Pursuant to Maryland Rule Sample Clauses

Pursuant to Maryland Rule. 2-231, the Court hereby affirms its finding from the Preliminary Approval and Scheduling Order that for purposes of settlement only, the prerequisites for a class action have been satisfied in that: (i) the Settlement Class (as defined below) is so numerous that joinder of all members is impracticable. As of September 20, 2018, the Closing Date of the Transaction, there were approximately 80,790,667 shares of EdR common stock that comprised the Settlement Class; (ii) there are questions of law and fact common to the Settlement Class, including whether Defendants breached their fiduciary duties in connection with approval of the Transaction; (iii) Plaintiff’s claims are typical of the claims of the Settlement Class; (iv) Plaintiff and Plaintiff’s Counsel have fairly and adequately protected the interests of the Settlement Class; (v) the prosecution of separate actions by individual members of the Settlement Class would create a risk of inconsistent and varying adjudications, which would establish incompatible standards of conduct for the Defendants; (vi) as a practical matter, the disposition of this Action will influence the disposition of any pending or future identical cases brought by absent Settlement Class Members; and (vii) there were allegations that the Defendants acted or refused to act on grounds generally applicable to the Settlement Class. Therefore, the requirements of Maryland Rule 2-231 have been satisfied, and the Action has been properly maintained as a class action.
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