The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of DS Healthcare Group, Inc. – DSKX

FORT LAUDERDALE, Fla., June 12, 2017 -- The Rosen Law Firm, P.A. announces that the United States District Court for the Southern District of Florida has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of DS Healthcare Group, Inc. (OTCMKTS:DSKX):

SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT

TO:  ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED SECURITIES OF DS Healthcare Group, Inc. ON NASDAQ FROM May 15, 2014 through April 3, 2016, INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of Florida, that a hearing will be held on September 28, 2017, at 1:15 p.m. before the Honorable William P. Dimitrouleas, United States District Judge of the Southern District of Florida, 299 East Broward Boulevard, Fort Lauderdale, FL 33301, Courtroom # 205b, for the purpose of determining: (1) whether the proposed settlement of the claims in the above-captioned Action for consideration including the sum of $2,100,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to allocate the settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Class Counsel for an award of attorneys’ fees of up to one third of the Settlement Amount, reimbursement of expenses of not more than $25,000, and an incentive payment of no more than $10,000 in aggregate to Class Representatives, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement dated May 26, 2017 (the “Settlement Stipulation”).

If you purchased the securities of DS Healthcare Group Inc. (“DS Healthcare”) on the NASDAQ during the period from May 15, 2014 through April 3, 2016, both dates inclusive (the “Settlement Class”), your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in DS Healthcare securities.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release Form, you may obtain copies by writing to or calling the Claims Administrator: In re DS Healthcare Group, Inc. Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 3, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985; [email protected], or going to the website, www.strategicclaims.net.  If you are a member of the Settlement Class, 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 August 15, 2017 to the Claims Administrator, establishing that you are entitled to recovery.  Unless you submit a written exclusion request, you will be bound by any judgment rendered 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 so that it is received no later than August 15, 2017, in the manner and form explained in the detailed Notice to the Claims Administrator.  All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the Settlement Stipulation.

Any objection to the Settlement, Plan of Allocation, or Class Counsel’s request for an award of attorneys’ fees and reimbursement of expenses and award to Class Representatives must be in the manner and form explained in the detailed Notice and received no later than September 14, 2017, to the following:

Laurence M. Rosen, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY  10016

Class Counsel

If you have any questions about the Settlement, you may call or write to the Claims Administrator or Class Counsel at the addresses provided above.

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

Dated: June 1, 2017

__________________________________
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF FLORIDA