Hu v. Cadence Design Systems, Inc et al

Filing 183

ORDER FOR SUPPLEMENTAL BRIEFING.. Signed by Judge Samuel Conti on 3/19/2012. (sclc1, COURT STAFF) (Filed on 3/19/2012)

1
2
3
4
5
6

IN THE UNITED STATES DISTRICT COURT

7

NORTHERN DISTRICT OF CALIFORNIA

8

10
Northern District of Washington

United States District Court

9

11
12
13

IN RE CADENCE DESIGN SYSTEMS, INC. ) Case No. C-08-4966 SC
)
SECURITIES LITIGATION
) ORDER FOR SUPPLEMENTAL
) BRIEFING
This Document Relates To:
)
)
CASE NOS. 08-4966 SC, 08-5027 SC,
)
AND 08-5273
)
)

14
15

Now before the Court is Plaintiffs' unopposed Motion for Final

16

Approval of Class Action Settlement.

17

the Court's February 24, 2012 hearing on the Motion, the Court

18

asked the parties to provide additional information concerning the

19

number of claim forms received in response to the notice provided

20

to the class members.

21

the Court that the Claims Administrator has received 7,453 proofs

22

of claim.

23

still unclear how much each claimant stands to gain from the

24

proposed settlement or what proportion of shareholders have

25

actually submitted a claim.

26

Plaintiffs submit further supplemental briefing on this issue.

27

The supplemental briefing shall include the following

28

ECF No. 177.

ECF No. 169 ("Mot.").

During

Plaintiffs recently informed

This information is not altogether helpful since it is

Accordingly, the Court ORDERS that

1

information: the total, average, and median number of Cadence

2

shares held by the 7,453 claimants during the class period; the

3

highest and lowest number of shares held by any one claimant during

4

the class period; the total number of shares implicated in this

5

class action; the average loss per share incurred by the class

6

members during the class period; and the average recovery per share

7

that the claimants stand to gain from the proposed settlement

8

(assuming that the Court grants Plaintiff's motion for attorney's

9

fees and other expenses).

United States District Court

For the Northern District of California

10

Plaintiffs shall submit this information

within fourteen (14) days of this Order.

11
12

IT IS SO ORDERED.

13
14
15

Dated: March 19, 2012
UNITED STATES DISTRICT JUDGE

16
17
18
19
20
21
22
23
24
25
26
27
28

2