Felix

Felix v. Symantec Corporation

Good Law
United States District Court, Northern District of CaliforniaFebruary 10, 20223:18-cv-02902California5,217 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SEB INVESTMENT MANAGEMENT AB, individually and on behalf of all others similarly situated, No. C 18-02902 WHA

Plaintiffs,

v.

ORDER GRANTING FINAL

APPROVAL OF CLASS ACTION

SYMANTEC CORPORATION and SETTLEMENT AND PLAN OF

GREGORY S. CLARK, ALLOCATION, AND GRANTING

15 ATTORNEY'S FEES AND Defendants.

LITIGATION EXPENSES

17 INTRODUCTION In this securities class action under Sections 10(b), 20(a), and 20A of the 1934 Securities Exchange Act, 15 U.S.C. § 78a et seq., and Securities and Exchange Commission Rule promulgated thereunder, lead plaintiff moves for final approval of a $70 million class action settlement. Because the settlement is fair, reasonable, and adequate, final approval is GRANTED. The plan of allocation is APPROVED. Class counsel moves for an award of attorney’s fees in the amount $13.3 million. The amount is reasonable and fair measured both by the percent-of-fund method and by the…

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