Important Settlement Hearing Notification for Teleperformance Securities Class Action 2025

Settlement Notice for Teleperformance SE Class Action

Attention all investors: A crucial class action settlement hearing has been scheduled regarding the purchase or acquisition of Teleperformance SE American Depositary Receipts (ADRs). This settlement impacts individuals who acquired these securities between February 20, 2020, and November 9, 2022. In this article, we’ll break down essential details regarding the proposed settlement and how affected parties can participate.

Overview of the Case

The lawsuit, filed by the City of Warren General Employees' Retirement System against Teleperformance SE and its affiliates, has reached a significant stage. A proposed settlement amounting to $5.5 million is on the table, which aims to compensate class members for their investments in Teleperformance ADRs.

Upcoming Hearing

A hearing will be held on May 27, 2025, at 8:30 a.m., presided by the Honorable Cecilia M. Altonaga at the United States District Court for the Southern District of Florida, located at 400 North Miami Avenue, Miami, FL. This hearing is fundamentally about approving the settlement as fair, reasonable, and adequate for all involved parties.

During the hearing, several key issues will be addressed, including:
1. Approval of the proposed settlement amount.
2. Entry of the judgment to dismiss the litigation with prejudice.
3. Determination of attorney fees and expenses from the settlement fund.
4. Award amounts for plaintiffs representing the class.
5. Acceptance of the plan of allocation for the distribution of settlement funds.

Importance of Timely Action

Affected individuals must pay attention to the updated information regarding the hearing and stay informed about any changes in date or time. It is crucial to monitor the website provided in the announcement, www.TeleperformanceSecuritiesSettlement.com, for the latest updates.

To share in the settlement, class members must submit a Proof of Claim and Release form. This can be done by mailing it, postmarked no later than May 11, 2025, or electronically through the website by 11:59 p.m. ET on the same date. Missing this deadline will result in automatic rejection of your claim, and you will forfeit any potential recovery under this settlement.

Exclusion Rights

If you do not wish to be part of the class action, you have the option to exclude yourself by submitting a request for exclusion postmarked by May 5, 2025. It’s crucial to understand that all class members, even those who do not file a timely Proof of Claim, will be bound by the terms of the settlement.

Objecting to the Settlement

Class members also have the right to object to the proposed settlement, the allocation plan, or the requested attorney fees. Objections must be filed with the court and sent to both lead counsel and the defendants’ counsel by May 5, 2025, adhering to the methods specified in the notice.

Additional Resources

For a complete description of the settlement, your rights, and pertinent information, please review the additional documentation available at the settlement website mentioned above. Documents such as the complete Notice, Proof of Claim, and other relevant materials can be obtained by visiting the site or writing to:

- Teleperformance Securities Settlement

c/o Rust Consulting, Inc. - 8868
P.O. Box 2599
Faribault, MN 55021-9599

For any inquiries related to the case, contact lead counsel,
Robbins Geller Rudman & Dowd LLP
Theodore J. Pintar
655 West Broadway, Suite 1900
San Diego, CA 92101
Telephone: 800-449-4900

It is crucial for all class members to remain proactive in understanding their rights and the implications of this class action settlement. Your actions will determine whether you participate in this significant recovery effort.

Conclusion

Stay alert to deadlines and instructions contained within official communications regarding this class action lawsuit. Engaging promptly can significantly impact your potential recovery from the ongoing settlement process with Teleperformance SE. For up-to-the-minute updates, regularly check the settlement website. Make your voice heard, whether by participating in the settlement or opting out, to ensure your rights are protected.