Description: This is the GTT Communications, Inc Settlement
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The Court has Approved the Distribution of the Net Settlement Fund . The Order approving the Distribution along with Final Judgment and Order of Dismissal can be found here .
The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses. Because this website is just a summary, you should review the Notice for additional details.
The Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendant GTT and defendants Richard D. Calder, Jr., Chris McKee, Michael Sicoli and Gina Nomellini (the “Individual Defendants” and together with GTT, the “Defendants”) made misrepresentations about GTT’s $2.3 billion acquisition and integration of Interoute Communications Holdings S.A. (“Interoute”), a European telecommunications company that was by far the la