PHILADELPHIA, Sept. 9, 2005 (PRIMEZONE) -- The following Summary Notice is being issued by Law Offices Bernard M. Gross, P.C. and Berger & Montague, P.C., regarding Andrx Corporation:
TO: ALL PERSONS WHO PURCHASED THE COMMON STOCK OF ANDRX
CORPORATION("ANDRX") BETWEEN MARCH 1, 2002 AND MARCH 4, 2003
INCLUSIVE (THE "CLASS")
UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF FLORIDA
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IN RE: ANDRX CORPORATION) 03CV20593
SECURITIES LITIGATION )
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YOU ARE HEREBY NOTIFIED, that the above-captioned action has
been certified as a class action and that a settlement for $2,500,000
in cash has been proposed. A hearing will be held before the Honorable
Jose E. Martinez, United States District Court, Southern District of
Florida, 301 N. Miami Avenue, Miami, Florida 33128 at 9:30 a.m. on
October 7, 2005 (the "Settlement Fairness Hearing"), to determine
whether the proposed settlement of this class action should be
approved by the Court as fair, reasonable, and adequate, and to
consider the application of Plaintiffs' Counsel for attorneys' fees
and reimbursement of expenses.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS
WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT
FUND. If you have not yet received the full printed Notice of Pendency
of Class Action, Hearing on Proposed Settlement and Attorneys' Fee
Petition and Right to Share in Settlement Fund and a Proof of Claim
form, you may obtain copies of these documents by calling or writing
to the claims administrator at:
In re Andrx Securities Litigation
Heffler, Radetich & Saitta L.L.P.
P.O. Box 350
Philadelphia, PA 19105-0350
Telephone: 800-528-7199
You may also download a claim form from www.hrsclaimsadministration.com.
To participate in the Settlement, you must submit a Proof of
Claim to the Claims Administrator no later than December 7, 2005. If
you are a Class Member and do not exclude yourself from the Class,
you will be bound by the Order and Final Judgment of the Court. To
exclude yourself from the Class, you must submit a request for
exclusion postmarked no later than September 23, 2005. If you are a
Class Member and do not submit a proper Proof of Claim, you will not
share in the Settlement but you nevertheless will be bound by the
Order and Final Judgment of the Court.
Further information may be obtained by directing your inquiry in
writing to the Claims Administrator at the address and telephone
number noted above.
By Order of the Court