LOS ANGELES, Aug. 7, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court Central District of California Southern Division has approved the following announcement of a class action certification for the purchasers of common stock of Radient Pharmaceuticals Corporation (OTCMKTS:RXPC):
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION
To: All persons or entities that purchased or otherwise acquired the publicly traded common stock of Radient Pharmaceuticals Corporation ("Radient") between January 18, 2011 and March 4, 2011, inclusive.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Central District of California, that the following class has been certified in the above-captioned action (the "Action"):
All persons or entities that purchased or otherwise acquired the publicly traded common stock of Radient between January 18, 2011 and March 4, 2011, inclusive (the "Class").
IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION. A full printed Notice of Pendency of Class Action is currently being mailed to known Class Members. If you have not yet received a full printed Notice, you may obtain copies of this document by downloading it from www.strategicclaims.net or by contacting the Notice Administrator:
| Radient Pharmaceuticals Corporation Securities Litigation |
| c/o Strategic Claims Services |
| P.O. Box 230 |
| 600 North Jackson Street, Suite 3 |
| Media, PA 19063 |
If you did not receive the Notice by mail, and you are and decide to remain a member of the Class, please send your name and address to the Notice Administrator so that if any further notices are disseminated in connection with the Action, you will receive them. Inquiries, other than requests for the Notice, may be made to Class Counsel:
| Laurence Rosen, Esq. | Phillip Kim, Esq. |
| THE ROSEN LAW FIRM, P.A. | THE ROSEN LAW FIRM, P.A. |
| 355 South Grand Avenue, Suite 2450 | 275 Madison Avenue, 34 th Floor |
| Los Angeles, CA 90071 | New York, New York 10016 |
| Tel: (213) 785-2610 | Tel: (212) 686-1060 |
If you are a Class Member, you have the right to decide whether to remain a member of the Class. If you choose to remain a member of the Class, you do not need to do anything at this time other than to retain your documentation reflecting your transactions in Radient common stock during the period from January 18, 2011 through and including March 4, 2011. You will automatically be included in the Class. The Court has set a jury trial date for November 12, 2013. If you wish to retain separate counsel, you will be responsible for those attorneys' fees and expenses and such counsel must enter an appearance on your behalf by filing a Notice of Appearance with the Court and mailing it to Class Counsel at the addresses above on or before October 15, 2013. If you do not wish to remain a member of the Class you must exclude yourself from the Class. If are a Class Member and do not exclude yourself from the Class, you will be bound by the proceedings in the Action, including all past, present and future orders and judgments of the Court, whether favorable or unfavorable.
If you ask to be excluded from the Class, you will not be bound by any order or judgment in the Action, and you will not be eligible to receive a share of any money which might be recovered for the benefit of the Class. To exclude yourself from the Class, you must submit a written request for exclusion postmarked no later than September 30, 2013 in accordance with the instructions set forth in the full printed Notice. Pursuant to Rule 23(e)(4) of the Federal Rules of Civil Procedure, it is within the Court's discretion whether to allow a second opportunity to request exclusion from the Class if there is a settlement or judgment in the Action.
Further information may be obtained by directing your inquiry in writing to the Notice Administrator.
Please Do Not Call The Court with Questions.
| Dated: July 18, 2013 BY ORDER OF THE COURT |
| United States District Court |
| For the Central District of California |
