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Lite Star ESOP Settlement

Chea v. Lite Star ESOP Committee, et al., No. 1:23-cv-00647-SAB

If you held vested B-K Lighting stock in the Lite Star ESOP from the date of its inception until December 31, 2024 or are a beneficiary of someone who did, you may be entitled to a payment from a class action lawsuit settlement.

This website is provided as a service to eligible settlement participants. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice.

What Are My Options?

Do Nothing

Under the proposed Settlement, if you have an active ESOP account, the value of the Lite Star shares held in your account will be greater than they otherwise would be absent the settlement, thereby providing more value to the retirement savings in your account and you will also receive a cash payment. If you have sold Lite Star stock once held in your ESOP account, you will receive a cash payment. Each Class Member will receive a total value of approximately $1.55 per vested share (either in increased share value, cash, or a combination of both). If the Settlement is approved, all Class Members will automatically receive these benefits. You do not need to complete a claim form.

Object to or Comment on the Settlement

— Deadline: January 5, 2026

You can submit written comments or an objection that explains what you do not like about the Settlement. You may also object to the requested attorneys’ fees, expenses, and service awards, but it must be submitted on or before January 5, 2026. See the Notice for details on how to object to the settlement.

Attend Hearing

— Scheduled: January 21, 2026 at 10:00 a.m.

At the Fairness Hearing, the Court will listen to any objections, comments, and arguments concerning the fairness of the proposed Settlement and the requested attorneys’ fees and expenses, and service awards.
You do not need to attend the Fairness Hearing. But you are welcome to attend the Hearing to observe or to voice your views about the Settlement or the requested attorneys’ fees, expenses, and service awards. If you plan to speak at the hearing, you must file an objection and state that you intend to appear and speak at the Fairness Hearing on or before January 5, 2026. For details on how to file an objection and a notice of intention to appear, see the Notice.