Description of the Action and the Settlement Class Sample Clauses

Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendants Dropbox, Xxxxxx X. Xxxxxxx, Xxxx X. Xxxxxx, Xxxxxxx X. Xxxxx, Xxxxx Xxxxxxxx, Xxxxxx X. Xxxxx, Xx., Xxxxxx X. Xxxxx, Xxxx X. Xxxxxx, Xxxxxxxxxxx Xxxx, R. Xxxxx Xxxxxxxx, and Xxxxxxxx X. Xxxxxxx (collectively, the “Individual Defendants,” and, together with Dropbox, the “Dropbox Defendants”), defendants Xxxxxxx Sachs & Co. LLC, X.X. Xxxxxx Securities LLC, Deutsche Bank Securities Inc., Xxxxx & Company LLC, BofA Securities, Inc., RBC Capital Markets, LLC, Xxxxxxxxx LLC, Macquarie Capital (USA) Inc., Canaccord Genuity LLC, JMP Securities LLC, KeyBanc Capital Markets Inc., and Xxxxx Xxxxxxx & Co. (collectively, the “Underwriter Defendants”), and defendants Sequoia Capital XII L.P., Sequoia Capital XII Principals Fund, LLC, Sequoia Technology Partners XII, L.P., and SC XII Management, LLC (collectively, the “Sequoia Defendants”) (Dropbox, the Individual Defendants, the Underwriter Defendants and the Sequoia Defendants are collectively referred to as the “Defendants”) violated the federal securities laws by making false and misleading statements in the Registration Statement and Prospectus issued in connection with Dropbox’s IPO. A more detailed description of the Action is set forth in paragraphs 11-20 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in paragraph 21 below.
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Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending putative securities class action brought by an Endo investor alleging, among other things, that Defendants violated the federal securities laws by making false and misleading statements and omissions. A more detailed description of the Action is set forth in ¶¶ 11-19 below. The Settlement, if approved by the Court, will settle the claims of the Settlement Class, as defined in ¶ 20 below.
Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging that Xxxxx River and certain of its executives, Xxxxxx X. Xxxxx, X. Xxxx Xxxxx, Xxxxx X. X’Xxxxxx, and Xxxxx X. Xxxxx (collectively, the “Individual Defendants”) violated the federal securities laws by making false and misleading statements regarding Xxxxx Xxxxx’s financial condition and alleged systemic policy of under- reserving for insurance claims during the Class Period. A more detailed description of the Action is set forth in paragraphs 11-26 below. If the Court approves the proposed Settlement, the Action will be dismissed and members of the Settlement Class (defined in paragraph 27 below) will settle and release all Released Plaintiffs’ Claims (defined in paragraph 40 below).
Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendants Genworth Financial, Inc. (“Genworth”), Xxxxxx X. XxXxxxxxx, and Xxxxxx X. Xxxxx (collectively, the “Defendants”) violated the federal securities laws by making false and misleading statements about Genworth’s long-term care (“LTC”) insurance business and reserves related thereto. A more detailed description of the Action is set forth in paragraphs 11-24 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in paragraph 25 below. Defendants have denied and continue to deny, among other things, that Lead Plaintiffs and Settlement Class Members have suffered any damages alleged in the Complaint; that the price of Genworth Securities was artificially inflated by reason of any alleged misrepresentations, omissions, or otherwise; that Defendants acted fraudulently or wrongfully in any way; that Defendants made any alleged material misrepresentation or omission; or that the alleged harm suffered by Lead Plaintiffs and other Settlement Class Members, if any, was causally linked to any alleged misrepresentations or omissions. In addition, Defendants maintain that they have meritorious defenses to all claims alleged in the action.
Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that Defendants K12 Inc. (“K12”), Xxxxxxxxx X. Xxxxx (“Xxxxx”), and Xxxxx X. Xxxx (“Xxxx”) (collectively, the “Defendants”)3 violated the federal securities laws by making false and misleading statements and omissions regarding K12. A more detailed description of the Action is set forth in paragraphs 11-24 below. The proposed Settlement, if approved by the Court, will settle all claims, both known and unknown, of the Settlement Class, as defined in ¶ 25 below.
Description of the Action and the Settlement Class. This Notice relates to a proposed settlement of claims in a pending securities class action brought by investors alleging, among other things, that Xxxxx Fargo (collectively with the Individual Defendants as defined in ¶ 12 below, “Defendants”) violated the federal securities laws by making false and misleading statements about Xxxxx Fargo’s compliance with consent orders it had entered into with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau (the “Regulators”) in 2018 (the “2018 Consent Orders”) to rectify certain improper banking practices and deficiencies in corporate oversight. A more detailed description of the Action is set forth in ¶¶ 11-16 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in ¶ 17 below.
Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendant ZBH, defendants Xxxxx X. Xxxxxx, Xxxxxx X. Xxxxxx, Xxxxxx X. Xxxxxxxx Xx., Xxxx X. Xxxxxxx (collectively the “Officer Defendants”), and defendants Xxxxxxxxxxx X. Xxxxxx, Xxxxx X. Xxxxxxx, Xxxx X. Xxxxxx, Xxxx X. Xxxxxxxxx, Xxxxxxx X. Xxxxxxx, Xxxxx Xxxxxxxxx, Xxxxxx X. Xxxxxxxx, Xxxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxxxxx, Xxxxx X. Xxxxxxx, Ph.D., Xxxxxxx X. Xxxxxx (together with the Officer Defendants, “the Individual Defendants,” and, together with ZBH and the Officer Defendants, the “Defendants”) violated the federal securities laws by making false and misleading statements and failing to disclose material facts regarding ZBH during the Settlement Class Period. A more detailed description of the Action is set forth in paragraphs 11-26 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in paragraph 27 below.
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Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendant Xxxxxxx X. Xxxx, as former Chief Operating Officer of Xxxxxx, (“Defendant”) violated the federal securities laws by a making an allegedly false and misleading statement regarding anticipated payer reimbursement for GOCOVRI. A more detailed description of the Action is set forth in paragraphs 11-25 below. As noted, Xxxxxxxxx has denied and continues to deny all claims and allegations of wrongdoing asserted against him in the Action. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in paragraph 26 below.
Description of the Action and the Settlement Class. This Notice relates to the proposed Settlement of claims in a pending putative securities class action brought by investors against Merit and certain of its executives. The Defendants are Merit; Xxxx X. Xxxxxxxxxxxx, the founder and Chief Executive Officer of Merit; and Xxxx Xxxxx, the Chief Financial Officer of Merit. Lead Plaintiffs allege that Defendants violated the federal securities laws by making false and misleading statements and omissions about Merit’s business, including misstatements concerning the integration of two recently acquired companies, Cianna Medical, Inc. (“Cianna”) and Vascular 1 All capitalized terms used in this Notice that are not otherwise defined herein shall have the meanings ascribed to them in the Stipulation and Agreement of Settlement dated December 21, 2021 (“Stipulation”), which is available at xxx.XxxxxXxxxxxxXxxxxxxxxxXxxxxxxxxx.xxx. Insights, LLC (“Vascular Insights”). A more detailed description of the Action is set forth in ¶¶ 11-24 below. The Settlement, if approved by the Court, will settle the claims of the Settlement Class, as defined in ¶ 25 below.
Description of the Action and the Settlement Class. This Notice relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendants Allergan, Xxxx Xxxxxx, Xxxxxxx X. Xxxxxxxx, X. Xxxx Xxxxx, Xxxxx Xxxxxx Xxxxxx, Xxxxxxxx X. Xxxxxxxx, Xxxxx X. Xxxxxx, Xxxxx X. Xxxxx, Xxxxxxxxxxx X. Xxxxxx, Xxxxx X. Xxxxxx, Xxxx X. Xxxx, Ph.D, Xxxxxxxxx X. Xxxxx, Xxxx Xxxxxx, Xxxx Xxxxxxxxx, Xxxxxxx X. X’Xxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxx X. Xxxxxx, Xxxx X. Xxxxx, Xxxxx Xxxxxx, M.D., and Xxxxxxxxxxx X. Xxxxxxxx (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements regarding Allergan’s financial results during the Class Period. A more detailed description of the Action is set forth in ¶¶ 11-25 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in ¶ 26 below. The Action is pending before United States District Judge Xxxxxxxxx X. Xxxxxx. Judge Hayden has, with the consent of the Parties, assigned to United States Magistrate Judge Xxxxx X. Xxxxxx the responsibility to consider approval of the proposed Settlement (including the manner in which notice will be provided) and the proposed Plan of Allocation of the Settlement proceeds if the Settlement is approved, as well as the motion for an award of attorneys’ fees and Litigation Expenses, and all matters relating to the proposed Settlement including any objections that may be filed. Judge Waldor’s rulings on these matters will be final; they will not be reviewed by Judge Hayden.
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