agreement of Settlement, dated
In consideration of the proposed Settlement, the Individual Defendants will cause their insurance carriers to pay
IF YOU ARE A CURRENT RECORD OR BENEFICIAL OWNER OF CONN’S COMMON STOCK AS OF
Any Current Conn’s Stockholder as of the Hearing Date shall have the right to appear and to be heard at the Settlement Hearing. However, no stockholder shall be heard at the Settlement Hearing unless, at least twenty-one (21) calendar days prior to the date of the Settlement Hearing, such stockholder has filed with the Court and delivered to counsel for the Settling Parties a written notice of objection in accordance with the requirements below. Only stockholders who have filed and delivered validly and timely written notices of objection will be entitled to be heard at the Settlement Hearing unless the Court orders otherwise.
Any written notice of objection must contain the following information:
a) a written and signed notice which states the name, address, telephone number, and email address (if available) of the objector and, if represented, of his, her, or its counsel;
b) proof that the objector owned Conn’s common stock as of the date of the execution of the Stipulation and continues to hold such shares; and
c) a written, detailed statement of the Person’s objections to any aspect of the settlement, and the specific grounds therefor or the reasons why such Person desires to appear and to be heard, as well as all documents and writings which such Person desires the Court to consider, including any legal and evidentiary support.
If you wish to object to the settlement, you must file a written objection setting forth the grounds for such objection and the information listed above with the Court on or before 21 calendar days before the Settlement Hearing, with service to: (a) counsel to Plaintiff
Unless the Court orders otherwise, your objection will not be considered unless it is timely filed with the Court and delivered to the above counsel. Any Person who fails to object in the manner provided shall be deemed to have waived such objection and shall forever be foreclosed from making any objection to the fairness, reasonableness, or adequacy of the proposed settlement as set forth in the Stipulation and the Judgment, or to the award of attorneys’ fees and expenses to Plaintiffs’ Counsel, unless otherwise ordered by the Court. Current Conn’s Stockholders who have no objection to the settlement do not need to appear at the Settlement Hearing or take any other action.
Inquiries may be made to Plaintiffs’ Counsel: (a) counsel to Plaintiff
DO NOT CALL OR WRITE THE COURT REGARDING THIS NOTICE.