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Bernstein Litowitz Berger & Grossmann LLP Announce a Proposed contract in the Symantec organization Securities Litigation | 250-314 Questions and Answers and Practice Questionslabeled in: Science and know-how, enterprise
long island, Oct. 8, 2021 /PRNewswire/ --
u.s. DISTRICT COURTNORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION
SEB funding administration AB,in my view and on behalf of all otherssimilarly founded,
SYMANTEC service provider andGREGORY S. CLARK,
Case No. 3:18-cv-02902-WHA
Dept.: court 12, 19th floor
choose: Honorable William Alsup
summary observe OF (I) PROPOSED SETTLEMENTAND PLAN OF ALLOCATION; (II) contract hearing; AND(III) motion FOR ATTORNEYS' charges AND LITIGATION expenses
To: All persons and entities that, during the duration from may also 11, 2017 to August 2, 2018, inclusive (the "category duration"), purchased or in any other case got shares of the publicly traded regular inventory of Symantec employer ("Symantec") and have been damaged thereby (the "classification").1
PLEASE examine THIS note cautiously; YOUR RIGHTS will be affected by THE agreement OF a category action LAWSUIT PENDING in this courtroom.
you're HEREBY NOTIFIED, pursuant to Rule 23 of the Federal suggestions of Civil technique and an Order of the us District courtroom for the Northern District of California, that the court-appointed type representative, SEB funding management AB, on behalf of itself and the courtroom-certified category, in the above-captioned securities category motion (the "motion") has reached a proposed contract of the motion with defendants Symantec agency, now known as NortonLifeLock Inc. ("Symantec") and Gregory S. Clark (mutually, "Defendants") for $70,000,000 in money that, if authorised, will resolve all claims within the motion.
A listening to might be held on February 10, 2022 at eleven:00 a.m. Pacific Time, earlier than the Honorable William Alsup, both in adult at the u.s. District courtroom for the Northern District of California, San Francisco Courthouse, court 12 - nineteenth flooring, 450 Golden Gate Avenue, San Francisco, CA 94102, or by mobilephone or videoconference (in the discretion of the court) to investigate: (i) no matter if the proposed agreement should be permitted as reasonable, reasonably-priced, and enough; (ii) whether the action should be pushed aside with prejudice against Defendants, and the releases certain and described within the Stipulation and settlement of settlement dated June 8, 2021 may still be granted; (iii) no matter if the proposed Plan of Allocation should still be permitted as fair and in your price range; and (iv) even if Lead information's software for an award of attorneys' charges and price of costs should be accepted.
Lead guidance, which has been prosecuting the action on a unconditionally contingent basis, has no longer acquired any fee of attorneys' fees for their representation of the type and have advanced the dollars to pay charges always incurred to prosecute the motion. Lead information will apply to the court for an award of attorneys' expenses in an amount not to exceed 19% of the agreement Fund, or $13.3 million, plus pastime. additionally, Lead tips will observe for payment of Litigation charges in connection with the institution, prosecution, and determination of the action in an volume now not to exceed $2.5 million. the full notice and Administration charges are estimated to be $415,000. Any charges and fees awarded by the court docket might be paid from the contract Fund. type members aren't personally liable for this kind of fees or expenses. If the courtroom approves Lead suggestions's payment and expense utility, and in accordance with the current estimate of observe and Administration expenses, the element of the contract Fund that may be distributed to classification participants will be approximately $fifty three,785,000, plus pastime gathered.
if you purchased or in any other case bought Symantec typical inventory during the type period and are a member of the class, your rights can be affected by the pending motion and the agreement, and you can be entitled to share within the web agreement Fund. if you haven't yet got the whole printed note of (I) Proposed contract and Plan of Allocation; (II) settlement listening to; and (III) movement for Attorneys' charges and Litigation charges (the "settlement observe") and the claim kind, you may also attain copies of those documents via contacting the Claims Administrator at Symantec Securities Litigation, c/o A.B. information, P.O. field 173106, Milwaukee, WI 53217, 1-800-949-0206, information@SymantecSecuritiesLitigation.com. Copies of the agreement word and declare form can also be downloaded from the site for the action, www.SymantecSecuritiesLitigation.com.
when you are a category Member, in order to be eligible to get hold of a charge beneath the proposed contract, you ought to put up a declare kind online or postmarked no later 28 days after the courtroom approves the agreement. The closing date can be as early as March 10, 2022. The settlement website, www.SymantecSecuritiesLitigation.com, should be updated to notify category participants of the approval of the settlement, if and when that occurs. if you're a category Member and do not put up a proper declare form, you usually are not eligible to share within the distribution of the internet proceeds of the agreement but you're going to on the other hand be bound by way of any judgments or orders entered by means of the court within the motion.
if you're a member of the category and want to exclude yourself from the category, you have to submit a request for exclusion such that it is received no later than January 13, 2022 at the hours of darkness, according to the instructions set forth in the word. in case you correctly exclude yourself from the class, you aren't bound by means of any judgments or orders entered by using the court within the action and you will now not be eligible to share within the proceeds of the contract or object to the settlement.
Any objections to the proposed contract, the proposed Plan of Allocation, and/or category assistance's utility for attorneys' costs and fee of expenses, should be filed with the courtroom and brought to type information and information for Defendants such that they are got no later than January 13, 2022 in the dark, in response to the directions set forth in the contract word.
Please do not contact the court docket, the Clerk's office, Symantec, any other Defendants within the action, or their assistance regarding this be aware. All questions on this note, the proposed contract, or your eligibility to participate within the agreement should still be directed the Claims Administrator or classification assistance.
Requests for the settlement note and claim kind should still be made to:
Symantec Securities Litigationc/o A.B. statistics, Ltd.P.O. box 173106Milwaukee, WI 532171-800-949-0206info@SymantecSecuritiesLitigation.comwww.SymantecSecuritiesLitigation.com
Inquiries, other than requests for the agreement observe and declare kind, may be made to classification tips:
Bernstein Litowitz Berger & Grossmann LLPJeremy P. Robinson, Esq.1251 Avenue of the AmericasNew York, big apple email@example.com
by Order of the court docket
supply:Bernstein Litowitz Berger & Grossmann LLP
1 definite men and women and entities are excluded from the category by means of definition and others are excluded pursuant to request. the complete definition of the category together with an entire description of who is excluded from the type is decided forth in the full contract note referred to below.
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