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. The Notice describes important rights you may have and what steps you must take if you wish to participate in the proposed Settlement, want to object, or wish to be excluded from the class. Since this website is just a summary, please review the Notice and Settlement Agreements for additional details.
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 entitled to a payment from a class action settlement.
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 POSTMARKED OR RECEIVED NO LATER THAN OCTOBER 2, 2020 | The only way to be eligible to receive a payment from the Net Settlement Fund. |
| EXCLUDE YOURSELF BY SUBMITTING A WRITTEN REQUEST SO THAT IT IS RECEIVED NO LATER THAN JULY 30, 2020 | This is the only option that, assuming your claim is timely brought, might allow you to ever bring or be part of any other lawsuit against Defendants and/or the other Released Defendant Parties concerning the Released Claims. If you exclude yourself, you will not be eligible to receive any payment from the Settlement. See Question 7 on the FAQs page for details. |
| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JULY 30, 2020 | Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or Lead Counsel’s Fee and Expense Application. If you object, you will still be a member of the Settlement Class. See Question 8 on the FAQs page for details. |
| 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. |
Any change by the Court to the Plan of Distribution, the time and place of the Settlement Hearing, or any other matter and all further orders or requirements by the Court will be posted on this website as soon as practicable.
It is important that you refer to this website as no other notice may be published of such changes.