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)
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IN THE UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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Northern District of Washington
United States District Court
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IN RE CADENCE DESIGN SYSTEMS, INC. ) Case No. C-08-4966 SC
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SECURITIES LITIGATION
) ORDER FOR SUPPLEMENTAL
) BRIEFING
This Document Relates To:
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CASE NOS. 08-4966 SC, 08-5027 SC,
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AND 08-5273
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Now before the Court is Plaintiffs' unopposed Motion for Final
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Approval of Class Action Settlement.
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the Court's February 24, 2012 hearing on the Motion, the Court
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asked the parties to provide additional information concerning the
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number of claim forms received in response to the notice provided
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to the class members.
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the Court that the Claims Administrator has received 7,453 proofs
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of claim.
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still unclear how much each claimant stands to gain from the
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proposed settlement or what proportion of shareholders have
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actually submitted a claim.
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Plaintiffs submit further supplemental briefing on this issue.
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The supplemental briefing shall include the following
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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
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information: the total, average, and median number of Cadence
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shares held by the 7,453 claimants during the class period; the
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highest and lowest number of shares held by any one claimant during
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the class period; the total number of shares implicated in this
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class action; the average loss per share incurred by the class
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members during the class period; and the average recovery per share
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that the claimants stand to gain from the proposed settlement
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(assuming that the Court grants Plaintiff's motion for attorney's
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fees and other expenses).
United States District Court
For the Northern District of California
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Plaintiffs shall submit this information
within fourteen (14) days of this Order.
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IT IS SO ORDERED.
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Dated: March 19, 2012
UNITED STATES DISTRICT JUDGE
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