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In re Handy & Harman, LTD. Stockholders Litigation
In the Court of Chancery of the State of Delaware
CONSOLIDATED C.A. No 2017-0882-TMR
|UPDATE: THE NET SETTLEMENT FUND WAS DISTRIBUTED ON APRIL 27, 2020. ELIGIBLE CLASS MEMBERS RECEIVED PAYMENT AT A RATE OF APPROXIMATELY $8.05 PER SHARE OF HANDY & HARMAN LTD. COMMON STOCK FOR WHICH THEY RECEIVED THE VOLUNTARY OR MANDATORY TRANSACTION CONSIDERATION.|
If you were a record holder or beneficial owner of common stock of Handy & Harman, Ltd. (“H&H”) (a) who tendered common stock of H&H in exchange for preferred shares of Steel Partners Holdings L.P. (“Steel Partners”) in the tender offer commenced by Steel Partners on or about September 13, 2017; or (b) whose common stock of H&H was exchanged for preferred shares of Steel Partners upon the close of the transaction contemplated by the Agreement and Plan of Merger, dated as of June 26, 2017 between H&H and Steel Partners, your rights will be affected.
The Class was certified as an “opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), 23(b)(2).
Excluded from the Class are the Defendants, any person, firm, trust, corporation or other entity related to or affiliated with any of the Defendants; any current or former directors or officers of Defendants; the spouses, children, parents or siblings of said directors and officers; and any entity under the control of the foregoing individuals.
Plaintiff Matthew Sciabacucchi (“Lead Plaintiff”), and his counsel Block & Leviton LLP (“Block & Leviton”) and Heyman Enerio Gattuso & Hirzel LLP (“HEGH”) (collectively, “Class Counsel”), on behalf of Lead Plaintiff and the Class, have reached a proposed settlement of the Action for $30,000,000 in cash (the “Settlement”).
NOTICE TO PERSONS OR ENTITIES HOLDING H&H STOCK ON BEHALF OF OTHERS
Brokers and other nominees that held shares of H&H common stock as record holders for the benefit of another person or entity shall either, within seven calendar days of receipt of the Notice, request from the Settlement Administrator sufficient copies of the Notice to forward to all such beneficial owners within seven calendar days or send a list of the names and addresses of all such beneficial owners to:
In re Handy & Harman, Ltd, Stockholders Litigation
c/o KCC Class Action Services
P.O. Box 404020
Louisville, KY 40233-4020