Overview
WELCOME TO THE NATHAN V. MATTA ET AL SHAREHOLDERS LITIGATION WEBSITE
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action and Proposed Settlement with Ernst & Young LLP and Motion for Attorneys’ Fees and Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
This case arises out of a merger between Rentrak Corporation and comScore, Inc. in which shares of comScore common stock were issued to Rentrak stockholders on the closing of the Transaction on January 29, 2016 (the “Transaction”). comScore has since disclosed that the Registration Statement used in connection with the Transaction and the issuance of comScore shares to the Rentrak stockholders contained inaccurate financial information that can no longer be relied upon. Ernst & Young was comScore’s independent auditor since 2000, and thus served as the independent auditor for certain of comScore’s financial statements that were included in the Registration Statement.
Court-appointed Class Representative, John Hulme, has reached a proposed settlement in the amount of $4,750,000 in cash (the “Settlement”) on behalf of the Class. The Settlement will resolve all claims against the Releasees (as defined in the Notice) in this class action.
If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Class consists of:
all record and beneficial holders of Rentrak Corporation stock whose Rentrak Corporation stock was, upon the closing of the merger between Rentrak and comScore, Inc. (“comScore”) on January 29, 2016, converted to comScore stock issued pursuant to comScore’s registration statement on Form S-4 (File No. 333-207714), filed with the Securities and Exchange Commission and declared effective on December 23, 2015 (the “Registration Statement”), except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 5 of the Notice) or who request exclusion pursuant to the instructions set forth in paragraph 13 of the Notice.
Please read the Notice to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than November 22, 2018. Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
| IMPORTANT DEADLINES | |
| NOVEMBER 22, 2018 CLAIM FILING DEADLINE |
The only way to get a payment is to submit a claim form in connection with this Settlement (see paragraph 10 of the Notice). |
| OCTOBER 23, 2018 EXCLUSION DEADLINE |
You get no payment. This is the only option for you to remove yourself from the Class and potentially pursue claims against EY and any released parties as defined in the Settlement Agreement. |
| OCTOBER 23, 2018 OBJECTION DEADLINE |
Write to the Court and object to the Settlement, the proposed Plan of Allocation and/or the motion for attorneys’ fees and expenses. You will not be excluded from the Class. |
| NOVEMBER 13, 2018 SETTLEMENT HEARING |
Attend the Settlement Hearing and/or ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and expenses, see the instructions in the Notice. The hearing will be held on November 13, 2018 at 8:30 a.m. at the Circuit Court for the State of Oregon for the County of Multnomah, 1021 SW 4th Ave, Portland, Oregon. |
| DO NOTHING | You will not get a payment if you do not submit a claim and you give up any future rights you might have should you exclude yourself or object. |