Examples of Federal Derivative Action in a sentence
Derivative Litigation, Master File No. SUCV2018000405, pending in the Superior Court of Xxxxxx County, Georgia (the “State Derivative Action,” and, together with the Federal Derivative Action, the “Actions”), pursuant to a stipulation of settlement filed with the Court (the “Settlement” or the “Stipulation”).
This Stipulation and Agreement of Settlement (the “Stipulation”), dated October 28, 2019, is made and entered into by and among the following Settling Parties (as defined herein)1, each by and through their respective counsel: (1) plaintiffs to the Federal Derivative Action (Xxxxxxx X.
For additional information about the claims asserted in the Actions, the Shareholder Demand and the terms of the proposed Settlement, please refer to the documents filed in the Federal Derivative Action, the Stipulation, and the full-length Notice of Proposed Settlement (the “Notice”).
This Stipulation, subject to the approval of the U.S. District Court for the Middle District of Georgia, is intended by the Settling Parties fully, finally, and forever to compromise, resolve, discharge, and settle the Released Claims and to result in the complete dismissal of the Federal Derivative Action and the State Derivative Action with prejudice and the satisfaction of the 1 Capitalized terms (with a few exceptions) are defined in Section IV(1).
The Federal Derivative Action In accordance with Georgia law (O.C.G.A. § 14-2-742), on September 28, 2016 and March 16, 2017, respectively, plaintiffs Xxxxxxx Xxxxxxxxxx (“Xxxxxxxxxx”) and Xxxxxxx X.