If you purchased or otherwise acquired the publicly traded common stock of Liquidity Services, Inc. during the period from February 1, 2012 through May 7, 2014, a class action lawsuit may affect your rights.
The purpose of this website is to inform you of a class action lawsuit now pending in the United States District Court for the District of Columbia (the “Court”) under the above caption (the “Action”) against Liquidity Services, Inc. (“LSI” or the “Company”) and Individual Defendants William P. Angrick, III and James M. Rallo (collectively, “Defendants”).
The Court has not decided the claims in the Action. There is no settlement or monetary recovery at this time. If a settlement of the lawsuit is reached, it will be subject to approval by the Court. Class Members will be sent additional notice of any proposed settlement and members of the Class who have not excluded themselves will have an opportunity to object to the proposed settlement and to submit a Proof of Claim form to demonstrate their entitlement to any payment. Similarly, the Court may also direct further notice to the Class following any judgment that may be entered after a trial of this case, or for any other reason that the Court may determine.
|YOUR LEGAL RIGHTS AND OPTIONS|
|DO NOTHING||If you are a Class Member and you do nothing, you will stay in the Class. This means you will be legally bound by all of the orders the Court issues and judgments the Court makes in this Action, whether favorable or unfavorable. If you stay in the Class and money is paid to the Class, either through a settlement with Defendants or a judgment of the Court after trial, you may be eligible to receive a share of that recovery. Keep in mind that if you do nothing now, regardless of whether Class Representatives win or lose the case, you will not be able to sue Defendants in any other lawsuit about the same claims that are the subject of this Action.|
|EXCLUDE YOURSELF BY FEBRUARY 20, 2018||If you wish to be excluded from the Class (“opt-out”), you must send a letter by first-class mail stating that you “request exclusion from the Class in Howard v. Liquidity Services Inc. et al., No. 1:14-cv-1183 (D.D.C.).” Your request for exclusion must: (i) state the name, address, and telephone number of the person or entity requesting exclusion; (ii) state the number of shares of LSI common stock that the person or entity requesting exclusion purchased/acquired and/or sold during the Class Period, as well as the dates and prices of each such purchase/acquisition or sale; and (iii) be signed by the person or entity requesting exclusion or an authorized representative. You must mail your exclusion request, postmarked by no later than February 20, 2018 to: Liquidity Services Inc. Securities Litigation, c/o GCG, P.O. Box 10520 Dublin, Ohio 43017-5589.|
These rights and options – and the deadlines to exercise them – are more fully explained in the Notice. Your legal rights are affected whether you act or don’t act. Please read the Notice and review this website carefully.