San Diego, CA: To all persons and entities who purchased or otherwise acquired Dendreon Common stock between April 29, 2010 and August 3, 2011, inclusive, a proposed $40 million settlement has been reached in the pending securities class action lawsuit (re Dendreon Corportion Class Action Litigation).
If you purchased or otherwise acquired Dendreon common stock at any time between April 29, 2010 and August 3, 2011, inclusive, and were damaged thereby, you may be potentially eligible to share in the distribution of the settlement fund if you submit a claim form no later than September 7, 2013, establishing that you may be entitled to a recovery.
If you purchased or otherwise acquired Dendreon common stock at any time between April 29, 2010 and August 3, 2011, inclusive, and were damaged thereby, you have the right to object to the settlement, the plan of allocation and/or the request by Lead Counsel for an award of attorneys' fees and expenses, or otherwise request to be heard, by submitting for receipt no later than July 12, 2013, a written objection in accordance with the procedures described in a more detailed notice that has been mailed to persons known to be purchasers or other acquirers of Dendreon common stock between April 29, 2010 and August 3, 2011, inclusive.
You also have the right to exclude yourself from the class by submitting for receipt no later than July 12, 2013, a written request for exclusion from the Class in accordance with the procedures described in the more detailed notice. If the settlement is approved by the Court, you will be bound by the settlement and the Court's final order and judgment, including the releases provided for in the final order and judgment, unless you submit a timely and valid request to be excluded.
A hearing will be held with respect to the settlement on August 2, 2013. The purpose of the hearing is to determine whether the proposed settlement of the securities class action claims asserted in this litigation, pursuant to which Defendants will pay or cause to be paid the sum of $40,000,000.00 in cash into a settlement fund in exchange for the dismissal of the litigation and a release of claims against Defendants and their related persons and entities, should be approved by the Court as fair, reasonable, adequate and in the best interests of the Class, which includes all persons and entities who purchased or otherwise acquired Dendreon common stock between April 29, 2010 and August 3, 2011, inclusive, excluding the Defendants, and their Related Persons (as defined in the Stipulation of Settlement).
To obtain complete information about this proposed settlement and to download forms visit: www.DendreonSecuritiesLitigation.com
