Exhibit 99.3
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF GEORGIA
ATLANTA DIVISION
IN RE: | : | CHAPTER 11 | ||
| : | ||||
CDC CORPORATION, | : | CASE NO. 11-79079 | ||
| : | ||||
Debtor. | : | JUDGE BONAPFEL |
NOTICE OF HEARING
PLEASE TAKE NOTICEthat CDC Corporation, Debtor and Debtor-in-Possession (“Debtor”) in the above captioned case, has filed a Motion for Entry of an Order Pursuant to Rule 9019(a) of the Federal Rules of Bankruptcy Procedure: (1) Authorizing and Approving a Settlement Agreement Resolving Disputes Between Debtor, the Equity Committee, Evolution Parties, and Defendant Parties in Related Litigation; (2) Authorizing and Approving a Settlement Agreement Resolving Disputes Between Debtor, the Equity Committee, and Director and Officer and Other Parties, and (3) Authorizing the Release of the Evolution Reserve and the Litigation Expense Reserve” filed on December 12, 2012 (the “Settlement Motion”) and seeks entry of an order granting the Motion and approving a settlement comprised of two separate but interdependent written agreements. The settlement agreements are attached to the Motion as Exhibits “A” and “B.” In general, the settlement provides as follows:
| A. | Following entry of an order approving the settlement agreements, the Debtor shall pay the Evolution Parties the sum of Seven Million Eight Hundred Thousand Dollars ($7,800,000.00) in settlement of litigation commenced by the Evolution Parties against some of Debtor’s former officers and directors and others and in settlement of a proof of claim filed by Evolution Capital Management, and CDC Software will contemporaneously pay the Debtor $400,000.00; |
| B. | The Parties shall mutually release each other from all claims related to or arising out of the New York Action.; |
| C. | The New York Action and the Adversary Proceeding will be dismissed with prejudice; |
| D. | ECM will withdraw the ECM Proof of Claim; and |
| E. | Sums reserved for the Evolution claims and indemnified litigation costs, in the aggregate approximately $41,000,000.00, will be released for the benefit of the Estate. |
PLEASE TAKE FURTHER NOTICEthat the Court will hold a hearing on Motion in Courtroom 1401, United States Courthouse, 75 Spring Street, S.W., Atlanta, Georgia, at10:00 a.m. on December 18, 2012.
Your rights may be affected by the court’s ruling on these pleadings. You should read these pleadings carefully and discuss them with your attorney, if you have one in this bankruptcy case. (If you do not have an attorney, you may wish to consult one.) If you do not want the court to grant the relief sought in these pleadings or if you want the court to consider your views, then you and/or your attorney must attend the hearing. You may also file a written response to the pleading with the Clerk at the address stated below, but you are not required to do so. If you file a written response, you must attach a certificate stating when, how and on whom (including addresses) you served the response. Mail or deliver your response so that it is received by the Clerk at least two business days before the hearing. The address of the Clerk’s Office is: Clerk, U. S. Bankruptcy Court, Suite 1340, 75 Spring Street, Atlanta, Georgia 30303. You must also mail a copy of your response to the undersigned at the address stated below.
This 13th day of December, 2012.
| LAMBERTH, CIFELLI, STOKES, | ||||||
| ELLIS & NASON, P.A. | ||||||
| Attorneys for Debtor | ||||||
3343 Peachtree Road NE, Suite 550 | By: | /s/ William D. Matthews | ||||
Atlanta, GA 30326 | William D. Matthews | |||||
(404) 262-7373 | Georgia Bar No. 470865 | |||||
(404) 262-9911 (facsimile) | wdm@lcsenlaw.com | |||||
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CERTIFICATE OF SERVICE
This is to certify that I have this day served a true and correct copy of the foregoing Notice upon all those parties listed below by electronic mail as shown:
David S. Weidenbaum
James H. Morawetz
Office of the United States Trustee
362 Richard B. Russell Building
75 Spring Street, S.W.
Atlanta, GA 30303
david.s.weidenbaum@usdoj.gov
jim.h.morawetz@usdoj.gov
C. Edward Dobbs
James S. Rankin
Joshua J. Lewis
Parker, Hudson, Rainer & Dobbs, LLP
1500 Marquis Two Tower
285 Peachtree Center Avenue, N.E.
Atlanta, GA 30303
jrankin@phrd.com
edobbs@phrd.com
jlewis@phrd.com
Timothy T. Brock
Aaron M. Zeisler
Abigail Snow
Satterlee Stephens Burke & Burke, LLP
230 Park Avenue, 11th Floor
New York, NY 10169
tbrock@ssbb.com
azeisler@ssbb.com
asnow@ssbb.com
Thomas J. Fleming
Olshan Grundman Frome Rosenzweig & Wolosky, LLP
Park Avenue Tower
65 East 55th Street
New York, NY 10022
tfleming@olshanlaw.com
Gus H. Small
Anna Mari Humnicky
Cohen Pollock Merlin & Small, P.C.
3350 Riverwood Parkway, Suite 1600
Atlanta, GA 30339
gsmall@cpmas.com
ahumnicky@cpmas.com
Alan Kolod
Alan E. Gamza
Abraham Y. Skoff
Moses & Singer, LLP
The Chrysler Building
405 Lexington Avenue
New York, NY 10174
akolod@mosessinger.com
agamza@mosessinger.com
askoff@mosessinger.com
J. Robert Williamson
John T. Sanders, IV
Scroggins & Williamson, P.C.
