General Retirement System of the City of Detroit v. The Wells Fargo Mortgage Backed Securities 2006-AR18 Trust et al

Filing 445

ORDER Regarding Edits to Class Notice and Proposed Order. Signed by Judge Lucy H. Koh on 7/21/2011. (lhklc2, COURT STAFF) (Filed on 7/21/2011)

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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SAN JOSE DIVISION

United States District Court
For the Northern District of California

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In Re WELLS FARGO MORTGAGE-BACKED )
CERTIFICATES LITIGATION
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Case No.: 09-CV-01376-LHK

ORDER REGARDING EDITS TO
PROPOSED CLASS NOTICE

As discussed at the preliminary fairness hearing on the proposed settlement in this action,

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the Court asks that the Plaintiffs submit a revised class notice and proposed order with the

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following changes:

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1) Update Table A with corrected values.

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2) Clarify language in notice to indicate that if investors recognized a gain in selling trust

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certificates, they are not entitled to a recovery.
3) Add illustrative examples for each calculation potential class members might need to
complete in ¶¶ 41-43.
4) In the cell describing the consequences of opting out on page 4, clarify that potential class
members who opt out may seek recovery through other litigation.
5) In ¶ 59, indicate the total dollar amount of attorneys’ fees that may be sought.

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Case No.: 09-CV-01376-LHK
ORDER REGARDING EDITS TO PROPOSED CLASS NOTICE

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IT IS SO ORDERED.

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Dated: July 21, 2011

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_________________________________
LUCY H. KOH
United States District Judge

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United States District Court
For the Northern District of California

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Case No.: 09-CV-01376-LHK
ORDER REGARDING EDITS TO PROPOSED CLASS NOTICE