Force Protection Shareholder Litigation Settlement
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Welcome to the Force Protection Shareholder Litigation Settlement Website

This website has been established to provide general information related to the proposed Settlement of the Force Protection, Inc. (“Force Protection” or the “Company”) Shareholder 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 dated January 6, 2015, which can be found and downloaded by clicking on the Case Documents tab above.

This is a securities class action that is pending before the Honorable Nancy L. Allf in the Eighth Judicial District Court of the State of Nevada, Clark County. Defendant Michael Moody ("Moody") was the former President, Chief Executive Officer and Chairman of the Board of Directors for Force Procection. Force Protection was a manufacturer of ballistic- and blast-protected vehicles.

The proposed Settlement of class action lawsuit pending against Defendant Moody, arises out of the sale of Force Protection to General Dynamics Corporation (“General Dynamics”) via tender offer for $5.52 per share in cash (the “Acquisition”). General Dynamics completed the Acquisition on December 19, 2011.  The case was brought as a class action alleging that the Defendant’s conduct in connection with the Acquisition constituted a breach of fiduciary duties by Defendant. Plaintiffs alleged that Defendant Moody had a duty to avoid favoring his own interests over the interests of the Company’s public shareholders and that he breached this duty by negotiating and securing material benefits for his own personal benefit at the cost of shareholder value in connection with the Acquisition. The Defendant claims that he acted properly and in compliance with his fiduciary duties at all times, and believes that the $5.52 per share price was a fair and reasonable one. Defendant also denies the allegations that Plaintiffs or any other members of the Class have suffered damages as a result of his alleged conduct.

The Court did not decide in favor of Plaintiffs or the Defendant. Instead, both sides agreed to a Settlement. That way, they avoid the cost of a trial, and eligible Class Members who make valid claims will get compensation. Plaintiffs and their attorneys think the Settlement is in the best interests of all Class Members.

Defendant has agreed to pay or cause Eleven Million Dollars ($11,000,000) in cash to be paid into escrow.

Each Class Member wishing to participate in the distribution must timely submit a valid Proof of Claim and Release form establishing membership in the Class and proof that he, she, or it owned Force Protection common stock during the Class Period and tendered his, her, or its shares for $5.52 per share or were cashed out of their Force Protection shares in the back-end merger for $5.52 per share, and provide proof of the number of shares tendered or cashed out pursuant to the Acquisition, and include all required documentation.

The Class is represented by the law firms of Robbins Geller Rudman & Dowd LLP, Levi & Korsinsky LLP and Faruqi & Faruqi, LLP. These lawyers are called Plaintiffs’ Counsel.

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Pendency and Proposed Settlement of Class Action (the "Notice") and the Stipulation of Settlement, both of which can be found and downloaded from this website. We recommend that you read the Notice and other relevant case documents carefully.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

REMAIN A MEMBER OF THE CLASS This is the only way to get a payment. If you wish to obtain a payment as a Class Member, you will need to file a Proof of Claim and Release form postmarked or received no later than June 29, 2015.
EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION  Get no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendant or other Released Persons about the Released Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING WRITTEN OBJECTIONS FILED WITH THE COURT AND SERVED BY HAND DELIVERY OR OVERNIGHT MAIL ON COUNSEL Write to the Court and explain why you do not like the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and expenses. You cannot object to the Settlement unless you are a Class Member and do not exclude yourself.
GO TO THE HEARING AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED BY THE COURT AND THE PARTIES’ COUNSEL  Ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and expenses.
DO NOTHING Get no payment. Remain a Class Member. Give up your rights to pursue further litigation against the Released Persons about the Released Claims.

DEADLINES

Deadline to Submit Proof of Claim: June 29, 2015
Request Exclusion from Class: May 20, 2015
File Objection to the Settlement: May 27, 2015
Court Hearing on Fairness of Settlement: June 10, 2015 at 9:00 a.m.