CAMDEN, N.J., Jan. 10, 2011 (GLOBE NEWSWIRE) -- Reed Smith LLP today announces that the United States District Court for the District of New Jersey Camden Vicinage has approved the following announcement of a class action settlement that would benefit purchasers of securities of Jasmine, LTD. (JSMN):
TO: ALL PERSONS WHO PURCHASED JASMINE, LTD. ("JASMINE") SECURITIES DURING THE PERIOD FROM DECEMBER 15, 1993 THROUGH AND INCLUDING JUNE 20, 1995.
YOU ARE HERBY NOTIFIED, that a class has been certified in this litigation by the United States District Court for the District of New Jersey and that a settlement in the amount of $650,000 has been reached for the benefit of this Class among the Class Representative and one of the Defendants, Fishbein & Company, P.C. ("Fishbein").
If you purchased Jasmine common stock between December 15, 1993 and June 20, 1995 inclusive, you are eligible to participate in this settlement. If you want to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim postmarked no later thanApril 21, 2011, establishing that you are entitled to recovery. Please submit a Proof of Claim to:
Any questions you have about the matter in this notice should not be directed to the Court, but may be directed in writing to:
PLEASE DO NOT DIRECT ANY QUESTIONS TO THE COURT OR THE CLERK'S OFFICE.
CONTACT: Strategic Claims Services (610) 565-9202 Fax: (610) 565-7985 600 N. Jackson Street, Suite 3 Media, PA 19063
