The purpose of this website is to inform you about a proposed Settlement of this class action lawsuit and about your legal rights and options in connection with the Settlement. This website explains the lawsuit, the proposed Settlement, your legal rights, what benefits are available, who may be eligible for those benefits, and how to get them.
If approved by the Court, the Settlement will provide a $19.7 million cash settlement fund to settle certain claims on behalf of all persons and entities who purchased or otherwise acquired SunPower Corporation publicly traded Class A and/or Class B common stock and/or 4.75% Senior Convertible Debentures (“SunPower Securities” or “Securities”) during the Settlement Class Period of April 17, 2008 to November 16, 2009, inclusive.
If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act.
The Court will review the Settlement at the Final Approval Hearing to be held on July 3, 2013.
|YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:|
|REMAIN A MEMBER OF THE CLASS AND SUBMIT A VALID CLAIM FORM.||This is the only way to receive a payment. If you wish to obtain a payment as a member of the Settlement Class, you will need to file a claim form postmarked no later than August 6, 2013.|
|EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN JUNE 12, 2013.||Receive no payment pursuant to this Settlement. This is the only option that allows you to pursue other litigation against any Released Person relating to the claims being released in this case.|
|OBJECT TO THE SETTLEMENT BY SUBMITTING WRITTEN OBJECTIONS SO THAT THEY ARE RECEIVED NO LATER THAN JUNE 12, 2013.||Write to the Court and explain why you do not like the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses. You cannot object to the Settlement unless you are a member of the Settlement Class and do not validly exclude yourself.|
|FILE A NOTICE OF INTENTION TO APPEAR AT THE FINAL APPROVAL HEARING SO THAT IT IS RECEIVED NO LATER THAN JUNE 12, 2013 AND ATTEND THE HEARING.||Ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses.|
|DO NOTHING.||Receive no payment, remain a Settlement Class Member, give up your rights and be bound by the Final Judgment and Order of Dismissal with Prejudice entered by the Court if it approves the Settlement, including without limitation the release of the Released Claims.|