Vandevar v. American Renal Associates Holdings, Inc., et al.

Case No. 2:19-cv-09074-ES-MAH

UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY

UPDATE April 2023

Due to the complexities of securities cases, claims processing takes a significant amount of time to ensure that all claims are processed accurately. This requires an in-depth review of every claim and supporting document submitted.

Claims for this case have been reviewed for deficient conditions, and letters and emails regarding deficiencies and denials have been sent.

We are currently in the process of reviewing all deficiency responses submitted to determine accuracy, completeness, and impact on eligibility.

If action is needed on your part, you will receive a Notice of Deficient Condition via US Mail or email from info@AmericanRenalSecuritiesLitigation.com.

This process can take between 2 to 4 months.

Please know we are working diligently to give each claim its due attention and review.

We appreciate your patience and understanding.

If you purchased or acquired American Renal Associates Holdings, Inc. (“ARA” or the “Company”) common stock between August 10, 2016 and March 27, 2019, inclusive (the “Class Period”), you could get a payment from a proposed class action settlement (the “Settlement”).

TO CLAIM YOUR SHARE OF THE SETTLEMENT FUND, YOU MUST SUBMIT A VALID PROOF OF CLAIM POSTMARKED ON OR BEFORE JANUARY 4, 2021.

Important Dates

December 8, 2020 — Exclusion Deadline (received by)

December 22, 2020 — Objection Deadline (received by)

January 4, 2021 — Claim Form Filing Deadline (postmarked by)

January 12, 2021 — Settlement Hearing

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

SUBMIT A CLAIM FORM NO LATER THAN
JANUARY 4, 2021

The only way to get a payment.

EXCLUDE YOURSELF NO LATER THAN
DECEMBER 8, 2020

Get no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims.

OBJECT NO LATER THAN
DECEMBER 22, 2020

Write to the Court about why you do not like any aspect of the Settlement.

GO TO A HEARING ON
JANUARY 12, 2021

Ask to speak in Court about the fairness of the Settlement.

DO NOTHING

Get no payment. Give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.

INQUIRIES

Please do not contact the Court regarding the Notice. All inquiries concerning this Notice, the Proof of Claim, or any other questions by Settlement Class Members should be directed to:

American Renal Assoc. Securities Litigation
c/o Claims Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
Tel: (844) 559-0203
Email: info@AmericanRenalSecuritiesLitigation.com

or

ABRAHAM, FRUCHTER & TWERSKY, LLP
One Penn Plaza, Suite 2805
New York, NY 10119
Tel: (212) 279-5050
Fax: (212) 279-3655