Aztar Issues Summary Notice of Proposed Settlement
September 11 2006 - 8:33AM
PR Newswire (US)
PHOENIX, Sept. 11 /PRNewswire-FirstCall/ -- Aztar Corporation
(NYSE:AZR) today issued the following notice: SUMMARY NOTICE OF
PROPOSED SETTLEMENT TO: All Persons who beneficially owned Aztar
common stock at any time between February 15, 2005 and the date of
the consummation of the Acquisition, or if the Acquisition is not
consummated, through and including the record date for voting
thereon (the "Settlement Class"). YOU ARE HEREBY NOTIFIED that
lawsuits (the "Actions") have been certified as class actions for
purposes of a proposed settlement entered into among Robert
Glasmann and Plumbers Local Union No. 519 Pension Trust Fund
(Representative Plaintiffs), on the one hand, and Aztar Corporation
("Aztar"), Robert M. Haddock, John B. Bohle, John A. Spencer, Frank
J. Brady, Gordon M. Burns, and Linda C. Faiss (collectively, the
"Aztar Defendants"), on the other hand. A hearing will be held
before the Honorable Robert E. Miles at the Superior Court of
Arizona, Maricopa County, 125 West Washington, Phoenix, AZ 85003,
at 4:00 p.m., on November 21, 2006 to determine whether the
proposed Settlement should be approved by the Court as fair,
reasonable, and adequate and to consider the application of
Representative Plaintiffs' Counsel for attorney fees and
reimbursement of litigation expenses. IF YOU ARE A MEMBER OF THE
CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY THE
SETTLEMENT. If you are a member of the Settlement Class and have
not yet received the Notice of Proposed Settlement (the "Notice"),
you may obtain copies of this document by contacting: Joe Cole,
Vice President, Corporate Communications, Aztar Corporation, 2390
East Camelback Road, Suite 400, Phoenix, Arizona 85016, (602)
381-4111. If you are a member of the Settlement Class, unless you
exclude yourself from the Settlement Class, you will be bound by
any judgments entered in the Actions. If you desire to be excluded
from the Settlement Class, you must file a request for exclusion by
November 8, 2006, in the manner and form explained in the Notice.
All Settlement Class Members who do not request exclusion from the
Settlement Class will be bound by any judgments entered in the
Actions. Any objection to the proposed Settlement or application
for attorney fees and reimbursement of litigation expenses must be
filed with the Court and delivered to counsel for the parties no
later than November 15, 2006 in the manner and form set forth in
the Notice. PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE
REGARDING THIS NOTICE. Dated: September 7, 2006 By Order of the
Clerk of the Court Superior Court of Arizona, Maricopa County
Contact: Joe Cole Aztar Corporation 602-381-4111 DATASOURCE: Aztar
Corporation CONTACT: Joe Cole, Aztar Corporation, +1-602-381-4111
Copyright
Aztar (NYSE:AZR)
Historical Stock Chart
From May 2024 to Jun 2024
Aztar (NYSE:AZR)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Aztar (New York Stock Exchange): 0 recent articles
More Aztar Cp News Articles