Summary notice of pendency of class action in Becker v. The Bank of New York Mellon Trust Company Class Action Lawsuit

PHILADELPHIA, Oct. 05, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Barrack, Rodos & Bacine regarding the Becker v. The Bank of New York Mellon Trust Company Class Action Lawsuit.

This is an important legal notice.

United States District Court, Eastern District Of Pennsylvania, Leonard Becker, on behalf of himself, and all those similarly situated, Plaintiff, v. The Bank Of New York Mellon Trust, Company, N.A. And J.P. Morgan Trust, Company, National Association, Defendants.  Civil Action, No. 11-cv-6460 (consolidated with No. 12-6412).

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

TO:       ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE BONDS IDENTIFIED AS THE BOROUGH OF LANGHORNE MANOR HIGHER EDUCATION AND HEALTH AUTHORITY HOSPITAL REVENUE BONDS, SERIES OF 1992 (THE LOWER BUCKS HOSPITAL), AND WHO ARE HOLDERS OF AN ALLOWED CLASS A3 CLAIM PURSUANT TO SECTION 5.1.3.(A)(ii) OF THE PLAN FOR REORGANIZATION OF LOWER BUCKS HOSPITAL, WHICH PLAN WAS CONFIRMED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE.

The record date for holders of an Allowed Class A3 is December 7, 2011.

You are hereby notified that a class has been certified in pending litigation that may affect your rights.

If you are a member of the Class described above, your rights may be affected by the lawsuit referred to as Becker v. The Bank of New York Mellon Trust Company, N.A., et al., No. 11-6460 (consolidated with No. 12-6412) (the “Action”), which is now pending before the United States District Court for the Eastern District of Pennsylvania (the “Court”).  This Action was brought the class representative, Leonard Becker (“Becker”), on behalf of himself and others similarly situated, and is pending against The Bank of New York Mellon Trust Company, N.A. (“BNYM”) and J.P. Morgan Trust Company National Association (“J.P. Morgan”) (together, the “Defendants”).

The Court has determined that the Action may proceed as a class action pursuant to Rule 23 of the Federal Rules of Civil Procedure.  You may be a member of the Class.  Excluded from the class are Defendants and any person, firm, trust, corporation, or other entity related to or affiliated with any defendant and any officers and directors thereof.

This Summary Notice is not an expression of any opinion by the Court with respect to the merits of the claims or the defenses asserted in the Action.  This Summary Notice is merely to advise you of the pendency of this Action and of your rights therein.

If you have not yet received the “Notice of Pendency of Class Action” (the “Notice”) which describes the Action and your related rights in detail, you may obtain a copy on Class counsel’s website, www.barrack.com, or by writing to: Becker v. Bank of New York Mellon Litigation, c/o Heffler Claims Group, 1515 Market St., Suite 1700, Philadelphia, PA 19102, (855) 711-8800.

If you fall within the definition of the Class set forth above, you are a member of the Class.  IF YOU WISH TO REMAIN A MEMBER OF THE CLASS, YOU DO NOT NEED TO DO ANYTHING AT THIS TIME.

If you wish to be excluded from the Class, you must send a request for exclusion to the above address, postmarked no later than November 14, 2017.  There are specific requirements for requesting exclusion that are set forth in the detailed Notice.

In addition, inquiries regarding this litigation may be addressed to Lead Counsel for the Class:

CLASS COUNSEL

BARRACK, RODOS & BACINE
Daniel E. Bacine
Lisa M. Port
3300 Two Commerce Square
2001 Market Street
Philadelphia, PA 19103

PLEASE DO NOT CALL THE COURT OR THE DISTRICT CLERK’S OFFICE REGARDING THIS NOTICE.

Dated: September 14, 2017                              

BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA

Media Contact (Only for members of press): Lisa M. Port; Barrack, Rodos & Bacine;  (215) 963-0600