Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $36.7 Million Settlement in the GT Advanced Technologies Inc (NASDAQ:GTAT) Investor Lawsuit

Via: ReleaseWire

Updated 11:15 AM CDT, Thu, June 28,2018

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of GT Advanced Technologies Inc (NASDAQ: GTAT) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on July 12, 2018 and NASDAQ: GTAT investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 06/28/2018 -- A deadline is coming up on July 12, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of GT Advanced Technologies Inc (NASDAQ: GTAT) between November 5, 2013 and October 6, 2014.

Investors who purchased a significant amount of shares of GT Advanced Technologies Inc (NASDAQ: GTAT) between November 5, 2013 and October 6, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the GT Advanced Technologies Inc (NASDAQ: GTAT) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/gt-advanced-technologies-inc-nasdaq-gtat-investor-securities-class-action-lawsuit-10172014

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is July 12, 2018. The class action administrator for this case is Garden City Group.

The lawsuit was originally filed in the U.S. District Court for the District of New Hampshire against GT Advanced Technologies Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 5, 2013 to 9:40am Eastern Standard Time on October 6, 2014.

The lawsuit was filed on behalf of purchasers of GT Advanced Technologies Inc (NASDAQ: GTAT) common shares between behalf of investors who purchased in GT Advanced Technologies Inc (NASDAQ: GTAT) between November 5, 2013 and 9:40am Eastern Standard Time on October 6, 2014, who purchased securities in or traceable to GT Advanced Technologies Inc's public offering of $214 million in principal amount of 3.00% Convertible Senior Notes due 2020 conducted on or around December 4, 2013, which included $24 million of notes sold pursuant to an overallotment option granted by GT Advanced Technologies Inc to certain underwriters, and who purchased securities in or traceable to GT Advanced Technologies Inc's (NASDAQ: GTAT) public offering of 9,942,196 shares of its common stock conducted on or around December 4, 2013, which included 1,292,196 shares sold pursuant to an overallotment option granted by GT Advanced Technologies Inc to certain underwriters.

The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff alleges claims against certain of GT Advanced Technologies Inc's executive officers, GT Advanced Technologies Inc's Board of Directors, including the directors that signed the Registration Statement for the Offerings, and the underwriters of the Offerings, and arise under Sections 11 and 12(a)(2) of the Securities Act of 1933, and Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Those who purchased shares of GT Advanced Technologies Inc (NASDAQ: GTAT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-367-million-settlement-in-the-gt-advanced-technologies-inc-nasdaqgtat-investor-lawsuit-1002859.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com