{"id":379081,"date":"2020-11-11T17:03:13","date_gmt":"2020-11-11T22:03:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379081"},"modified":"2020-11-11T17:03:13","modified_gmt":"2020-11-11T22:03:13","slug":"the-rosen-law-firm-p-a-announces-proposed-class-action-settlement-on-behalf-of-purchasers-of-common-stock-of-verb-technology-company-inc-verb","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-rosen-law-firm-p-a-announces-proposed-class-action-settlement-on-behalf-of-purchasers-of-common-stock-of-verb-technology-company-inc-verb\/","title":{"rendered":"The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Common Stock of Verb Technology Company, Inc. \u2013 VERB"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LOS ANGELES, Nov.  11, 2020  (GLOBE NEWSWIRE) &#8212; The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of Verb Technology Corporation, Inc. (NASDAQ: VERB):<\/p>\n<p align=\"center\">\n        <strong>SUMMARY NOTICE OF PENDENCY AND<\/strong><br \/>\n        <br \/>\n        <strong><br \/>\n          <u>PROPOSED CLASS ACTION SETTLEMENT<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>TO:<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>ALL PERSONS WHO PURCHASED VERB TECHNOLOGY COMPANY, INC. (\u201cVERB\u201d) COMMON STOCK FROM JANUARY 3, 2018 THROUGH MAY 2, 2018, INCLUSIVE.<\/strong><\/p>\n<p align=\"justify\">YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on February 18, 2021, at 8:30 a.m. before the Honorable George H. Wu, United States District Judge of the United States District Court for the Central District of California, First Street Federal Courthouse, 350 W. First Street, Courtroom 9D, 9th Floor, Los Angeles, CA 90012, or by telephonic or videoconference means as directed by the Court, for the purpose of determining:<\/p>\n<p align=\"justify\">(1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $640,000 should be approved by the Court as fair, reasonable, and adequate;<\/p>\n<p align=\"justify\">(2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate;<\/p>\n<p align=\"justify\">(3) whether the application of Lead Counsel for an award of attorneys\u2019 fees of up to 25% of the Settlement Amount, reimbursement of expenses of not more than $25,000, and an award of no more than $1,000 to Plaintiffs, should be approved; and<\/p>\n<p align=\"justify\">(4) whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement dated September 17, 2020 (\u201cStipulation\u201d).<\/p>\n<p align=\"justify\">If you purchased Verb common stock during the period from January 3, 2018 through May 2, 2018, inclusive (\u201cSettlement Class Period\u201d), your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in Verb common stock. If you have not received a postcard providing instructions for receiving a detailed Notice of Pendency and Proposed Settlement of Class Action (\u201cNotice\u201d) and a copy of the Proof of Claim and Release Form (\u201cProof of Claim\u201d), you may obtain copies by writing to or calling the Claims Administrator: Verb Technology Company, Inc. Securities Litigation, c\/o Strategic Claims Services, 600 N. Jackson St., Ste. 205, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985; info@strategicclaims.net, or going to the website, www.strategicclaims.net. If you are a member of the Settlement Class, to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim to the Claims Administrator, postmarked no later than February 4, 2021, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Action whether or not you make a claim.<\/p>\n<p align=\"justify\">If you desire to be excluded from the Settlement Class, you must submit a request for exclusion in the manner and form explained in the Notice to the Claims Administrator so that it is received no later than January 28, 2021. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action.<\/p>\n<p align=\"justify\">Any objection to the Settlement, Plan of Allocation, or Lead Counsel\u2019s request for an award of attorneys\u2019 fees and reimbursement of expenses and award to Plaintiffs must be in the manner and form explained in the Notice and received no later than January 28, 2021, by each of the following:<\/p>\n<p align=\"justify\">Clerk of the Court<br \/>United States District Court<br \/>Central District of California<br \/>First Street Federal Courthouse <br \/>350 W. First Street, Suite 4311 <br \/>Los Angeles, CA 90012<\/p>\n<p align=\"justify\">\n        <u>LEAD COUNSEL:<\/u>\n      <\/p>\n<p align=\"justify\">Jacob A. Goldberg<br \/>The Rosen Law Firm, P.A. <br \/>101 Greenwood Avenue, Suite 440<br \/>Jenkintown, PA 19046<\/p>\n<p align=\"justify\">\n        <u>COUNSEL FOR DEFENDANTS<\/u>\n      <\/p>\n<p align=\"justify\">Steven M. Schatz<br \/>Catherine E. Moreno<br \/>WILSON SONSINI GOODRICH &amp; ROSATI, P.C.<br \/>650 Page Mill Road<br \/>Palo Alto, CA 94304<\/p>\n<p align=\"center\">If you have any questions about the Settlement, you may call or write to Lead Counsel:<\/p>\n<p align=\"center\">Jacob A. Goldberg <br \/>The Rosen Law Firm, P.A. <br \/>101 Greenwood Avenue, Suite 440 <br \/>Jenkintown, PA 19046 <br \/>Tel.: 215-600-2817<\/p>\n<p align=\"justify\">\n        <strong>PLEASE DO NOT CONTACT THE COURT OR THE CLERK\u2019S OFFICE REGARDING THIS NOTICE.<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: left;vertical-align: middle\">Dated: October 28, 2020\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: left;vertical-align: middle;border-top: solid black 1pt\">BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA<\/td>\n<\/tr>\n<\/table>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4MzgxMSMzODAyODIxIzIwMjA0MTE=\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Nov. 11, 2020 (GLOBE NEWSWIRE) &#8212; The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of Verb Technology Corporation, Inc. (NASDAQ: VERB): SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT TO:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0ALL PERSONS WHO PURCHASED VERB TECHNOLOGY COMPANY, INC. (\u201cVERB\u201d) COMMON STOCK FROM JANUARY 3, 2018 THROUGH MAY 2, 2018, INCLUSIVE. YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on February 18, 2021, at 8:30 a.m. before the Honorable George H. Wu, United &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-rosen-law-firm-p-a-announces-proposed-class-action-settlement-on-behalf-of-purchasers-of-common-stock-of-verb-technology-company-inc-verb\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Common Stock of Verb Technology Company, Inc. \u2013 VERB&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379081","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Rosen Law Firm, P.A. 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Wu, United &hellip; Continue reading \"The Rosen Law Firm, P.A. 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