| Company: | Brocade Communications Systems, Inc, |
| Ticker Symbol: | BRCD |
| Class Period: | May-18-00 to May-15-05 |
| Date Filed: | Dec-12-08 |
| Lead Plaintiff Deadline: | Feb-10-09 |
| Court: | Northern District of California |
| Allegations: | |
A hearing will be held on January 23, 2009 to determine whether: (1) the proposed settlement should be approved by the Court as fair, reasonable, adequate and in the best interests of the Class; (2) Class Counsel's application for an award of attorneys' fees and reimbursement of expenses and Class Representatives' application for reimbursement of costs and expenses should be approved; (3) the Court should dismiss with prejudice and release all claims against the Settling Defendants and current and former Brocade officers and directors Gregory Reyes, Antonio Canova, Larry Sonsini, Seth Neiman, and Neal Dempsey relating to the conduct alleged in this case; and (4) the Court should rule on such other matters as the Court deems appropriate.
If approved, the Settlement will resolve all claims in this litigation as further described in the full printed Notice of Class Action, Proposed Settlement, Motion for Attorneys' Fees and Fairness Hearing (the "Notice").
To participate in the settlement, Class members must submit a Proof of Claim no later than March 30, 2009. The deadline for submitting objections to the settlement and requesting exclusion from the settlement is January 9, 2009.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
