China Intelligent Lighting and Electronics, Inc. Securities Litigation
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This website provides information concerning the China Intelligent Lighting and Electronics, Inc. ("China Intelligent") Settlement Fund created by the partial Settlement of a securities case brought by Lead Plaintiffs in a class action initiated in the United States District Court for the Central District of California. Within this site, you will find information about important dates and deadlines, your legal rights and options, related case documents, and contact information.  

The Settlement Fund is comprised of $631,600. Your eligibility will depend on the number of shares of China Intelligent common stock purchased or acquired from June 18, 2010 through and including March 24, 2011 (the "Class Period"), and the timing of your purchases and sales.


Important Dates and Deadlines

Deadline to File a Notice of Intention to Appear at the Hearing: February 2, 2015
Claim Submission Deadline: February 4, 2015
Exclusion Deadline: February 16, 2015
Objection Deadline: February 16, 2015
Settlement Hearing: March 9, 2015 at 1:30 P.M.


Your Legal Rights and Options in the Settlement

SUBMIT PROOF OF CLAIM AND RELEASE (“PROOF OF CLAIM”) BY FEBRUARY 4, 2015. This is the only way to be eligible to receive a payment from the Net Settlement Fund. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Settled Claims that you have against Settling Defendants. If you remain in the Class, it is in your interest to submit a Proof of Claim.
EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION POSTMARKED NO LATER THAN FEBRUARY 16, 2015.
If you exclude yourself from the Class, you will not be eligible to get any payment from the Net Settlement Fund. This is the only option that allows you to ever be part of any other lawsuit against any of the Settling Defendants concerning the Settled Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN FEBRUARY 16, 2015.
If you do not like the proposed Settlement with the Settling Defendants, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of expenses, 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 Class Member and have not excluded yourself.
GO TO THE SETTLEMENT HEARING ON MARCH 9, 2015 AT COURTROOM 880, 255 EAST TEMPLE STREET, LOS ANGELES, CA 90012-3332 AT 1:30 P.M. AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN FEBRUARY 2, 2015. Filing a written objection and notice of intention to appear by February 2, 2015 allows you to speak in Court about the fairness of the proposed Settlement, the Plan of Allocation, or the request for attorneys’ fees and reimbursement of expenses. If you submit a written objection, you may (but do not have to) attend the hearing and speak to the Court about your objection.
DO NOTHING. If you are a member of the Class and you do not submit a Proof of Claim by February 4, 2015, you will not be eligible to receive any payment from the Net Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are released by the Settlement and you will be bound by any judgments or orders entered by the Court in the Litigation.