Welcome to the Settlement Website for In re Dreamworks Animation SKG, Inc., C.A. No. 12619-CB (Del. Ch.) (the “Action”).
Plaintiffs Ann Arbor City Employees Retirement System, Kenneth Bumba, and Teamsters Local 677 Health Services & Insurance Plan, on behalf of themselves and the Settlement Class (defined below), have reached a proposed settlement of the Action for $4,500,000 in cash (the “Settlement”). If approved by the Court of Chancery of the State of Delaware (the “Court”), the Settlement will resolve all claims in the Action.
The Settlement Class consists of all record holders and beneficial holders of DreamWorks Animation SKG, Inc. (“DreamWorks”) Class A common stock (“DreamWorks Common Stock”) whose shares of DreamWorks Common Stock were exchanged for $41.00 per share in cash (the “Merger Consideration”) paid to holders of DreamWorks Common Stock in connection with the August 22, 2016 acquisition of DreamWorks by Comcast Corporation (the “Merger”), excluding those persons and entities who are excluded from the Settlement Class by definition.
For additional details regarding this Settlement, how Settlement Class Members rights will be affected by the legal proceedings in this Action, and, if the Settlement is approved by the Court, distribution of the Net Settlement Fund to Eligible Beneficial Owners, please read the Long-Form Notice.
This website is not an expression of any opinion by the Court concerning the merits of any claim in the Action, and the Court still has to decide whether to approve the Settlement. If the Court approves the Settlement, then payments to Eligible Beneficial Owners will be made after any appeals are resolved.
Brokerage firms, banks, and/or other persons or entities that held shares of DreamWorks Common Stock that were exchanged for the Merger Consideration for the beneficial interest of any other person or entity other than themselves, must, within 7 calendar days of receipt of the Mailing Notice, either (i) provide to the Settlement Administrator, GCG, a list of the names and last known addresses of the beneficial owners, and GCG will send a copy of the notice to such beneficial owners; or (ii) request from the Settlement Administrator sufficient copies of the Mailing Notice to forward to all such beneficial owners, and within 7 calendar days of receipt of such copies, mail the notice directly to such beneficial owners. Upon full and timely compliance with these directions, such nominees may seek reimbursement of their reasonable expenses actually incurred by providing the Settlement Administrator with proper documentation supporting the expenses for which reimbursement is sought.