Hearing set for May 8, 2023 at 10:00am will now be held by video conference.
Topic: Meade v. EMC Insurance Group LACL146098.
Time: May 8, 2023 10:00 AM Central Time (US and Canada)
Join ZoomGov Meeting
https://iowacourts.zoomgov.com/j/1605912734?pwd=cGhVYURSKys2cnRQMWdMdUhMYVdkdz09
Meeting ID: 160 591 2734
Passcode: 186288
Recording or rebroadcasting of a court proceeding held by video or telephone
conference, including pictures, screenshots, or other visual or audio copying, is
prohibited absent an expanded news media coverage order. Any violation may
result in contempt of court or other sanctions. Please note judicial branch staff
may be recording this proceeding.
TO: ALL RECORD HOLDERS AND ALL BENEFICIAL HOLDERS OF EMC INSURANCE GROUP INC. (“EMCI” OR THE “COMPANY”) COMMON STOCK WHO PURCHASED, SOLD, OR HELD SUCH STOCK DURING THE PERIOD FROM AND INCLUDING JULY 1, 2018, THE DATE THE MERGER AGREEMENT WAS EXECUTED CONCERNING THE MERGER BETWEEN EMPLOYERS MUTUAL CASUALTY COMPANY (“EMCC”) AND EMCI (“THE TRANSACTION”), THROUGH AND INCLUDING SEPTEMBER 19, 2019, THE DATE THE TRANSACTION WAS CONSUMMATED (“CLOSING DATE”), INCLUDING ANY AND ALL OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS, TRUSTEES, EXECUTORS, ADMINISTRATORS, ESTATES, LEGAL REPRESENTATIVES, HEIRS, ASSIGNS AND TRANSFEREES (THE “SETTLEMENT CLASS”).
Pursuant to an Order of the District Court for Polk County, Iowa, that a hearing will be held on May 8, 2023, at 10:00 a.m., before the Honorable Lawrence P. McLellan. Settlement class members should check this Settlement Class website in advance of the Settlement Hearing to determine whether that hearing will occur in person at the District Court for Polk County, Polk County Courthouse, 500 Mulberry Street, Des Moines, Iowa 50309, or via a remote link. The hearing will be held for the purpose of determining: (a) whether the Court should grant final approval of the proposed Settlement of $1.65 million on the terms and conditions provided for in the Stipulation as fair, reasonable, and adequate, and in the best interests of the Settlement Class Members; (b) whether the Settlement Class should be finally certified for purposes of Settlement, and whether the designation of Plaintiff as Class Representative, Plaintiff’s Counsel as Co-Class Counsel, and Monteverde & Associates P.C. as Lead Counsel should be made final; (c) whether the Court should approve the Plan of Allocation of the Settlement as fair, reasonable, and adequate, and in the best interests of the Settlement Class Members; (d) whether the Court should enter an Order and Final Judgment dismissing the Action on the merits and with prejudice as to the Defendants and effectuating the releases described in the Stipulation; (e) whether the application of Lead Counsel for the payment of attorneys’ fees and expenses and an incentive award for Plaintiff should be approved; and (f) such other matters as may properly come before the Court.
IF YOU PURCHASED, SOLD, OR HELD EMCI COMMON STOCK DURING THE PERIOD FROM AND INCLUDING JULY 1, 2018, THROUGH AND INCLUDING SEPTEMBER 19, 2019 (THE “SETTLEMENT CLASS PERIOD”), YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION, INCLUDING THE RELEASE AND EXTINGUISHMENT OF CLAIMS YOU MAY POSSESS RELATING TO YOUR PURCHASE OR ACQUISITION OF EMCI COMMON STOCK DURING THE SETTLEMENT CLASS PERIOD.
If you purchased, sold, or held EMCI common stock during the Settlement Class Period and you desire to be excluded from the Settlement Class, you must submit a request for exclusion so that it is received no later than April 17, 2023, in the manner and form explained in the detailed Notice referred to above. All Settlement Class Members who do not timely and validly request exclusion from the Settlement Class will be bound by any judgment entered in the Litigation pursuant to the Stipulation and Agreement of Compromise, Settlement, and Release
Any objection to the Settlement, the Plan of Allocation, Plaintiff’s Counsel’s request for the payment of attorney’s fees and expenses, and any incentive award to Plaintiff must be received by each of the recipients listed under Question 18 of the Notice, via hard copy and email no later than April 17, 2023.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Monteverde & Associates PC at:
Juan E. Monteverde
Monteverde & Associates PC
The Empire State Building
350 Fifth Avenue, Suite 4405
New York, New York 101189
Email: jmonteverde@monteverdelaw.com