This site provides information concerning the Wonder Auto Technology Inc. (“WATG”)
Settlement Fund created by the settlement of a securities case brought by Lead Plaintiffs
in a class action initiated in the United States District Court for the Southern
District of New York.Within this site, you will find information about key dates,
your legal rights and options, related case documents, and contact information.
The Settlement Fund is comprised of $3,000,000. Your recovery will depend on the
number of shares of WATG publicly traded securities purchased or acquired between
March 30, 2009 and May 6, 2011, inclusive, and the timing of your purchases and
any sales.
Key Dates
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Claim Submission Deadline:
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April 15, 2013
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Exclusion Deadline:
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March 16, 2013
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Objection Deadline:
(and/or Deadline for Request to be Heard by the Court)
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May 8, 2013
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Fairness Hearing:
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May 29, 2013
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Your Legal Rights And Options
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SUBMIT PROOF OF CLAIM AND RELEASE (“PROOF OF CLAIM”) BY APRIL 15, 2013.
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This is the only way to be eligible to receive a payment from the Settlement Fund.
If you are a Settlement Class Member and you remain in the Settlement Class, you
will be bound by the Settlement as approved by the Court and you will give up any
Released Claims (as defined in ¶73 of the Notice) that you have against WATG and
the other Released Parties (defined in ¶74 of the Notice). If you remain in the
Settlement Class, it is in your interest to submit a Proof of Claim.
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EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO
THAT IT IS RECEIVED NO LATER THAN MARCH 16, 2013.
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If you exclude yourself from the Settlement Class, you will not be eligible to get
any payment from the Settlement Fund. This is the only option that allows you to
ever be part of any other lawsuit against any of WATG or the other Released Parties
concerning the Released Claims.
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OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED
NO LATER THAN MAY 8, 2013.
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If you do not like the proposed settlement with WATG, the proposed Plan of Allocation,
or the request for attorneys’ fees and reimbursement of expenses, you may write
to the Court and explain why you do not like them. You cannot object to the Settlement,
the Plan of Allocation or the fee and expense request unless you are a Settlement
Class Member and have not excluded yourself.
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GO TO THE HEARING ON MAY 29, 2013 AT 2:30 P.M., AND FILE A NOTICE OF INTENTION TO
APPEAR SO THAT IT IS RECEIVED NO LATER THAN MAY 8, 2013.
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Filing a written objection and notice of intention to appear by May 8, 2013 allows
you to speak in Court about the fairness of the proposed Settlement, the Plan of
Allocation, or the request for attorneys’ fees and reimbursement of expenses. If
you submit a written objection, you may (but do not have to) attend the hearing
and speak to the Court about your objection.
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DO NOTHING.
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If you are a member of the Settlement Class and you do not submit a Proof of Claim
by April 15, 2013, you will not be eligible to receive any payment from the Settlement
Fund. You will, however, remain a member of the Settlement Class, which means that
you give up your right to sue about the claims that are released by the Settlement
and you will be bound by any judgments or orders entered by the Court in the Action.
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