Filed: Dec. 04, 2019
Latest Update: Dec. 04, 2019
Summary: ORDER APPROVING PLAN OF ALLOCATION ANDREW L. CARTER, JR. , District Judge . THIS MATTER having come before the Court for a hearing on December 2, 2019, on the motion of Lead Plaintiffs Granite Point Capital Master Fund, LP, Granite Point Capital Panacea Global Healthcare, Granite Point Capital Scorpion Focused Ideas Fund (collectively, "Granite Point") and Simon James (with Granite Point, "Lead Plaintiffs"), for final approval of the proposed class action Settlement and approval of the Pla
Summary: ORDER APPROVING PLAN OF ALLOCATION ANDREW L. CARTER, JR. , District Judge . THIS MATTER having come before the Court for a hearing on December 2, 2019, on the motion of Lead Plaintiffs Granite Point Capital Master Fund, LP, Granite Point Capital Panacea Global Healthcare, Granite Point Capital Scorpion Focused Ideas Fund (collectively, "Granite Point") and Simon James (with Granite Point, "Lead Plaintiffs"), for final approval of the proposed class action Settlement and approval of the Plan..
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ORDER APPROVING PLAN OF ALLOCATION
ANDREW L. CARTER, JR., District Judge.
THIS MATTER having come before the Court for a hearing on December 2, 2019, on the motion of Lead Plaintiffs Granite Point Capital Master Fund, LP, Granite Point Capital Panacea Global Healthcare, Granite Point Capital Scorpion Focused Ideas Fund (collectively, "Granite Point") and Simon James (with Granite Point, "Lead Plaintiffs"), for final approval of the proposed class action Settlement and approval of the Plan of Allocation for the proceeds of the Settlement; the Court having considered all papers filed and proceedings had herein and otherwise being fully informed;
IT IS HEREBY ORDERED, ADJUDGED AND DECREED:
1. This Order incorporates by reference the definitions in the Stipulation and Agreement of Settlement, dated August 26, 2019 (the "Stipulation"), and all capitalized terms not otherwise defined herein shall have the same meanings as set forth in the Stipulation.
2. Pursuant to and in compliance with Rule 23 of the Federal Rules of Civil Procedure, this Court hereby finds and concludes that due and adequate notice was directed to Persons who are Settlement Class Members who could be identified with reasonable effort, advising them of the Plan of Allocation and of their right to object thereto, and a full and fair opportunity was accorded to Persons who are Settlement Class Members to be heard with respect to the Plan of Allocation. There were no objections to the Plan of Allocation.
3. The Court hereby finds and concludes that the Plan of Allocation for the calculation of the claims of claimants that is set forth in the Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys' Fees and Expenses (the "Notice") disseminated to Settlement Class Members, provides a fair and reasonable basis upon which to allocate the Net Settlement Fund among Settlement Class Members.
4. The Court hereby finds and concludes that the Plan of Allocation, as set forth in the Notice, is, in all respects, fair, reasonable, and adequate and the Court hereby approves the Plan of Allocation.
