NEW YORK, April 29, 2023 (GLOBE NEWSWIRE) — The law firm of Rosen, PA, announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement by which the Buyers securities of 6D Global Technologies, Inc. would benefit:
SUMMARY NOTICE OF PENDING AND PROPOSED RESOLUTION OF CLASS ACTION
TO: ALL PERSONS WHO OWN PUBLICLY TRADE 6D GLOBAL TECHNOLOGIES, INC. SECURITIES FROM JUNE 16, 2014 TO SEPTEMBER 10, 2015, BOTH DATES INCLUDED
YOU ARE HEREBY NOTIFIED, pursuant to orders of the United States District Court for the Southern District of New York, that a hearing will be held on October 6, 2023 at 10:00 a.m. before the Honorable Denise L. Cote, United States District Judge of the Southern District of New York, 500 Pearl Street, Courtroom 18B, New York, New York 10007 for the purposes of determining: (1) whether the proposed settlement of the remaining claims in the above action should have consideration of $260,000 deemed by the court be recognized fairly, reasonably and appropriately; (2) whether the proposed settlement proceeds distribution plan is fair, reasonable and reasonable; (3) whether Class Counsel’s request of up to $86,666.67, one-third of the Settlement Fund plus interest for an award of Class Counsel’s attorneys’ fees and reimbursement of their costs of no more than $70,000 and incentive payments of no more than $7,000 to Plaintiffs should be approved; and (4) whether the claims against the Settlement Defendant should be dismissed unconditionally.
If you purchased 6D Global publicly traded securities during the period from June 16, 2014 through September 10, 2015 (the “Settlement Class Period”), your rights may be affected by this Settlement, including the release and cessation of any claims you may have in own interest in your ownership interests in securities of 6D Global. You may request copies of the detailed notice from…
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