Welcome to the Advance Auto Parts, Inc. Securities Litigation Settlement Website

In re Advance Auto Parts, Inc. Securities Litigation (Case No. 18-CV-00212-RTD-SRF)

United States District Court

District of Delaware

PLEASE NOTE: Per docket #364, the Final Approval Hearing on June 13, 2022 at 10:00 AM EST is now occurring via Zoom.

Please see the below instructions for accessing the hearing:  

Via Web 

Join ZoomGov Meeting Click here.

Meeting ID: 160 650 9666 

Passcode: 512558  

 

Via Telephone 

Dial by your location       

+1 669 254 5252 US (San Jose)       

+1 646 828 7666 US (New York)       

 +1 551 285 1373 US        

 +1 669 216 1590 US (San Jose) 

Meeting ID: 160 650 9666 

Passcode: 512558

This website has been established to provide general information regarding the proposed settlement (“Settlement”) of the class action captioned In re Advance Auto Parts, Inc. Securities Litigation, Case No. 18-CV-00212-RTD-SRF, pending in the United States District Court for the District of Delaware (“Court”). Capitalized terms used on this website and not otherwise defined shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement, dated December 23, 2021 (“Stipulation”).

Please be advised that your rights may be affected by the Settlement if you are a member of the following class certified by the Court pursuant to Memorandum Opinion and Order dated November 6, 2020:

All persons and entities who purchased or otherwise acquired the common stock of Advance Auto Parts, Inc. (“AAP”) between November 14, 2016 and August 15, 2017, inclusive, and were damaged thereby. Excluded from the Class are: (i) the Company; (ii) StarboardValue LP; (iii) Thomas R. Greco, Thomas Okray, and Jeffrey C. Smith (the “Excluded Individuals”); (iv) members of the Immediate Families of the Excluded Individuals; (v) the Company’s and Starboard’s subsidiaries and affiliates; (vi) any person who is or was an officer or director of the Company, Starboard, or any of the Company’s or Starboard’s subsidiaries or affiliates during the Class Period; (vii) any entity in which the Company, Starboard, or any Excluded Individual has a controlling interest; and (viii) the legal representatives, heirs, successors, and assigns of any such excluded person or entity. Also excluded from the Class are any persons and entities who or which submit a request for exclusion from the Class that is accepted by the Court.

Please also be advised that the Court-appointed Class Representative the Public Employees’ Retirement System of Mississippi (“Class Representative”), on behalf of itself and the Court-certified Class, and defendants AAP, Thomas R. Greco, and Thomas Okray (collectively, “Defendants”) have agreed to resolve the Action for $49,250,000 in cash. If approved, the Settlement will resolve all claims in the Action. The terms and provisions of the Settlement are contained in the Stipulation.

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Stipulation. We recommend that you read the Notice carefully to fully understand your rights.

If you have questions about the Notice, the Settlement, or your eligibility to participate in the Settlement, please DO NOT contact the Court, the Clerk’s Office, Defendants, or Defendants’ Counsel. All questions should be directed to Class Counsel or the Claims Administrator.

IMPORTANT DATES & DEADLINES

OBJECTION DEADLINE (Received by) May 23, 2022
EXCLUSION DEADLINE (Received by) May 23, 2022
CLAIM FILING DEADLINE (Postmarked by) June 9, 2022
FINAL APPROVAL HEARING June 13, 2022 at 10:00 am EST  

The information on this website, including the dates and deadlines set forth in the chart above, are subject to change.  Please continue to check this website for updates.