Smith v. TeleNav, Inc. et al

Filing 45

ORDER for supplemental briefing. Signed by Judge Samuel Conti on 03/19/2012. (sclc2, 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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DAVID SMITH, individually and on
behalf of all others similarly
situated,
Plaintiff,

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v.
TELENAV, INC., et al.,

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Defendants.
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) Case No. C-10-3942 SC
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) ORDER FOR SUPPLEMENTAL
) BRIEFING
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Now before the Court are Plaintiff's unopposed Motions for

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Final Approval of Class Action Settlement and for Attorney Fees and

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Expenses.

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hearing on the Motion, the Court asked the parties to provide

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additional information concerning the number of claim forms

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received in response to the notice provided to the class members.

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ECF No. 43.

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Administrator has received 661 proofs of claim.

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information is not altogether helpful since it is still unclear how

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much each claimant stands to gain from the proposed settlement or

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what proportion of shareholders have actually submitted a claim.

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Accordingly, the Court ORDERS Plaintiff to submit further

ECF Nos. 37, 38.

During the Court's February 24, 2012

Plaintiff recently informed the Court that the Claims
ECF No. 44.

This

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supplemental briefing on this issue.
The supplemental briefing shall include the following

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

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shares held by the 661 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

United States District Court

For the Northern District of California

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

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fees and other expenses).

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within fourteen (14) days of this Order.

Plaintiff shall submit this information

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IT IS SO ORDERED.

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Dated: March 19, 2012
UNITED STATES DISTRICT JUDGE

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