Welcome to the Constant Contact Securities Litigation Website
This website has been established to provide general information related to the proposed settlement of the case captioned McGee v. Constant Contact, Inc., et al., No. 1:15-cv-13114-MLW (the "Litigation"), pending before the United States District Court for the District of Massachusetts (the "Court"). The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation of Settlement (the "Stipulation") dated May 18, 2018, which can be found and downloaded by clicking on the Case Documents tab above. Your rights may be affected by the Settlement if you purchased or otherwise acquired Constant Contact, Inc. ("Constant Contact") common stock during the period from July 25, 2014, through and including July 23, 2015 (“Class Period”).
The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. You will not be charged for these lawyers. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. If you want to be represented by your own lawyer, you may hire one at your own expense.
WHAT IS THIS LAWSUIT ABOUT?
As more fully described in the Notice of Proposed Settlement of Class Action (the "Notice"), the initial complaint in this action was filed on August 7, 2015. On September 21, 2016, the Court appointed Lead Plaintiff and Robbins Geller Rudman & Dowd LLP as Lead Counsel.
On March 27, 2018, the parties engaged in a successful mediation session with Michelle Yoshida, Esq. of Phillips ADR Enterprises, P.C., a nationally recognized mediator. These efforts culminated with the parties agreeing to settle the Litigation for $13,000,000, subject to the negotiation of the terms of a Stipulation of Settlement and approval by the Court.
WHAT DOES THE SETTLEMENT PROVIDE?
The Settlement, if approved, will result in the creation of a cash settlement fund of $13,000,000 (the “Settlement Amount”). The Settlement Amount, plus accrued interest (the “Settlement Fund”) and minus the costs of the Notice and all costs associated with the administration of the Settlement, as well as any attorneys’ fees and expenses that may be approved by the Court (the “Net Settlement Fund”), will be distributed to eligible Class Members pursuant to the Plan of Allocation that is described in the Notice.
ADDITIONAL INFORMATION
Although the information in this website is intended to assist you, it does not replace the information contained in the Notice and Stipulation, 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 |
The only way to be eligible to receive a payment from the Settlement. Unless otherwise extended by the Court, Proof of Claim forms must be postmarked (if mailed) or received (if submitted online) on or before April 13, 2020. |
| EXCLUDE YOURSELF |
Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants or any other Released Persons about the legal claims being resolved by this Settlement. Unless otherwise extended by the Court, exclusions must be postmarked on or before April 24, 2020. |
| OBJECT |
Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and expenses. You will still be a Member of the Class. Unless otherwise extended by the Court,objections must be received by the Court and counsel for the Settling Parties on or before April 24, 2020. |
| GO TO THE HEARING ON MAY 27, 2020, AT 2:00 P.M. ET |
Ask to speak in Court about the fairness of the Settlement. Unless otherwise extended by the Court, requests to speak must be received by the Court and counsel for the Settling Parties on or before April 24, 2020. |
| DO NOTHING |
Receive no payment. You will, however, still be a Member of the Class, which means that you give up your right to ever be part of any other lawsuit against the Defendants or any other Released Persons about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Litigation. |
IMPORTANT DATES AND DEADLINES
| Submit Proof of Claim: |
April 13, 2020 |
| Request Exclusion: |
April 24, 2020 |
| File Objection: |
April 24, 2020 |
| File Notice of Intention to Appear: |
April 24, 2020 |
| Court Hearing on Fairness of Settlement: |
May 27, 2020, at 2:00 p.m. ET |