United States District Court Northern District of California, Oakland Division
Case No. 4:18-cv-01523-JSW
Update: On August 7, 2023, the Net Settlement Fund was distributed on a pro rata basis to all Authorized Claimants. The distribution was calculated in accordance with the Court-approved Plan of Allocation described in the Notice.
NOTICE OF PENDENCY OF CLASS ACTION
Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”), pending in the United States District Court for the Northern District of California, Oakland Division, (the “Court”), if, during the period from May 6, 2016 through March 1, 2018, inclusive (the “Settlement Class Period”), you purchased or otherwise acquired WageWorks, Inc. common stock in the open market and were damaged thereby and/or purchased WageWorks common stock in the June 19, 2017 public offering priced at $69.25 per share and were damaged thereby.
NOTICE OF SETTLEMENT
Please also be advised that the Court-appointed Lead Plaintiffs, the Public Employees’ Retirement System of Mississippi, the Government Employees’ Retirement System of the Virgin Islands, and the Public Employees Retirement System of New Mexico (collectively “Lead Plaintiff”), on behalf of themselves and the Settlement Class (as defined in paragraph 1 below), have reached a proposed settlement of the Action for $30,000,000.00 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).
YOUR LEGAL RIGHTS AND OPTIONS
FILE A CLAIM
To qualify for payment, you must have submitted a Proof of Claim and Release Form to the Settlement Administrator. Proof of Claim and Release Forms must have been mailed or submitted electronically by September 14, 2021.
EXCLUDE YOURSELF
The exclusion deadline has now passed. To exclude yourself, you must have sent a written “Request for Exclusion” so that it was received no later than July 30, 2021.
OBJECT
The objection deadline has now passed. Your objection must have been received no later than July 30, 2021.
GO TO A HEARING
The Fairness Hearing has taken place. The Settlement was approved. For details, see the Final Judgment and Order dated August 20, 2021.
DO NOTHING
If you are a Settlement Class Member and you do nothing, you will not get any money from the Settlement. You will remain in the Settlement Class and be bound by the decisions of the Court in this matter.
This website is authorized by the Court, supervised by counsel and controlled by Kroll Settlement Administration, the Settlement Administrator approved by the Court. This is the only authorized website for this case.
Contact us with any inquiries, comments, and/or requests.
Important Dates
Exclusion Deadline.
Friday, July 30, 2021
The exclusion deadline has passed. You must have completed and mailed your request for exclusion form so that it was received no later than Friday, July 30, 2021.
Objection Deadline.
Friday, July 30, 2021
The objection deadline has passed. You must have mailed your objection(s) and/or notice of intent to appear at the Final Approval Hearing so that it/they were received no later than Friday, July 30, 2021.
Claim Form Deadline.
Tuesday, September 14, 2021
The claim form deadline has passed. You must have submitted your Claim Form no later than Tuesday, September 14, 2021, or mail your completed paper Claim Form so that it was postmarked no later than Tuesday, September 14, 2021.
Settlement Hearing Date
Friday, August 20, 2021
The Settlement Hearing took place on Friday, August 20, 2021. The settlement was approved.
