Understanding the Apollonia Class Action Settlement
The recent summary notice regarding a class action lawsuit related to Apollonia, LLC has been issued, marking an important milestone in the litigation process. This notice serves to inform all affected parties of their rights and the proposed settlement that has emerged from the lawsuit stemming from the merger between Apollonia and St. Renatus, LLC.
Details of the Class Action and Settlement
Individuals and entities holding Apollonia units as of April 16, 2019, are invited to participate in this settlement. As per rulings by the United States District Court for the District of Minnesota, the settlement has reached a substantial sum, totaling $11,600,000. This Settlement Fund will be distributed among eligible class members once all approved costs, including attorneys' fees and expenses, are deducted.
Who is Eligible?
The class comprises all individuals and entities that held Apollonia units by the acquisition date noted earlier. However, specific exclusions have been put in place. Those excluded include the defendants, their families, officers or directors from either company at the time of the merger, any entities in which a defendant has a controlling interest, and individuals involved in the alleged wrongful conduct. Moreover, members who opted out by the December 22, 2022, deadline will not be part of the class.
Next Steps for Class Members
For members of the class action, submitting a Proof of Claim form by April 22, 2025, is essential to obtaining any payments. Class members who fail to submit this form will forfeit their rights to receive any cash from the settlement. The Notice and Proof of Claim forms will be mailed directly to known class members, containing crucial information about the claims process.
Claims Administrator Contact Information
The Claims Administrator for this action is A.B. Data, Ltd., located in Milwaukee, WI. Any class member who has not received the Notice by mail should promptly contact the administrator to ensure future communications are received. This process ensures that all eligible members are included in subsequent notifications.
Settlement Hearing and Objecting
A Settlement Hearing is scheduled for February 25, 2025, where the Court will assess the settlement's fairness and consider any written objections from class members. Members wanting to object or express their views about the settlement must submit their objections by February 4, 2025. It is vital to understand that the Court's role is not to increase the settlement amount but to determine if the agreement is reasonable.
Do Not Contact the Court
It is important to note that inquiries regarding the case or settlement should be directed solely to the Claims Administrator or Lead Class Counsel, Stephen J. Oddo at Robbins LLP. The Court should not be contacted with questions, which helps maintain the integrity of the legal process.
Conclusion
The class action concerning Apollonia, LLC offers a significant opportunity for affected parties to seek compensation. By taking the necessary actions and adhering to deadlines, class members can ensure they do not miss out on potential payouts resulting from this class action settlement.
Frequently Asked Questions
What is the deadline to submit a Proof of Claim?
The deadline for submitting a Proof of Claim is April 22, 2025.
Who is included in the class?
The class includes all individuals who held Apollonia units as of April 16, 2019, with certain exclusions listed.
How much is the total settlement amount?
The total proposed settlement amount is $11,600,000.
When will the Settlement Hearing be held?
The Settlement Hearing is scheduled for February 25, 2025.
Who do I contact for more information?
For more information, contact the Claims Administrator, A.B. Data, Ltd., or Lead Class Counsel, Stephen J. Oddo at Robbins LLP.
