#United States #Class Action #Robbins LLP #Minnesota #Apollonia LLC

Overview

On December 30, 2024, Robbins LLP announced important information regarding a class action status affecting all individuals and entities that held units of Apollonia, LLC as of April 16, 2019. This announcement highlights the establishment of a proposed settlement related to the merger of Apollonia with St. Renatus, LLC. The United States District Court for the District of Minnesota is overseeing this class action case titled Walsh, et al. v. Buchholz, et al., identified by Case No. 019-cv-01856-JWB-DTS.

Class Action Details

The court has given a summary notice to all parties concerned, indicating that a settlement fund of $11.6 million has been proposed, earmarked for eligible class members. The settlement aims to cover claims arising from the aforementioned merger. Importantly, this fund will be distributed after the deduction of attorneys' fees, expenses, and court-approved costs.

Who is Affected?

The class mainly includes any entities or individuals who held Apollonia, LLC units by the specified date, making them subject to the settlement's terms. However, certain parties are excluded from this class, including the defendants and their immediate families, officers or directors from the time of the merger, and any other affiliates involved in the alleged wrongdoing.

Next Steps for Class Members

Members of the class must take specific actions to benefit from the settlement. They are required to submit a Proof of Claim form by April 22, 2025. If a member fails to do so, they forfeit the right to a cash payout from the settlement fund. Detailed instructions along with the Notice and Proof of Claim forms are being sent to known class members and are accessible online at www.ApolloniaClassAction.com.

Hearing Information

A Settlement Hearing is scheduled for February 25, 2025, where the court will evaluate the fairness and adequacy of the proposed settlement. Interested parties may file objections regarding the settlement before February 4, 2025, should they choose to contest the proposal or request a voice at the hearing.

Contact Information

In the meantime, class members who did not receive the notice or have questions are encouraged to reach out to the Claims Administrator via email or phone. Robbins LLP, serving as Lead Class Counsel, provides further details and can be contacted directly for inquiries regarding this process. The firm is deeply engaged in ensuring that the interests of class members are upheld throughout this legal process.

Conclusion

This summary notice marks an essential step for those involved in the Apollonia, LLC class action case. It emphasizes critical deadlines and outlines necessary actions for class members, underlining the importance of staying informed during this transitional phase, where significant financial restitution may be possible. This settlement proposal represents a vital opportunity for potentially impacted individuals and entities to seek remediation following the merger issues that led to this class action lawsuit.

For more inquiries, members are advised not to contact the court directly but rather use the established channels through Robbins LLP for a more streamlined approach toward resolution.