United States Ninth Circuit

In a class action on behalf of all persons or entities who purchased publicly traded securities of VERITAS Software Corp., an order of the district court approving a settlement and plan of allocation is reversed where the notice of proposed settlement sent to the class did not comply with the requirements of the Private Securities Litigation Reform Act. Denial of attorney's fees for plaintiff-appellant is affirmed where the application for fees was untimely.

Appellate Information

• Argued 05/17/2007
• Decided 07/25/2007
• Published 07/25/2007

Judges

• SAND, Senior District Judge:, Before:  DIARMUID F. O'SCANNLAIN and SANDRA S. IKUTA, Circuit Judges, and LEONARD B. SAND, Senior District Judge.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• I. Stephen Rabin, Rabin & Peckel LLP, New York, NY, for the movant-appellant.


• For Appellees:
  
• Patrick J. Coughlin, Sanford Svetcov, Susan K. Alexander, Jeffrey W. Lawrence, and Maria V. Morris, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, San Francisco, CA, for the plaintiffs-appellees.