If you acquired Harris Stratex Networks, Inc. (“HSTX”) common stock (Trading Symbol NASDAQ: HSTX) from January 29, 2007, through July 30, 2008, inclusive, including if you are a former shareholder of Stratex Networks, Inc. who acquired shares of HSTX pursuant or traceable to HSTX’s Registration Statement and Prospectus (“Registration Statement”) that became effective on January 8, 2007, you could get a payment from a class action settlement.
A class action settlement has been reached in a class action lawsuit against Harris Corporation (“Harris”), Harris Stratex Networks, Inc. (“Harris Stratex Networks” or “HSTX”) and certain former HSTX officers and/or directors (collectively “Defendants”) (styled Dutton v. Harris Stratex Networks, Inc. et al, Case No. 1:08-cv-00755-LPS) alleging, among other things, that HSTX, certain of its officers and directors, and Harris Corporation violated the federal securities laws by including materially untrue and/or misleading statements and/or omissions in, among other things, HSTX’s Registration Statement and Prospectus that became effective on January 8, 2007 regarding HSTX’s total cost of product sales and services, selling and administrative expenses, and assets, according to the Harris Stratex Networks HSTX Securities class action lawsuit settlement notice.
The Harris Stratex Networks HSTX securities class action lawsuit settlement class reportedly consists of the following class certified by the court, for settlement purposes only:
All Persons that acquired the common stock of HSTX between January 29, 2007 and July 30, 2008, inclusive, including former shareholders of Stratex Networks, Inc. who acquired shares of HSTX pursuant or traceable to HSTX’s Registration Statement.
The Harris Stratex Networks HSTX securities class action lawsuit settlement will reportedly provide an Eight Million Nine Hundred Thousand Dollar ($8,900,000) cash Settlement Fund for the benefit of investors that acquired the common stock of HSTX between January 29, 2007 and July 30, 2008, inclusive, including former shareholders of Stratex Networks who acquired shares of HSTX pursuant or traceable to HSTX’s Registration Statement (“Class Members”), and held them until at least after January 30, 2008 or July 30, 2008, depending on the date of purchase.
The Court will reportedly hold a Settlement Hearing at 1:00 p.m. on September 16, 2011, at the United States Courthouse, J. Caleb Boggs Federal Building, 844 N. King Street, Courtroom 6B, Wilmington, DE 19801-3556 to consider whether the Harris Stratex Networks HSTX settlement is fair, reasonable, and adequate.
For additional info on the Harris Stratex Networks HSTX securities class action lawsuit settlement, including class member options and deadlines, visit the Dutton v Harris Stratex Securities Litigation Website:
www.harrisstratexsecuritieslitigation.com
If You Have Thoughts On Harris Stratex Networks HSTX Securities Class Action Settlement, Share Your Settlement Thoughts Below.
We received a Deficiency Notice that was to be responded to by March 6, 2012. The claim number is 1000155. We do not understand what data we need to complete this transaction. We have repeatedly tried to speak to a representative concerning this matter. Therefore we are sending a copy of the confirmation notice dated 8/21/07 together with a copy of the Deficiency Notice. Please advise us if there is any other information needed. Thank you. Allen and Marilyn Goeman