Robbins Geller Rudman & Dowd LLP Announces Pendency of Class Action in the Parametric Sound Corporation Shareholders’ Litigation

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Parametric Sound Corporation Shareholders Litigation:

EIGHTH JUDICIAL DISTRICT COURT

CLARK COUNTY, NEVADA

   

In re PARAMETRIC SOUND

) Lead Case No. A-13-686890-B

CORPORATION SHAREHOLDERS  

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) Dept. No. XI

LITIGATION

)

 

)

CLASS ACTION

 

)

This Document Relates To:

)
)

ALL ACTIONS.

)
  )

 

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

TO:

    All holders of Parametric Sound Corporation (Parametric) common stock who held shares on January 15, 2014, at the time Parametric issued shares in the Merger pursuant to the Agreement and Plan of Merger (the Class).
 

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Eighth Judicial District Court for the State of Nevada, County of Clark (the Court), that you may be a member of a Class Action pending in the Court.

The lawsuit captioned In re Parametric Sound Corporation Shareholders Litigation, Lead Case No. A-13-686890-B was recently certified as a Class Action, and Kearney IRRV Trust was appointed as Class representative. If any benefits are eventually obtained for the Class as a result of this lawsuit, eligible Class members may be entitled to a payment.

Class members may choose to exclude themselves from the Class. If you exclude yourself, you will not be entitled to a payment if any benefits are obtained for the Class. If you do not exclude yourself, you will be bound by any judgment in this litigation, whether favorable or unfavorable. To remain a Class member and eligible for a payment if any benefits are obtained, you are not required to do anything at this time. To request exclusion, you must submit a written request for exclusion to In re Parametric Sound Corporation Shareholders Litigation, EXCLUSIONS, c/o Gilardi & Co. LLC, 3301 Kerner Blvd., San Rafael, CA 94901, postmarked on or before April 1, 2019, setting forth your name and address. The deadline to exclude yourself is April 1, 2019.

Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick
Nelson
1-619-231-1058