Booth v. Strategic Realty

Welcome to the Booth v. Strategic Realty Trust, Inc. Settlement Website

Booth et al. v. Strategic Realty Trust et al.,
U.S. District Court, Northern District of California
Case No. 3:13-cv-04921-JST (N.D. Cal.)
The Settlement resolves a lawsuit in which plaintiffs allege that Defendants issued, sold, and underwrote shares of SRT common stock pursuant to offering materials that were false and misleading. This class action Settlement involves common stock of Strategic Realty Trust, Inc. (f/k/a TNP Strategic Retail Trust, Inc.) (“SRT”) that was purchased or otherwise acquired between September 23, 2010 and February 7, 2013. We are distributing from a settlement fund of $5,000,000 (before deduction of attorneys’ fees and expenses and administrative costs) to certain investors who bought or acquired SRT common stock during the relevant period in accordance with the proposed Plan of Allocation. Plaintiffs and Defendants disagree on damages and do not agree on the average amount of damages per share of SRT common stock that would be recoverable if plaintiffs were to prevail at trial. Defendants deny that they are liable to plaintiffs or the class and specifically deny that plaintiffs and the class could recover damages in the range plaintiffs have described in the Notice. Defendants deny that they did anything wrong, or that any of the investors’ losses were caused by any alleged misrepresentations in the offering materials. The Settlement avoids the costs and risks of continuing the lawsuit; provides a recovery to investors who purchased or otherwise acquired SRT common stock between September 23, 2010 and February 7, 2013; and releases Defendants and other “Released Parties from liability”.

For additional information please contact us at:

Booth et al. v.Strategic Realty Trust et al.
c/o KCC Class Action Services
P.O. Box 40008
College Station, TX 77842-4008
Phone: (888) 706-3408
Email: info@SRTClassAction.com

SPECIAL NOTICE TO NOMINEES
If you purchased, acquired, or held SRT common stock for a beneficial owner, then, within 10 days after you receive the Notice, you must either:

send a copy of this Notice by first-class mail to each such beneficial owner; or
provide a list of the names and addresses of all such beneficial owners (preferably in electronic format (e.g., excel, csv)) to the Claims Administrator by email to Nominees@SRTClassAction.com or by mail to the following address:

Booth et al v. Strategic Realty Trust et al.
c/o KCC Class Action Services
P.O. Box 40008
College Station, TX 77842-4008
If you choose to mail the Notice yourself, you may obtain from the Claims Administrator (without cost to you) as many additional copies of the Notice as you need to complete the mailings. Additionally, if you choose to mail the Notice yourself, you may obtain reimbursement for reasonable administrative costs actually incurred in doing so to the extent you would not otherwise have incurred those costs, upon submission of appropriate documentation to the Claims Administrator and subject to the right of the Court to resolve disputes concerning any such request for reimbursement.

If you choose the second option, KCC Class Action Services will send a copy of the Notice to the beneficial owners whose names and address you supply.