Robbins Geller Rudman & Dowd LLP Announces Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court for the Eastern District of Pennsylvania:

UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF PENNSYLVANIA
In re CONSTAR INT’L INC. SECURITIES LITIGATION	) )	Master File No. 03cv05020
This Document Relates To: ALL ACTIONS.	) )	CLASS ACTION SUMMARY NOTICE

TO: ALL PERSONS WHO PURCHASED CONSTAR INTERNATIONAL INC. (“CONSTAR”) COMMON STOCK PURSUANT OR TRACEABLE TO THE REGISTRATION STATEMENT/PROSPECTUS FOR CONSTAR’S NOVEMBER 14, 2002 INITIAL PUBLIC OFFERING

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Eastern District of Pennsylvania, a hearing will be held on December 19, 2012, at 11:00 a.m., before the Honorable Edmund V. Ludwig, at the James A. Byrne United States Courthouse, 601 Market Street, Philadelphia, PA 19106, for the purpose of determining: (1) whether the proposed settlement of the Action for the sum of $23,500,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated August 31, 2012; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; (4) the reasonableness of the application of Lead Plaintiffs’ counsel for the payment of attorneys’ fees and expenses incurred in connection with this Litigation, together with interest thereon; and (5) the reasonableness of an award to Lead Plaintiffs for their service to the Class.

If you purchased Constar common stock in the initial public offering, your rights may be affected by this Litigation and the settlement thereof. If you have not received a detailed Notice of Proposed Settlement, Motion for Attorneys’ Fees and Expenses and Settlement Fairness Hearing and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Constar Int’l Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, by calling toll-free [phone], or by downloading this information at www.gilardi.com. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked no later than January 3, 2013, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing, to the above address, postmarked by December 5, 2012. If you excluded yourself pursuant to the Notice of Pendency of Class Action mailed in July 2011, you need not do so again.

Any objection to the Settlement must be filed with the Court and received by counsel listed below no later than December 5, 2012.

ROBBINS GELLER RUDMAN & DOWD LLP
ELLEN GUSIKOFF STEWART
655 West Broadway, Suite 1900
San Diego, CA 92101
Counsel for Lead Plaintiffs

and

DECHERT LLP
STEVEN B. FEIRSON
MICHAEL S. DOLUISIO
STUART T. STEINBERG
Cira Centre
2929 Arch Street
Philadelphia, PA 19104

MORGAN, LEWIS & BOCKIUS LLP
MARC J. SONNENFELD
1701 Market Street
Philadelphia, PA 19103

Counsel for Defendants

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED: September 14, 2012

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF PENNSYLVANIA