Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

In re Broadcom Corporation Class Action Litigation

August 11, 2010

IN RE BROADCOM CORPORATION CLASS ACTION LITIGATION


The opinion of the court was delivered by: Honorable Manuel L. Real United States District Judge

FINAL ORDER AND JUDGMENT AS TO BROADCOM DEFENDANTS

Honorable Manuel L. Real

WHEREAS:

A. As of April 30, 2010, Lead Plaintiff, New Mexico State Investment Council ("Lead Plaintiff"), acting on behalf of itself and the Settlement Class, entered into a Stipulation and Agreement of Settlement With Broadcom Defendants (the "Stipulation") with the Settling Defendants in these consolidated actions (the "Litigation").

B. Pursuant to the Preliminary Approval Order Providing for Notice and Hearing in Connection With Proposed Class Action Settlement With Broadcom Defendants, entered June 1, 2010 (the "Preliminary Approval Order"), the Court scheduled a hearing for August 2, 2010, at 10:00 a.m. (the "Settlement Hearing") to: (a) determine whether the proposed settlement of the Litigation on the terms and conditions provided for in the Stipulation is fair, reasonable and adequate, and should be approved by the Court; and (b) determine whether a judgment as provided for in the Stipulation should be entered. The Court ordered that the Notice of Pendency of Class Action and Proposed Settlement With Broadcom Defendants (the "Notice") and a Proof of Claim and Release Form ("Proof of Claim"), in the form attached as Exhibits 1 and 2 to the Preliminary Approval Order, be mailed by first-class mail, postage prepaid, on or before June 4, 2010, 2010 ("Notice Date") to all putative Class Members at the address of each such Person as set forth in the records of Broadcom Corporation ("Broadcom") or its transfer agent, or who otherwise could be identified through reasonable effort, and that a Summary Notice of Pendency of Class Action and Hearing on Proposed Settlement With Broadcom Defendants (the "Summary Notice"), in the form attached to the Preliminary Approval Order as Exhibit 3, be published in The Wall Street Journal and transmitted over Business Wire within fourteen (14) calendar days of the Notice Date.

C. The Notice and the Summary Notice advised Class Members of the date, time, place and purpose of the Settlement Hearing. The Notice further advised that any objections to the Settlement were required to be filed with the Court and served on counsel for the Settling Parties by July 16, 2010.

D. The provisions of the Preliminary Approval Order as to notice were complied with.

E. On July 12, 2010, Lead Plaintiff moved for final approval of the Settlement, as set forth in the Preliminary Approval Order. The Settlement Hearing was duly held before this Court on August 2, 2010, at which time all interested Persons were afforded the opportunity to be heard.

F. This Court has duly considered the Lead Plaintiff's motion, the affidavits, declarations and memorandum of law submitted in support thereof, and all of the submissions and arguments presented with respect to the proposed Settlement.

NOW, THEREFORE, after due deliberation, IT IS ORDERED, ADJUDGED AND DECREED that:

1. This Judgment incorporates by reference the definitions in the Stipulation, and all capitalized terms used herein shall have the same meanings as set forth in the Stipulation.

2. This Court has jurisdiction over the subject matter of the Litigation and over all Settling Parties to the Litigation, including all members of the Settlement Class.

3. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, the Court hereby finally certifies, for the purposes of settlement only, this Litigation as a class action on behalf of all persons and entities that purchased or otherwise acquired the Class A common stock of Broadcom Corporation during the period from July 21, 2005 through July 13, 2006, inclusive, (the "Class Period"), and were allegedly damaged thereby (the "Settlement Class"). Excluded from the Settlement Class are: the current or former defendants in the Litigation; the officers and directors of the Company; the members of the immediate families of the current or former individual defendants in the Litigation; the legal representatives, heirs, successors or assigns of any excluded Person; any entity in which any current or former defendant has or had a controlling interest; shares of Broadcom Class A common stock purchased by any Broadcom employee who acquired the shares through the exercise of incentive stock options from July 21, 2005 through July 13, 2006, inclusive; and any Person that timely and validly sought exclusion from the Settlement Class, as listed on Exhibit A hereto.

4. The Court hereby appoints New Mexico State Investment Council as Class Representative and Labaton ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.