Xerium XRM Securities Stock Fraud

Company:	Xerium
Ticker Symbol:	XRM
Class Period:	May-16-05 to Nov-15-05
Date Filed:	Dec-12-08
Lead Plaintiff Deadline:	Feb-10-09
Court:	District Court for the District of Massachusetts
Allegations:

To all persons who purchased the common stock of Xerium Technolgies Inc, pursuant and/or traceable to Xerium's initial public offering of common stock between May 16, 2005 and November 15 2005, you are hereby notified that pursuant to an order of the United States District Court for the District of Massachusetts, a hearing will be held for the purpose of determining: (1) whether the proposed settlement of the claims in the litigation described in the detailed Notice of Pendency and Settlement of Class Action (the "Notice") for the sum of $3,600,000 in cash (the "Settlement Fund") should be approved by the Court as fair, reasonable and adequate; (2) whether, thereafter, this litigation should be dismissed with prejudice as set forth in the Stipulation of Settlement dated as of November 3, 2008 (the "Stipulation"); (3) whether the plan of allocation is fair, reasonable and adequate and therefore should be approved; and (4) whether the application of Plaintiffs' Counsel for the payment of attorneys' fees and expenses incurred in connection in this litigation should be approved.

If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than March 10, 2009, establishing that you are entitled to recovery.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Xerium XRM Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Xerium securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.