Examples of Confirmatory Discovery in a sentence
Lead Plaintiffs and Lead Counsel also are mindful of the inherent problems of proof under and possible defenses to the securities law violations asserted in the Action, and they have reviewed the Confirmatory Discovery.
During August 2016, Defendants produced to Plaintiffs’ Counsel more than 11,500 pages of confidential documents as part of Confirmatory Discovery, including contemporaneous process-related emails and financial materials both from FirstMerit and its financial advisors.
Pending negotiation, execution, and Final Approval (defined below) of the Settlement Agreement and Settlement by the Court, Plaintiffs agree to stay the proceedings in the Consolidated Action (other than Confirmatory Discovery) and not to initiate any other proceedings other than those incident to the Settlement itself and, if necessary, request and stipulate that the Court enter an order staying the Consolidated Action.
This MOU shall be rendered null and void and of no force and effect in the event that Final Approval of the Settlement fails to occur, the dismissal of the Consolidated Action fails to occur, Plaintiffs’ Counsel do not satisfactorily complete Confirmatory Discovery or, as a result of Confirmatory Discovery, cease in good faith to believe that the Settlement is fair, reasonable and adequate, or the Proposed Transaction is not consummated for any reason.
Subject to the terms and conditions set forth herein, including those relating to Confirmatory Discovery, the Parties agree to use their best efforts to achieve: (a) the drafting and execution of a definitive Settlement Agreement by the Parties; (b) Final Approval of the Settlement by the Court; and (c) dismissal with prejudice of the Consolidated Action as to all members of the Class (including Lead Plaintiffs).