W2007 Grace Acquisition I, Inc. Preferred Shareholder Litigation FAQ (Updated 9/13/15):
Updates about the Settlement: The final approval hearing was held on September 11, 2015 in Courtroom 2 of the United States District Court for the Western District of Tennessee, 167 North Main Street, 11th Floor, Memphis, Tennessee 38103, to determine whether: (i) the proposed settlement should be approved, (ii) the proposed Plan of Allocation should be approved; and (iii) Class Counsel’s application for attorneys’ fees and litigation expenses and case contribution awards to the Named Plaintiffs should be approved. The Court has not issued its decision on the proposed settlement. Once issued, the Court’s ruling and any order will be posted on this website. Your patience is appreciated.