Published: July 30, 2010
Milberg LLP and Robbins Geller Announce the Proposed Settlement of a Securities Class Action Lawsuit on Behalf of Purchasers of the Common Stock of JAKKS Pacific, Inc. During the Time Period from December 3, 1999 Through and Including October 19, 2004
NEW YORK - (BUSINESS WIRE) - In the United States District Court for the Southern District of
New York, in In re JAKKS Pacific, Inc. Shareholders Class Action
Litigation, Civil Action No. 04-CV-8807 (RJS), a summary notice has
been issued as follows:
Summary Notice of Pendency of Class Action, Proposed Settlement
and Settlement Hearing
TO: all persons ("Class" or "Class Members" ) who
purchased shares of the common stock of JAKKS Pacific, Inc. ("JAKKS" )
during the time period from December 3, 1999 through and including
October 19, 2004 (the "Class" ).
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules
of Civil Procedure and an order of the United States District Court for
the Southern District of New York, that a hearing will be held on
October 19, 2010, at 10:00 a.m., before the Honorable Richard J.
Sullivan, at the Daniel Patrick Moynihan U.S. Courthouse, 500 Pearl
Street, New York, New York 10007, for the purpose of determining:
(1) whether the proposed settlement of the claims asserted by Lead
Plaintiffs in the captioned class action (the "Litigation" ) against
Defendants JAKKS, Jack Friedman, Steven G. Berman and Joel M. Bennett
(collectively, "Defendants" ) for the sum of $3,925,000 (the "Settlement
Fund" ) in cash pursuant to the terms set forth in the Stipulation of
Settlement dated November 2, 2009 (the "Stipulation" ) should be approved
by the Court as fair, reasonable and adequate; (2) whether, thereafter,
the Litigation should be dismissed with prejudice as set forth in the
Stipulation; (3) whether the proposed Plan of Allocation is fair,
reasonable and adequate and therefore should be approved; and
(4) whether the application of Plaintiffs' Co-Lead Counsel for the
payment of attorneys' fees and expenses incurred in connection with the
Litigation should be approved.
If you purchased shares of JAKKS common stock during the period
from December 3, 1999 through and including October 19, 2004, your
rights may be affected by the settlement of the Litigation, which is
described in the detailed Notice of Pendency of Class Action and
Proposed Settlement, Motion for Attorneys' Fees and Settlement Fairness
Hearing (the "Notice" ). The Notice also describes the
proposed settlement and the steps Class Members must take to share in
the proposed settlement, request exclusion from the Class, or object to
the proposed settlement and any application for attorneys' fees and
expenses. If you have not yet received copies of the Notice
and the Proof of Claim and Release (the "Proof of Claim" ), you may
obtain copies of these documents by contacting the Claims Administrator:
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In re Jakks Pacific Securities Litigation
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c/o Gilardi & Co. LLC, Claims Administrator
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P.O. Box 8040
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San Raphael, CA 94912-8040
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(888) 878-1361
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www.gilardi.com/jakks
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Inquiries, other than requests for the forms of Notice and Proof
of Claim, may be made to Plaintiffs' Co-Lead Counsel:
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Ellen Gusikoff Stewart, Esq.
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ROBBINS GELLER RUDMAN & DOWD LLP
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655 West Broadway, Suite 1900
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San Diego, CA 92101
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(619) 231-1058
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Matthew A. Kupillas, Esq.
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MILBERG LLP
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One Penn Plaza
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New York, NY 10119-0165
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(212) 594-5300
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If you are a Class Member, in order to share in the distribution
of the Net Settlement Fund, you must submit a Proof of Claim postmarked
no later than November 18, 2010, establishing that you are entitled to
recovery. If you are a Class Member and do not submit a
proper Proof of Claim, you will not share in the Settlement but you
nevertheless will be bound by any judgment entered in the Litigation.
If you desire to be excluded from the Class, you must submit a
request for exclusion postmarked by September 28, 2010, in the manner
and form explained in the detailed Notice referred to above. All
Class Members who have not requested exclusion from the Class will be
bound by any judgment entered in the Litigation.
Any objection to the settlement must be mailed or delivered such
that it is received by the Court and by counsel no later than September
28, 2010.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING
THIS NOTICE. If you have any questions about the
settlement, you may contact Plaintiffs' Co-Lead Counsel at the addresses
listed above.
By Order of The United States District Court for the Southern
District of New York

Robbins Geller Rudman & Dowd LLP
Ellen Gusikoff Stewart, Esq.,
619-231-1058
or
Milberg LLP
Matthew A. Kupillas, Esq.,
212-594-5300
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