The information contained on this web page is only a summary of information presented in more detail in the Notice, which you can access by clicking here.
If you are a Settlement Class Member, your legal rights will be affected by this
Settlement whether you act or do not act. Please read the Notice carefully.
If you purchased or otherwise acquired the common stock of Spectrum Brands Holdings, Inc. (“Spectrum” or the “Company”), as successor-in-interest to HRG Group, Inc. (“HRG”), pursuant or traceable to the Registration Statement for the July 13, 2018, merger of Spectrum Brands Legacy, Inc. (“Old Spectrum”) and HRG, you may be a member of the Settlement Class.
The Court held a final Settlement Hearing on August 20, 2020 and approved the Settlement, the proposed Plan of Allocation and the motion requesting attorneys’ fees and expenses. Copies of the orders can be accessed on the Court Documents section.
The Settlement provides a total recovery of $9,000,000 in cash (approximately $0.20 per damaged share on average before the deduction of Court-approved fees and expenses) for the benefit of the Settlement Class. Your recovery will depend on, among other things, the number of shares of Spectrum common stock you, and other Settlement Class Members who file claims, purchased or acquired and sold, and the prices at which you, and the other Settlement Class Members who file claims, purchased or acquired and sold those shares. The terms and conditions of the Settlement are in the Stipulation and Agreement of Settlement, dated as of May 1, 2020 (the “Settlement Agreement”).
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT |
SUBMIT A CLAIM FORM |
The deadline to submit a claim has passed. |
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS |
The exclusion deadline has passed. |
OBJECT TO THE SETTLEMENT |
The objection deadline has passed. |
HEARING |
The Court held a final Settlement Hearing on August 20, 2020 and approved the Settlement, the proposed Plan of Allocation and the motion requesting attorneys’ fees and expenses. Copies of the orders can be accessed on the Court Documents section. |
DO NOTHING |
You will not be eligible to receive a payment, you will give up rights, and you will still be bound by the Settlement. |