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Preliminary Settlement Approved in Payless ShoeSource Text Messages Class Action

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San Francisco, CA: A proposed settlement (the "Settlement Agreement") has been reached in the unfair business practices lawsuit against Payless ShoeSource, Inc. ("Payless" or "Defendant"). You may be a Member of the Settlement Class and might be eligible to receive a merchandise certificate worth up to $25 if you are a person who received one or more text messages promoting Payless products between October 29, 2005 and October 4, 2010. If you are a Settlement Class Member and the Court gives final approval to the Settlement Agreement:

You may be entitled to receive a $25 merchandise certificate (a "Settlement Payment") or a lesser pro rata amount if the total of all claims exceeds $6,000,000.

If you are a Settlement Class Member and would like to receive your Settlement Payment, you must submit a Claim Form, either through the mail or online at the claims administrator's website. You will be giving up legal claims against Defendant and other related entities. Your claim must be submitted or postmarked no later than February 6, 2012.

If you do nothing, you will not receive your Settlement Payment. You will, however, still be giving up legal claims against Defendant and other related entities.

If you exclude yourself, you will receive no benefits, but you will not be giving up your right to sue Defendant or related entities.

To object, write to the Court about why you don't like the Settlement Agreement and do not want it to be approved. Whether or not you file a claim, you may also object to the settlement.

To obtain further information about this settlement and to access forms go to paylesstextsettlement.com.

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