Genoptix Securities Settlement Website
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Genoptix Securities Settlement Website

This website has been established to provide general information regarding the proposed Settlement of the Genoptix Securities Litigation, Case No.:3:10-cv-02502-CAB-DHB, pending in the United States District Court for the Southern District of California. The capitalized terms used on this website and not defined herein shall have the same meanings ascribed to them in the Stipulation of Settlement dated February 10, 2014.

This Litigation alleges that Genoptix and certain of its executives violated the federal securities laws by falsely representing throughout the Class Period the true level of demand for the Company's core product -diagnostic testing services for cancers of the blood and bone marrow - by its primary customers - hematologists and oncologists operating private practices. Lead Plaintiff alleges that when Defendants disclosed the truth about the Company's financial results and the demand for the Company's core product, Class Members suffered damages as a result of the decline in the price of Genoptix Publicly Traded Securities. 

Defendants deny all of Lead Plaintiff's allegations and further deny that they did anything wrong.

The Class includes all Persons who purchased or acquired Genoptix common stock and/or put and call options beginning on July 31, 2009 and through and including June 16, 2010.

Genoptix has agreed to pay or cause to be paid $7,700,000 in cash (the "Settlement Fund"). The Settlement Fund, plus interest earned from the date it is established, less costs, fees, and expenses (the "Net Settlement Fund"), will be divided among all eligible Class Members who send in valid Proofs of Claim ("Authorized Claimants"). Costs, fees, and expenses include Court-approved attorneys' fees and expenses and the expenses of Lead Plaintiff, the costs of notifying Class Members, including the costs of printing and mailing this Notice; the cost of publishing newspaper notice, the costs of claims administration; and taxes on the Settlement Fund.

The Court appointed the law firm of Robbins Geller Rudman & Dowd LLP to represent you and other Class Members. These lawyers are called Lead Counsel. 

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice of Proposed Settlement of Class Action and Stipulation of Settlement, both of which can be found and downloaded by clicking on the Case Documents tab above. We recommend that you read the Notice and other relevant case documents carefully.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

SUBMIT A PROOF OF CLAIM FORM If you are a Class Member and do not exclude yourself from the Class, the only way to get a payment is to submit a Proof of Claim form. You may submit a Proof of Claim form and still object to any aspect of the Settlement, the request for an award of attorneys' fees and expenses and/or the Plan of Allocation. If you submit a Proof of Claim form, you give up your right to participate in another lawsuit against the Defendants for the legal claims in this case. See Answer to Question 12 for a more detailed description of what you are giving up if you submit a Proof of Claim form.
EXCLUDE YOURSELF Get no payment. This is the only option that allows you to participate in another lawsuit against the Defendants for the legal claims being released in this case.
OBJECT If you are a Class Member and do not exclude yourself from the Class, you may write to the Court if you do not like the Settlement, the request for attorneys' fees and expenses, or the Plan of Allocation. If you submit an objection to the Settlement, Plan of Allocation or the request for an award of attorneys' fees and expenses and do not submit a claim form seeking payment from the Settlement proceeds, your objection may be rejected because you would not have an interest in the Settlement.
GO TO A HEARING You may ask to speak in Court about the fairness of the Settlement, the request for attorneys' fees and expenses, or the Plan of Allocation.
DO NOTHING If you do nothing, you will not receive any payment, will not be allowed to object to the Settlement and will give up your right to participate in another lawsuit against the Defendants for the legal claims in this case. See Answer to Question 12 for a more detailed description of what you are giving up if you do nothing.

 DEADLINES

Submit Claim: July 7, 2014
Request Exclusion: May 22, 2014
File Objection: May 22, 2014
Court Hearing on Fairness of Settlement: June 20, 2014 at 3:00 p.m.