Ruby Tuesday Securities Litigation
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Welcome to the Ruby Tuesday Securities Litigation Website

This website has been established to provide general information regarding the proposed settlement ("Settlement") of the action entitled Dennis Krystek v. Ruby Tuesday, Inc., et al., No. 3:14-cv-01119, pending before the United States District Court for the Middle District of Tennessee, Nashville Division (the "Litigation"). The capitalized terms used on this website and not defined herein shall have the same meanings ascribed to them in the Stipulation of Settlement (the "Stipulation") dated March 29, 2017, which can be found and downloaded by clicking on the Case Documents tab above. Your rights may be affected by the Settlement if you purchased or otherwise acquired Ruby Tuesday, Inc. ("Ruby Tuesday" or the "Company") common stock between April 10, 2013 and October 9, 2013, inclusive (the "Class Period").

As more fully described in the Notice of Proposed Settlement of Class Action (the "Notice"), on May 6, 2014, Dennis Krystek ("Lead Plaintiff") filed a complaint for violations of the federal securities laws against Defendants in the United States District Court for the Middle District of Tennessee, Nashville Division.


Lead Plaintiff alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, engaging in a fraudulent course of conduct that misled investors about the financial condition of the Company's Lime Fresh Mexican Grill chain and about the progress of the Company's repositioning plan. Defendants deny that they violated the securites laws.

On September 6, 2016, the parties’ counsel attended a one day mediation session in New York with an experienced mediator, but were unable to resolve the Litigation. On January 27, 2017, following further discussion with the parties’ counsel, the mediator presented the parties with a Mediator’s Proposal. The Mediator’s Proposal was ultimately accepted by both parties. Following additional negotiations, the parties reached an agreement to resolve the Litigation on the sepecific terms set forth in the Stipulation.

The Settlement, if approved, will result in the creation of a cash settlement fund of $5,000,000 (the “Settlement Amount”). The Settlement Amount, plus accrued interest (the "Settlement Fund") and minus the costs of the Notice and all costs associated with the administration of the Settlement, as well as any attorneys’ fees, expenses, and payment to Lead Plaintiff for his time and expenses in representing the Class that may be approved by the Court, will be distributed to eligible Class Members pursuant to the Plan of Allocation that is described in the Notice.

The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. These lawyers are called Lead Counsel. These lawyers will apply to the Court for payment of attorneys’ fees and expenses from the Settlement Fund; you will not be otherwise charged for their work. If you want to be represented by your own lawyer, you may hire one at your own expense.

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice and Stipulation, both of which can be found and downloaded by clicking on the Case Documents tab above. We recommend that you read the Notice and other relevant case documents carefully.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

SUBMIT A PROOF OF CLAIM  The only way to receive a payment. Proofs of Claim must be postmarked or submitted online on or before July 17, 2017.
EXCLUDE YOURSELF  Receive no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendants or any other Released Persons about the legal claims related to the issues raised in this Litigation. Exclusions must be received no later than July 17, 2017.
OBJECT Write to the Court about why you oppose the Settlement, the Plan of Allocation, the request for attorneys’ fees and expenses, and/or the expenses of Lead Plaintiff. You will still be a Member of the Class. Objections must be received by counsel no later than July 17, 2017 and be filed with the Court no later than July 31, 2017.
GO TO A HEARING Ask to speak in Court about the fairness of the Settlement. Requests to speak must be included in your written objection received by counsel no later than July 17, 2017 and filed with the Court no later than July 31, 2017.
DO NOTHING Receive no payment. Give up your rights.

DEADLINES

Submit a Claim Form: July 17, 2017
Request Exclusion: July 17, 2017
File an Objection: Received by counsel:  July 17, 2017
Filed with the Court:  July 31, 2017
Court Hearing on Fairness of Settlement: August 7, 2017 at 10:30 a.m.