Felix
Felix v. Symantec Corporation
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…