Hot Topic, Inc. Securities Litigation
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Welcome to the Hot Topic, Inc. Securities Litigation Website

This website has been established to provide general information regarding the proposed Settlement of the consolidated action entitled In re Hot Topic, Inc. Securities Litigation, Lead Case No. 2:13-cv-02939-SJO(JCx) pending in the United States District Court for the Central District of California, Western Division before the Honorable S. James Otero. 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 April 30, 2015. Your rights may be affected by this settlement if you held Hot Topic, Inc. ("Hot Topic" or the "Company") common stock on the record date, May 3, 2013.

As described in Notice of Pendency and Proposed Settlement of Class Action (the "Notice"), the Litigation claims that the Proxy Statement disseminated to shareholders in connection with the merger of Hot Topic and Sycamore contained materially false and misleading statements and failed to include information concerning the Company’s long-range projections and revised projections in violation of §14(a) and §20(b) of the Securities Exchange Act of 1934. All Defendants deny they or their Related Parties did anything wrong or that Lead Plaintiff or other Members of the Class suffered any damage.

The Court did not decide in favor of Lead Plaintiff or the Defendants who are currently part of the case. Instead, all parties agreed to a Settlement. By agreeing to a Settlement, the parties avoid the cost and uncertainty of further litigation and a possible trial (including any appeals) and allow eligible Class Members who submit valid claims to receive a payment. Lead Plaintiff and its attorneys believe the Settlement is in the best interests of the Class.

Per the terms of the Settlement, Defendants have agreed to pay $14,900,000 in cash. The balance of this fund after payment of Court-approved attorneys’ fees and expenses, Lead Plaintiff expenses, and the costs of claims administration, including the costs of printing and mailing the Notice and Proof of Claim and Release form and the cost of publishing newspaper notice will be divided among all eligible Class Members who send in valid claim forms.

The Court appointed Robbins Geller Rudman & Dowd LLP to represent you and other Class Members. These lawyers are called Lead Counsel. You will not be charged directly for these lawyers. 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 of Settlement, 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.


SUBMIT A PROOF OF CLAIM FORM The only way to get a payment.
EXCLUDE YOURSELF Get no payment. This is the only option that allows you to participate in another lawsuit against the Defendants for the legal claims in this case.
OBJECT You may write to the Court if you do not like a certain aspect of the Settlement. You cannot object to the Settlement unless you are a Member of the Class and do not validly exclude yourself.
GO TO A HEARING You may ask to speak in Court about the fairness of the Settlement.
DO NOTHING Get no payment. Give up your rights.


Submit Claim: October 12, 2015                              
Request Exclusion: September 7, 2015
File Objection: September 7, 2015
Court Hearing on Fairness of Settlement: October 26, 2015