Update on the Distribution of Net Settlement Funds
The Court has approved the distribution of the net settlement funds to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following date/s:
July 15, 2022
Jul 2, 2024

Subsequent distributions will occur on a rolling basis.

If you have any questions, please contact the Claims Administrator whose contact information is listed here below:
877-313-0184, Info@TileShopStockholderLitigation.com

The information contained on this website is only a summary of the information presented in more detail in the Notice of Proposed Settlement of Class and Derivative Action, Settlement Hearing, and Right to Appear. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

Plaintiffs K-Bar Holdings LLC and Wynnefield Capital, Inc. (together, “Plaintiffs”), on behalf of themselves and each of the Class Members and derivatively on behalf of the Company, have reached a proposed settlement of the above-captioned consolidated class and derivative action (the “Action”) in exchange for a cash payment of $12 million (the “Cash Settlement Amount”) and certain non-monetary benefits as described in paragraphs 31-38 of the Notice (the “Settlement”).  On October 13, 2020, the Delaware Court of Chancery (the “Court”), finally approved the Settlement, thereby resolving all claims in the Action.  Defendants have denied and continue to deny the allegations asserted against them in the Action.

Please read the Notice to fully to understand your rights and options.

The distribution motion was filed on April 22, 2022. The Court entered the Order Approving the Distribution Plan on May 5, 2022. The initial distribution occurred on July 15, 2022. The second distribution occurred on July 2, 2024. Subsequent distributions will occur on a rolling basis in accordance with the court order, provided that net settlement funds are available.

How do I obtain more information?

More detailed information about the Action and the Settlement is contained in the Notice. If you have questions, you may contact the Claims Administrator by calling toll-free 1-877-313-0184; emailing info@TileShopStockholderLitigation.com; or mailing a letter to:

Tile Shop Stockholder Litigation
c/o JND Legal Administration
P.O. Box 91376
Seattle, WA 98111

Inquiries should NOT be directed to the Court, the Clerk of the Court, Defendants, or their counsel.