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The Honorable Richard A. Jones UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON AT SEATTLE IN RE: WSB FINANCIAL GROUP Master File No. C07-1747RAJ SECURITIES LITIGATION SUMMARY NOTICE OF PROPOSED SETTLEMENT, SETTLEMENT FAIRNESS HEARING AND PETITION FOR ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES
TO: ALL PERSONS AND ENTITIES WHO PURCHASED THE COMMON STOCK OF WSB FINANCIAL GROUP, INC. PURSUANT TO OR TRACEABLE TO THE COMPANY'S REGISTRATION STATEMENT ISSUED IN CONNECTION WITH WSB FINANCIAL'S INITIAL PUBLIC OFFERING:
YOU ARE HEREBY NOTIFIED that the above-captioned action has been certified as a class action for purposes of a proposed settlement with Defendants WSB Financial Group, Inc. ("WSB") and David K. Johnson, Mark Freeman, Richard N. Christopherson, James H. Lamb, Brian B. McLellan, Dean Reynolds, Donald H. Tucker, Louis J. Weir, and Larry C. Westfall, valued at $4.85 million in cash. The settlement also affects your rights concerning Defendant D.A. Davidson & Co. A hearing will be held before the Honorable Richard A. Jones at the United States District Court for the Western District of Washington, 700 Stewart Street, Seattle, WA 98101 at 9:00 A.M. on March 27, 2009, to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate, whether the Plan of Allocation is fair and equitable and therefore should be approved in connection with this Settlement, and to consider the application of Lead Counsel for attorneys' fees and reimbursement of litigation expenses.
IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY THE SETTLEMENT, AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the Notice of: (1) Pendency of Class Action, and (2) Hearing on Proposed Settlement and Attorneys' Fee Petition and Right to Share in Net Settlement Fund (the "Notice") and Proof of Claim and Release form ("Claim Form"), you may obtain copies of these documents by contacting: In re WSB Financial Group Securities Litigation, c/o The Garden City Group, Inc, P.O. Box 91179, Seattle, WA 98111-9279. Copies of the Notice and Claim Form may also be downloaded from: www.blbglaw.com or www.GardenCityGroup.com. If you are a Class Member, in order to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form no later than February 19, 2009, establishing that you are entitled to a recovery. You will be bound by any judgment entered in the Action whether or not you make a Claim.
If you desire to be excluded from the Settlement Class, you must submit a request for exclusion by February 19, 2009, in the manner and form explained in the Notice. All Class Members who do not request exclusion from the Class will be bound by any judgment entered in the Action.
Any objection to the proposed Settlement, Plan of Allocation or application for attorneys' fees and reimbursement of litigation expenses must be filed with the Court and delivered to counsel for the parties no later than February 19, 2009, in the manner and form set forth in the Notice.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. Inquiries, other than requests for the Notice and Claim Form, may be made to Lead Counsel:
David R. Stickney Timothy A. DeLange BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 12481 High Bluff Drive, Suite 300 San Diego, CA 92130 (888) 924-1888 www.blbglaw.com Dated: November 21, 2008 BY ORDER OF THE COURT
SOURCE Bernstein Litowitz Berger & Grossmann LLP
http://www.blbglaw.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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