NLMP National Lampoon Inc (CE)

The Rosen Law Firm, P.A. announces that the United States District Court Central District of California Western Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of National Lampoon, Inc. (Pink Sheets:NLMP):

SUMMARY NOTICE OF CLASS ACTION SETTLEMENT

TO: ALL PERSONS WHO PURCHASED THE PUBLICLY TRADED COMMON STOCK OF NATIONAL LAMPOON, INC. DURING THE PERIOD FROM MARCH 1, 2008 THROUGH DECEMBER 15, 2008, 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 June 18, 2012 at 1:30 p.m. in courtroom 15 before the Honorable Percy Anderson, United States District Judge of the Central District of California, 312 N. Spring Street, Los Angeles, CA 90012 (the "Settlement Hearing") for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $1,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds is fair, reasonable, and adequate; (3) whether the application for an award of attorneys' fees of one-third of the Settlement amount and reimbursement of expenses of not more than $50,000, and an incentive payment of $1,500 to each of the three lead plaintiffs, should be approved; and (4) whether the Litigation should be dismissed with prejudice.

If you purchased common stock of National Lampoon, Inc. during the class period from March 1, 2008 through December 15, 2008, inclusive, your rights may be affected by the Settlement of this Action. If you have not received a detailed Notice of Pendency and Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to National Lampoon Securities Litigation, Claims Administrator, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA 19063 or by calling Tel: (866) 274-4004 or going to the website, www.strategicclaims.net. If you are a member of the Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release no later than June 13, 2012, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Litigation whether or not you make a claim. If you desire to be excluded from the Class, you must submit a request for exclusion postmarked by June 13, 2012, in the manner and form explained in the detailed Notice to the Claims Administrator.

Any objection to the Settlement, Plan of Allocation, or the Lead Plaintiff's Counsel's request for an award of attorneys' fees and reimbursement of expenses must be in the manner and form explained in the detailed Notice and mailed or delivered such that it is received by each of the following no later than May 29, 2012:

Clerk of the Court United States District Court Central District of California Western Division 312 N. Spring Street Los Angeles, CA 90012	Laurence M. Rosen The Rosen Law Firm, P.A. 355 South Grand Avenue Suite 2450 Los Angeles, CA 90071 Attorneys for Plaintiffs and the Class	Addison Adams Richardson & Patel LLP 10900 Wilshire Boulevard Suite 500 Los Angeles, CA 90024 Attorneys for National Lampoon, Inc.
If you have any questions about the Settlement, you may call or write to Lead Plaintiffs' Counsel:
Laurence M. Rosen The Rosen Law Firm, P.A. 355 South Grand Avenue, Suite 2450 Los Angeles, CA 90071 Telephone: (213) 785-2610  Facsimile: (213) 226-4684
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.
DATED: MARCH 12, 2012
BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA

CONTACT: Strategic Claims Services
         (610) 565-9202
         Fax: (610) 565-7985
         600 N. Jackson Street, Suite 3
         Media, PA 19063