WEST PALM BEACH POLICE PENSION FUND v. DFC GLOBAL CORP. et al
Filing
116
MEMORANDUM AND ORDER THAT MOTION TO CERTIFY CLASS (DOC. 87) IS GRANTED. THE COURT CERTIFIES THE CLASS AS OUTLINED HEREIN, ETC. SIGNED BY HONORABLE BERLE M. SCHILLER ON 8/4/16. 8/4/16 ENTERED AND COPIES EMAILED.(rf, )
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF PENNSYLVANIA
WEST PALM BEACH
POLICE PENSION FUND,
on behalf of itself and all others
similarly situated,
Plaintiffs,
v.
DFC GLOBAL CORP., et al.,
Defendants.
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CIVIL ACTION
No. 13-6731
ORDER
AND NOW, this 4th day of August, 2016, upon consideration of Plaintiffs’ Motion to Certify
Class, the DFC Defendants’ Memorandum of Law in Opposition to Lead Plaintiffs’ Motion for Class
Certification, the Underwriter Defendants’ Joinder in the DFC Defendants’ Opposition to Lead
Plaintiffs’ Motion for Class Certification, and all replies filed in this litigation, and for the reasons
provided in this Court’s Memorandum dated August 4, 2016, it is hereby ORDERED that:
1.
The motion (Document No. 87) is GRANTED.
2.
The Court certifies the following class:
All persons or entities who purchased or otherwise acquired common stock issued
by DFC Global Corporation (“DFC Global”) between January 28, 2011, and
February 3, 2014, inclusive (“Class Period”), and were damaged thereby.
Included within the Class are persons or entities who purchased shares of DFC
Global stock on the open market and/or in a registered public offering on or about
April 7, 2011. Excluded from the Class are: (a) Defendants; (b) members of the
immediate families of the Individual Defendants; (c) any directors, officers, and
partners of DFC Global or the Underwriter Defendants during the Class Period
and members of their immediate families; (d) the subsidiaries, parents and
affiliates of DFC Global and the Underwriter Defendants; (e) any firm, trust,
corporation or other entity in which any Defendant has or had a controlling
interest; and (f) the legal representatives, heirs, successors and assigns of any such
excluded party.
3.
Lead Plaintiffs, Arkansas Teacher Retirement System, Macomb County Employees
Retirement System, and Laborers’ District Council Contractors’ Pension Fund of
Ohio, are hereby appointed as Class Representatives.
4.
Pursuant to Fed. R. Civ. P. 23(g), Barrack, Rodos & Bacine and Bernstein, Litowitz,
Berger & Grossmann LLP are hereby appointed as Class Counsel.
BY THE COURT:
Berle M. Schiller, J.
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