In re SAIC, Inc. Securities Litigation

Filing 220

ORDER AWARDING EXPENSES TO LEAD COUNSEL AND AWARDS TO LEAD PLAINTIFFS PURSUANT TO 15 U.S.C. §78u-4(a)(4): IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that: 1. This Order incorporates by reference the definitions in the Amended Sti pulation of Settlement dated June 26, 2019 (the "Stipulation") and all capitalized terms used, but not defined herein, shall have the same meanings as set forth in the Stipulation. 2. This Court has jurisdiction over the subject mat ter of this application and all matters relating thereto, including all Members of the Class who have not timely and validly requested exclusion. 3. The Court hereby awards Lead Counsel expenses in the amount of $340,000, plus the interest earned on the awarded amount at the same rate as that earned on the Settlement Fund until paid. 4. The awarded expenses and interest earned thereon, shall be paid to Lead Counsel subject to the terms, conditions, and obligatio ns of the Stipulation, and in particular, paragraph 7.2 thereof, which terms, conditions, and obligations are incorporated herein. 5. Pursuant to 15 U.S.C. §78u-4(a)(4), the Court awards $20,000 total to Lead Plaintiff s Indiana Public Retirement System, Indiana State Teachers' Retirement Fund and Indiana Public Employees' Retirement Fund from the Settlement Fund for the time they spent directly related to their representation of the Class. 6. T he Court has considered the objection to the expense award filed by defendant Leidos, Inc., and finds it to be without merit for the reasons stated on the record during the June 26, 2020 hearing. The objection is overruled. (Signed by Judge Gregory H. Woods on 6/29/2020) (mro)

USDC SDNY
DOCUMENT
ELECTRONICALLY FILED
DOC #:
DATE FILED: 6/29/20

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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In re SAIC, INC. SECURITIES LITIGATION :
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This Document Relates To:
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ALL ACTIONS.
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Master File No. 1:12-cv-01353-GHW
CLASS ACTION
ORDER AWARDING EXPENSES TO LEAD
COUNSEL AND AWARDS TO LEAD
PLAINTIFFS PURSUANT TO 15 U.S.C.
§78u-4(a)(4)

This matter having come before the Court on June 26, 2020, on the motion of Lead Counsel
for an award of expenses, the Court, having considered all papers filed and proceedings conducted
herein, having found the Settlement of this Litigation to be fair, reasonable and adequate, and
otherwise being fully informed in the premises and good cause appearing therefore;
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that:
1.

This Order incorporates by reference the definitions in the Amended Stipulation of

Settlement dated June 26, 2019 (the “Stipulation”) and all capitalized terms used, but not defined
herein, shall have the same meanings as set forth in the Stipulation.
2.

This Court has jurisdiction over the subject matter of this application and all matters

relating thereto, including all Members of the Class who have not timely and validly requested
exclusion.
3.

The Court hereby awards Lead Counsel expenses in the amount of $340,000, plus

the interest earned on the awarded amount at the same rate as that earned on the Settlement Fund
until paid.
4.

The awarded expenses and interest earned thereon, shall be paid to Lead Counsel

subject to the terms, conditions, and obligations of the Stipulation, and in particular, ¶7.2 thereof,
which terms, conditions, and obligations are incorporated herein.

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5.

Pursuant to 15 U.S.C. §78u-4(a)(4), the Court awards $20,000 total to Lead

Plaintiffs Indiana Public Retirement System, Indiana State Teachers’ Retirement Fund and Indiana
Public Employees’ Retirement Fund from the Settlement Fund for the time they spent directly
related to their representation of the Class.
6.

The Court has considered the objection to the expense award filed by defendant

Leidos, Inc., and finds it to be without merit for the reasons stated on the record during the June
26, 2020 hearing. The objection is overruled.
DATED: June 29, 2020

_____________________________________
THE HONORABLE GREGORY H. WOODS
UNITED STATES DISTRICT JUDGE

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