RiceBran Technologies (RIBT)

[wow_happens28]

Class Action Lawsuit approved.

This from the Yahoo poster, ntrzhound, who has access to court records. I expect a PR from Short Monday morning before the market opens.>>

Class action 2-Oct-10 03:31 am
10/01/2010 - Minute Entry for proceedings held before Judge Frederick J Martone: Settlement Conference held on 10/1/2010. Appearances for Plaintiffs: Laurence Rosen, Richard Himelrick and James Christian. Appearances for Defendants: James Burgess, Pamela Johnston (by telephone), Michael Matthews (by telephone), and Sara Brody. Also present: S. Cary Forrester, Bankruptcy counsel for NutraCea. Discussion held re: fairness of settlement and request for fees. As set forth on the record, the Court finds that the settlement is fair, reasonable and adequate within the meaning of Rule 23 of the Federal Rules of Civil Procedure. Motion for Class Certification 94 is granted. Motion In Support of Final Approval of Class Action Settlement and Plan of Allocation 109 is granted with written order to follow. Motion for an Award of Attorneys' Fees and Reimbursement of Expenses 110 is granted with written order to follow. The objections that have been filed are overruled. (Court Reporter Linda Schroeder.)(This is a TEXT ENTRY ONLY. There is no PDF document associated with this entry.)(KAR) (Entered: 10/01/2010)