UPDATE September 2022
Accurate claims processing takes time. We are currently working on the calculations necessary for payment distribution, but we do not have a timeframe for when payments will be provided. We are working diligently to provide all the information necessary to support Class Counsel’s filing of a Motion for Distribution with the Court. This is a critical step in disseminating payment in the Settlement.
Please know we are working diligently to complete this process and will provide updates here as they are available.
We appreciate your patience and understanding.
Notice of Pendency of Class Action: Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the Southern District of Texas (the “Court”), if, during the period from February 8, 2018 through and including February 12, 2019 (the “Settlement Class Period”), you purchased or otherwise acquired common stock of Bristow Group, Inc. (“Bristow”), and you were injured thereby.1
Notice of Settlement: Please also be advised that the Court-appointed Lead Plaintiffs Andrew Abernathey, Jay Abernathey, Guy Abernathey and Meridian Investments I, LLC (“Lead Plaintiffs”), on behalf of themselves and the Settlement Class (as defined in the Notice), and Defendants Jonathan Baliff and L. Don Miller (collectively, “Defendants” or “Settling Persons”) have reached a proposed settlement of the Action for $6,250,000 in cash that, if approved, will resolve all claims of Settlement Class members, whether known or unknown, in the Action (the “Settlement”).
PLEASE READ THE NOTICE CAREFULLY. The Notice explains important rights you may have, including the possible receipt of cash from the Settlement. If you are a member of the proposed Settlement Class, your legal rights will be affected whether or not you act.
|Important Dates and Deadlines|
|Claim Filing Deadline (postmarked by)||JULY 6, 2021|
|Exclusion Deadline (received by)||JULY 16, 2021|
|Objection Deadline (received by)||JULY 16, 2021|
|Settlement Hearing||AUGUST 6, 2021|
- The Court presiding over this case must decide whether to approve the Settlement. Payments will be made only if the Court approves the Settlement and the time for any appeals has lapsed, or, if there are any appeals, after the appeals are resolved. Please be patient.
|YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT|
SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN JULY 6, 2021
|This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (as defined in the Notice) that you have against Defendants and the other Defendants’ Releasees (as defined in the Notice), so it is in your interest to submit a Claim Form.|
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN JULY 16, 2021
|If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of your own or any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims.|
OBJECT TO THE SETTLEMENT OR THE REQUEST FOR FEES AND EXPENSES BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JULY 16, 2021
|If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, among others, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.|
GO TO A HEARING ON AUGUST 6, 2021 AT 2:00 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JULY 16, 2021
UPDATE: Pursuant to the Court's August 4, 2021, Order, the Fairness Hearing shall be conducted telephonically on the date and time that it was previously scheduled, August 6, 2021 at 2:00 p.m Eastern. Click here for a copy of the Court's Order
Filing a written objection and notice of intention to appear by July 16, 2021 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
|If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.|
1 All capitalized terms used in the Notice that are not otherwise defined herein shall have the meanings ascribed to them in the Stipulation and Agreement of Settlement dated January 27, 2021 (the “Stipulation”).