Powers v Foder, et al

Filing 17

ORDER ORDER and FINAL JUDGMENT by Judge James Ware granting (142 in 5:06-cv-05353-JW_ Motion for Settlement (jwlc1, COURT STAFF) (Filed on 6/30/2009) Modified on 7/1/2009 (cv, COURT STAFF). (** Order back posted for docket clarity (re CJRA report)(ecg, COURT STAFF)

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UNIT ED 1 2 3 4 5 6 7 8 9 10 S S DISTRICT TE C TA ER N F D IS T IC T O R UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION ) ) ) ) ) ) ) ) No. C-06-05353-JW [PROPOSED] ORDER AND FINAL JUDGMENT In re AFFYMETRIX DERIVATIVE 11 LITIGATION 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 This Document Relates To: ALL ACTIONS. A C LI FO mes Wa Judge Ja re R NIA O OR IT IS S DERED RT U O NO RT H 1 This matter came before the Court for hearing pursuant to the Order of this Court, dated 2 May 6, 2009 ("Order"), on the application of the parties for approval of the proposed settlement 3 ("Settlement") set forth in the Stipulation of Settlement dated April 29, 2009, and the exhibits thereto 4 (the "Stipulation"); 5 The Court has reviewed and considered all documents, evidence, objections (if any) and 6 arguments presented in support of or against the Settlement; the Court being fully advised of the 7 premises and good cause appearing therefore, the Court enters this Order and Final Judgment. 8 9 IT IS HEREBY ORDERED, ADJUDGED AND DECREED that: 1. This Order and Final Judgment incorporates by reference the definitions in the 10 Stipulation, and all capitalized terms used herein shall have the same meanings as set forth in the 11 Stipulation. 12 2. This Court has jurisdiction over the subject matter of the Federal Action, including all 13 matters necessary to effectuate the Settlement, and over all Settling Parties. 14 3. The Court finds that the Notice provided to Affymetrix shareholders constituted the 15 best notice practicable under the circumstances. The Notice fully satisfied the requirements of 16 Federal Rule of Civil Procedure 23.1 and the requirements of due process. 17 4. The Court finds that, during the course of the litigation of the Actions, the Settling 18 Parties and their respective counsel at all times complied with the requirements of Federal Rule of 19 Civil Procedure 11 and all other similar laws, including California Code of Civil Procedure 128.7. 20 5. The Court finds that the terms of the Stipulation and Settlement are fair, reasonable 21 and adequate as to each of the Settling Parties, and hereby finally approves the Stipulation and 22 Settlement in all respects, and orders the Settling Parties to perform its terms to the extent the 23 Settling Parties have not already done so. 24 6. The Federal Action and all claims contained therein as well as all of the Released 25 Claims, are dismissed with prejudice. The Settling Parties are to bear their own costs, except as 26 otherwise provided in the Stipulation. 27 7. Upon the Effective Date, as defined in the Stipulation, Affymetrix, Plaintiffs (acting 28 on their own behalf and derivatively on behalf of Affymetrix), the SLC and each of Affymetrix's [PROPOSED] ORDER AND FINAL JUDGMENT - C-06-05353-JW -1- 1 shareholders (solely in their capacity as Affymetrix shareholders) shall be deemed to have, and by 2 operation of this Order and Final Judgment shall have, fully, finally, and forever released, 3 relinquished and discharged the Released Claims against the Released Persons and any and all 4 claims (including Unknown Claims) arising out of, relating to, or in connection with, the defense, 5 settlement or resolution of the Actions against the Released Persons, provided that nothing herein 6 shall in any way impair or restrict the rights of any Settling Party to enforce the terms of the 7 Stipulation. 8 8. Upon the Effective Date, as defined in the Stipulation, each of the Released Persons 9 and the SLC shall be deemed to have, and by operation of this Order and Final Judgment shall have, 10 fully, finally, and forever released, relinquished and discharged each and all of the Plaintiffs and 11 Plaintiffs' Counsel from all claims (including Unknown Claims) arising out of, relating to, or in 12 connection with, the institution, prosecution, assertion, settlement or resolution of the Actions or the 13 Released Claims. Nothing herein shall in any way impair or restrict the rights of any Settling Party 14 to enforce the terms of the Stipulation. 15 9. The Court hereby approves the Fee and Expense Award in accordance with the 16 Stipulation and finds that such fee is fair and reasonable. 17 10. Neither the Stipulation nor the Settlement, nor any act performed or document 18 executed pursuant to or in furtherance of the Stipulation or the Settlement: (a) is or may be deemed 19 to be or may be offered, attempted to be offered or used in any way by the Settling Parties or any 20 other Person as a presumption, a concession or an admission of, or evidence of, any fault, 21 wrongdoing or liability of the Settling Parties; or of the validity of any Released Claims; or (b) is 22 intended by the Settling Parties to be offered or received as evidence or used by any other person in 23 any other actions or proceedings, whether civil, criminal or administrative. The Released Persons 24 may file the Stipulation and/or this Order and Final Judgment in any action that may be brought 25 against them in order to support a defense or counterclaim based on principles of res judicata, 26 collateral estoppel, full faith and credit, release, standing, good faith settlement, judgment bar or 27 reduction or any other theory of claim preclusion or issue preclusion or similar defense or 28 [PROPOSED] ORDER AND FINAL JUDGMENT - C-06-05353-JW -2- 1 counterclaim; and any of the Settling Parties may file the Stipulation and documents executed 2 pursuant and in furtherance thereto in any action to enforce the Settlement. 3 11. Without affecting the finality of this Order and Final Judgment in any way, this Court 4 hereby retains continuing jurisdiction with respect to implementation and enforcement of the terms 5 of the Stipulation. 6 12. In the event that the Settlement does not become effective in accordance with the 7 terms of the Stipulation, this Order and Final Judgment shall be vacated, and all Orders entered and 8 releases delivered in connection with the Stipulation and this Order and Final Judgment shall be null 9 and void, except as otherwise provided for in the Stipulation. 10 13. This Order and Final Judgment is a final, appealable judgment and should be entered 11 forthwith by the Clerk in accordance with Rule 58, Federal Rules of Civil Procedure. 12 IT IS SO ORDERED. The Clerk shall file this file. ____________________________________ THE HONORABLE JAMES WARE UNITED STATES DISTRICT JUDGE June 30, 2009 13 DATED: _________________________ 14 15 16 17 Submitted by, COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP SHAWN A. WILLIAMS 18 100 Pine Street, Suite 2600 San Francisco, CA 94111 19 Telephone: 415/288-4545 415/288-4534 (fax) 20 COUGHLIN STOIA GELLER 21 RUDMAN & ROBBINS LLP TRAVIS E. DOWNS III 22 JEFFREY D. LIGHT BENNY C. GOODMAN III 23 24 25 26 27 28 [PROPOSED] ORDER AND FINAL JUDGMENT - C-06-05353-JW s/ Jeffrey D. Light JEFFREY D. LIGHT -3-

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