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.
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.
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 lawsuit brought by Lead Plaintiff alleging, among other things, that Defendants violated the federal securities laws by making false or misleading statements or omissions concerning WIMC’s financial condition. A more detailed description of the Action is set forth in Paragraphs 10-21 of this Notice. The Settlement, if approved by the Court, will settle claims of the Settlement Class.
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, 18 among other things, that defendant Xxxxxxx Business Services, Inc. (“Xxxxxxx”), and defendants 19 Xxxxxxx X. Xxxxx (“Xxxxx”) and Xxxxx X. Xxxxxx (“Xxxxxx”) (collectively, the “Defendants”)2 violated the federal securities laws by making false and misleading statements regarding Xxxxxxx. 20 A more detailed description of the Action is set forth in ¶¶11-23 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in ¶24 21 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 Lumber Liquidators and defendants Txxxxx X. Xxxxxxxx, Rxxxxx X. Xxxxx, Dxxxxx X. Xxxxxxx and Wxxxxxx X. Xxxxxxxx (collectively, the “Individual Defendants,” and, together with Lumber Liquidators, the “Defendants”) violated the federal securities laws by making false and misleading statements and omitting material information about Lumber Liquidators’ (1) “sourcing initiatives” in China and basis for margin growth; (2) the existence of illegally high levels of formaldehyde in the Company’s flooring products; (3) the importation of flooring products made from illegally harvested wood in violation of the Lacey Act; (4) inadequate internal controls for ensuring compliance with regulations; and (5) the adequacy of the Company’s inventory and supply capabilities. A more detailed description of the Action is set forth in ¶¶ 12-17 below. The proposed Settlement, if approved by the Court, will resolve claims of the Settlement Class, as defined in ¶ 18 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 Defendants (as defined in paragraph 30 below) violated the federal securities laws by, among other things, making false and misleading statements regarding State Street’s foreign exchange business and the quality of assets held in State Street’s investment portfolio and in off-balance sheet entities known as conduits. The Defendants deny these claims. 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 in the Action of the Settlement Class, as defined in paragraph 21 below. [The Action is pending before United States District Judge Xxxxxx X. X’Xxxxx. Judge X’Xxxxx has, with the consent of the parties, assigned to United States Magistrate Judge Xxxxxx X. Xxxx 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 reimbursement of Litigation Expenses, and all matters relating to the proposed settlement including any objections that may be filed. Judge Xxxx’s rulings on these matters will be final; they will not be reviewed by Judge X’Xxxxx.]
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 Dole and defendants Xxxxx X. Xxxxxxx and C. Xxxxxxx Xxxxxx (the “Individual Defendants” and, together with Dole, the “Defendants”) violated the federal securities laws by making false and misleading statements regarding Dole that had the effect of artificially deflating the price of Dole common stock. A more detailed description of the Action is set forth in paragraphs 11-25 below. 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 a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendants Spectrum, Old Spectrum, HRG, Xxxxxxx X. Xxxxx, Xxxxx X. Xxxxx, and Xxxxxxx X. Xxxxxx (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements regarding the consolidation of Spectrum’s distribution network. A more detailed description of the Action is set forth in ¶¶ 11-22 below. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in ¶ 23 below.
