$10 Million Class Action Settlement Proposed on Behalf of Purchasers of Publicly...

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Tue Sep 2, 2008 10:22am EDT

$10 Million Class Action Settlement Proposed on Behalf of Purchasers of
Publicly Traded Common Stock of U.S. Auto Parts Network, Inc. (PRTS)

LOS ANGELES, Sept. 2 /PRNewswire-USNewswire/ -- TO: ALL PERSONS WHO
PURCHASED THE PUBLICLY-TRADED COMMON STOCK OF U.S. AUTO PARTS NETWORK, INC.
("U.S. AUTO") (Nasdaq: PRTS) BETWEEN FEBRUARY 9, 2007 AND MARCH 20, 2007,
INCLUSIVE:
    YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States
District Court for the Central District of California, that a hearing will be
held on September 29, 2008 at 8:30 a.m., before the Honorable George H. Wu at
the United States Courthouse, 312 N. Spring Street, Courtroom 10, Los Angeles,
CA, 90012, for the purpose of determining: (1) whether the proposed settlement
of the claims in the Litigation for the sum of $10,000,000 in cash should be
approved by the Court as fair, reasonable, and adequate; (2) whether, after
the hearing, this Litigation should be dismissed with prejudice pursuant to
the terms and conditions set forth in the Stipulation of Settlement dated as
of May 1, 2008; (3) whether the Plan of Allocation should be approved by the
Court as fair, reasonable, and adequate; and (4) whether Lead Counsel's
application for the payment of attorneys' fees and reimbursement of expenses
incurred in this Litigation should be approved.
    If you purchased the publicly-traded common stock of U.S. Auto between
February 9, 2007 and March 20, 2007, your rights may be affected by the
settlement of this Litigation.  If you have not received a detailed Notice of
Pendency of Class Action and Proposed Settlement with all Defendants, Motion
for Attorneys' Fees and Settlement Fairness Hearing ("Notice"), and a copy of
the Proof of Claim and Release, you may obtain copies by writing to U.S. Auto
Parts Network, Inc. Securities Litigation, c/o Complete Claim Solutions, LLC,
P.O. Box 24643, West Palm Beach, FL  33416.  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 postmarked no later than October 29, 2008,
establishing that you are entitled to recovery.
    PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS
NOTICE.  If you have any questions about the settlement, you may contact Lead
Counsel for Plaintiffs at the address listed below:
    FOR LEAD PLAINTIFF:
    Lewis S. Kahn
    KAHN GAUTHIER SWICK, LLC
    650 Poydras Street, Suite 2150
    New Orleans, LA 70130

    FOR DEFENDANTS:
    Nina F. Locker
    WILSON SONSINI GOODRICH & ROSATI P.C.
    650 Page Mill Road
    Palo Alto, CA 94304-1050

    Counsel for Defendants U.S. Auto Parts Network, Inc., Sol Khazani, Mehran
Nia, Michael J. McClane, Richard E. Pine, Robert T. Majteles, Frederic W.
Harman, Ellen F. Siminoff, and Oak Investment Partners XI, LLC
    Robert A. Sacks
    SULLIVAN & CROMWELL LLP
    1888 Century Park East
    Los Angeles, CA 90067

    Counsel for Defendants RBC Capital Markets Corporation, Thomas Weisel
Partners LLC, Piper Jaffray & Co. and JMP Securities LLC
    DATED: June 13, 2008
    BY ORDER OF THE COURT
    UNITED STATES DISTRICT COURT
    CENTRAL DISTRICT OF CALIFORNIA

SOURCE  Complete Claim Solutions, LLC

Lewis S. Kahn of Kahn Gauthier Swick, LLC, +1-504-455-1400
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