The opinion of the court was delivered by: The Honorable John F. Walter United States District Court Judge
FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE
Date: February 8, 2010 Time: 1:30 p.m.
This matter came before the Court for hearing pursuant to the Order of this Court, dated September 25, 2009, on the application of the Settling Parties for approval of the Settlement set forth in the Stipulation of Settlement dated August 28, 2009 (the "Stipulation"). Full and adequate notice having been given to the Class as required in the Court's Order, and the Court having considered all papers filed and proceedings held herein and otherwise being fully informed in the premises and good cause appearing therefor,
NOW, THEREFORE, IT IS HEREBY ORDERED THAT:
1. This Judgment incorporates by reference the definitions in the Stipulation, and all capitalized terms used, but not defined herein, shall have the same meanings as in the Stipulation.
2. This Court has jurisdiction over the subject matter of the Consolidated Action and over all parties to the Consolidated Action, including all members of the Class.
3. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, this Court hereby certifies the Consolidated Action as a class action for settlement purposes only. The Class consists of all persons or entities (and their beneficiaries) who purchased or acquired the publicly traded securities of International Rectifier Corporation ("IR Securities") from July 31, 2003 through February 11, 2008, inclusive, and who suffered damages as a result. Excluded from the Class are:
(i) the Defendants; (ii) members of the immediate family of each Individual Defendant; (iii) any person who was an officer or director of the Company during the Class Period; (iv) any firm, trust, corporation, officer or other entity in which any Defendant has a controlling interest; and (v) the legal representatives, agents, affiliates, heirs, successors-in-interest or assigns of any such excluded party. Also excluded from the Class are any persons who excluded themselves by submitting a valid and timely request for exclusion in accordance with the requirements set forth in the Notice, a list of which is attached hereto as Exhibit 1.
4. With respect to the Class, this Court finds, solely for the purposes of settlement, that:
(a) the members of the Class are so numerous that joinder of all Class Members in the Consolidated Action is impracticable;
(b) there are questions of law and fact common to the Class; (c) the claims by Co-Lead Plaintiffs are typical of the claims of the Class;
(d) Co-Lead Plaintiffs and Co-Lead Counsel have and will fairly and adequately represent and protect the interests of the Class Members;
(e) the questions of law and fact common to the members of the Class predominate over any questions affecting ...