1500 Candler Building
127 Peachtree Street, N.E.
Atlanta, GA 30303
rwilliamson@swlawfirm.com
jsanders@swlawfirm.com
Jeffrey W. Kelley
J. David Dantzler, Jr.
Stephen S. Roach
Troutman Sanders, LLP
600 Peachtree Street, N.E., Suite 5200
Atlanta, GA 30308-2216
jeffrey.kelley@troutmansanders.com
david.dantzler@troutmansanders.com
stephen.roach@troutmansanders.com
David W. Cranshaw
Morris, Manning & Martin, LLP
3343 Peachtree Road, N.E., Suite 1600
Atlanta, GA 30326
dwc@mmmlaw.com
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Nicole L. Greenblatt
Alexandra P. Kolod
Kirkland & Ellis, LLP
601 Lexington Avenue
New York, NY 10022
ngreenblatt@kirkland.com
alexandra.kolod@kirkland.com
Stuart Casillas
Kirkland & Ellis, LLP
555 California Street
San Francisco, CA 94104
stuart.casillas@kirkland.com
Joseph D. Stutz, General Counsel
CDC Corporation
2002 Summit Boulevard, Suite 700
Atlanta, GA 30319
jstutz@cdcgs.com
Marcus A. Watson, Chief Restructuring Officer
CDC Corporation
c/o Finley, Colmer and Company
5565 Glenridge Connector, Suite 300
Atlanta, GA 30342
marc@finleycolmer.net
Henry F. Sewell, Jr.
David E. Gordon
McKenna Long & Aldridge LLP
303 Peachtree Street, Suite 5300
Atlanta, GA 30308
hsewell@mckennalong.com
dgordon@mckennalong.com
Eric Lopez Schnabel
Robert W. Mallard
Jessica Mikhailevich
Dorsey & Whitney, LLP
51 W. 52nd Street
New York, NY 10019
schnabel.eric@dorsey.com
mallard.robert@dorsey.com
mikhailevich.jessica@dorsey.com
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Raj Gulati
Broad Crossing, Inc.
6 Cornish Court
Dix Hills, NY 11746
rgulati@broadcrossing.com
Rajan Vaz
29 Rosenbrook Drive
Lincoln Park, NJ 07035
Rajan_vaz@yahoo.com
Arthur J. Steinberg
King & Spalding, LLP
1185 Avenue of the Americas
New York, NY 10036
asteinberg@kslaw.com
Daniel P. Goldberg
Holwell Shuster & Goldberg, LLP
335 Madison Avenue, 9th Floor
New York, NY 10017
dgoldberg@hsgllp.com
Susan R. Sherrill-Beard
Senior Trial Counsel/Bankruptcy
U.S. Securities and Exchange Commission
Atlanta Regional Office
3475 Lenox Road, N.E., Suite 1000
Atlanta, GA 30326-1232
Sherrill-BeardS@sec.gov
Jesse H. Austin, III
Paul, Hastings, Janofsky & Walker LLP
600 Peachtree Street, N.E., Suite 2400
Atlanta, GA 30308
jessaustin@paulhastings.com
Scott B. Riddle
Suite 1530 Tower Place
3340 Peachtree Road, N.E.
Atlanta, GA 30326
sbriddle@mindspring.com
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Michael H. Goldstein
Stutman, Treister & Glatt
1901 Avenue of the Stars, 12th Floor
Los Angeles, CA 90067
mgoldstein@stutman.com
Lee B. Hart
Greenberg Traurig, LLP
Terminus 200
3333 Piedmont Road, Suite 2500
Atlanta, GA 30305
hartle@gtlaw.com
Scott A. Cummings
Dorsey & Whitney
Kearns Building
136 South Main Street, Suite 1000
Salt Lake City, UT 84101
cummings.scott@dorsey.com
Steve Estep
Cohen, Cooper, Estep & Allen
3330 Cumberland Boulevard, Suite 600
Atlanta, GA 30339
sestep@ccealaw.com
Erin N. Brady
Jones Day
555 South Flower Street, 15th Floor
Los Angeles, CA 90071
enbrady@JonesDay.com
Charles T. Spada
Lankler Siffert & Wohl LLP
500 Fifth Avenue, 33rd Floor
New York, NY 10110
CSpada@lswlaw.com
Karen A. Grus
Holwell Shuster & Goldberg LLP
335 Madison Avenue, 9th Floor
New York, NY 10017
kgrus@hsgllp.com
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Stephen S. Roach
Troutman Sanders LLP
Bank of America Plaza
600 Peachtree Street, Suite 5200
Atlanta, GA 30308
stephen.roach@troutmansanders.com
This 13thday of December, 2012.
/s/ William D. Matthews | ||||||
| 3343 Peachtree Road NE, Suite 550 | William D. Matthews | |||||
| Atlanta, GA 30326 | Georgia Bar No. 470865 | |||||
| (404) 262-7373 | WDM@lcsenlaw.com | |||||
| (404) 262-9911 (facsimile) |
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