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In re Infineon Technologies Ag Securities Litigation

United States District Court, Ninth Circuit, California, N.D. California, San Francisco Division
Nov 2, 2011
Master C-04-4156-JW (N.D. Cal. Nov. 2, 2011)

Opinion

          Robbins Geller Rudman & Dowd LLP, John K. Grant, Christopher M. Wood, Robbins Geller Rudman & Dowd LLP, Joy Ann Bull, Murray Frank LLP, Brian P. Murray, Co-Lead Counsel for Plaintiffs.

          Vanoverbeke Michaud & Timmony, P.C., Michael J. Vanoverbeke, Thomas C. Michaud, Additional Counsel for Plaintiffs.


          [PROPOSED] ORDER APPROVING PLAN OF ALLOCATION OF SETTLEMENT PROCEEDS

          JAMES WARE, Chief District Judge.

         THIS MATTER having come before the Court on Plaintiff's application for approval of the Plan of Allocation of the net settlement proceeds in the above-captioned action; the Court having considered all papers filed and proceedings had herein and otherwise being fully informed in the premises;

         IT IS HEREBY ORDERED, ADJUDGED AND DECREED that:

         1. For purposes of this Order, the terms used herein shall have the same meanings as set forth in the Stipulation of Settlement dated June 20, 2011 (the "Stipulation").

         2. Pursuant to and in full compliance with Rule 23 of the Federal Rules of Civil Procedure, this Court hereby finds and concludes that due and adequate notice was directed to all Persons and entities who are Settlement Class Members advising them of the Plan of Allocation and of their right to object thereto, and a full and fair opportunity was accorded to all Persons and entities who are Settlement Class Members to be heard with respect to the Plan of Allocation.

         3. The Court hereby finds and concludes that the formula for the calculation of the claims of Authorized Claimants which is set forth in the Notice of Pendency and Proposed Settlement of Class Action (the "Notice") sent to Settlement Class Members, provides a fair and reasonable basis upon which to allocate the proceeds of the Net Settlement Fund established by the Stipulation among Settlement Class Members, with due consideration having been given to administrative convenience and necessity.

         4. The Court hereby finds and concludes that the Plan of Allocation set forth in the Notice is in all respects fair and reasonable and the Court hereby approves the Plan of Allocation.

         IT IS SO ORDERED.


Summaries of

In re Infineon Technologies Ag Securities Litigation

United States District Court, Ninth Circuit, California, N.D. California, San Francisco Division
Nov 2, 2011
Master C-04-4156-JW (N.D. Cal. Nov. 2, 2011)
Case details for

In re Infineon Technologies Ag Securities Litigation

Case Details

Full title:In re INFINEON TECHNOLOGIES AG SECURITIES LITIGATION. This Document…

Court:United States District Court, Ninth Circuit, California, N.D. California, San Francisco Division

Date published: Nov 2, 2011

Citations

Master C-04-4156-JW (N.D. Cal. Nov. 2, 2011)