Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_14-cv-02571/USCOURTS-caed-2_14-cv-02571-16/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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ORDER APPROVING

PLAN OF ALLOCATION

MASTER FILE No. 2:14-cv-2571-MCE-KJN

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LOWENSTEIN SANDLER LLP

390 Lytton Avenue

Palo Alto, CA 94301

Telephone: 213-426-2170

Fax: 973-597-6233

Counsel for Lead Plaintiffs Special Situations 

Fund III QP, L.P. and Special Situations 

Cayman Fund, L.P. and additional named

Plaintiff David M. Fineman

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF CALIFORNIA

SPECIAL SITUATIONS FUND III QP, L.P., 

SPECIAL SITUATIONS CAYMAN FUND, 

L.P, and DAVID M. FINEMAN, Individually 

and On Behalf of All Others Similarly 

Situated,

Plaintiffs,

vs.

MARRONE BIO INNOVATIONS, INC., 

PAMELA G. MARRONE, JAMES B. 

BOYD, DONALD J. GLIDEWELL, 

HECTOR ABSI, ELIN MILLER, RANJEET 

BHATIA, PAMELA CONTAG, TIM 

FOGARTY, LAWRENCE HOUGH, 

JOSEPH HUDSON, LES LYMAN, 

RICHARD ROMINGER, SHAUGN 

STANLEY, SEAN SCHICKEDANZ, and 

ERNST & YOUNG LLP,

Defendants.

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Master No.: 2:14-cv-2571-MCE-KJN

Hon. Morrison C. England, Jr.

CONSOLIDATED CLASS ACTION

ORDER APPROVING PLAN OF 

ALLOCATION OF NET 

SETTLEMENT FUND

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ORDER APPROVING

PLAN OF ALLOCATION

MASTER FILE No. 2:14-cv-2571-MCE-KJN

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WHEREAS, this matter came before the Court on the motion by Lead Plaintiffs Special 

Situations Fund III QP, L.P. and Special Situations Cayman Fund, L.P. ("Lead Plaintiffs"), to 

determine whether the proposed plan of allocation of the Net Settlement Fund ("Plan of 

Allocation") created by the Settlement achieved in the above-captioned class action (the 

"Action") should be approved;

WHEREAS, the Court having considered all matters submitted to it; and it appearing 

that notice of Settlement Motion substantially in the form approved by the Court was mailed to 

all Settlement Class Members who or which could be identified with reasonable effort, and that 

a summary notice of the motion substantially in the form approved by the Court was published 

in The Wall Street Journal and was transmitted over the PR Newswire pursuant to the 

specifications of the Court; and the Court having considered and determined the fairness and 

reasonableness of the proposed Plan of Allocation, 

NOW, THEREFORE, IT IS HEREBY ORDERED THAT:

1. This Order approving the proposed Plan of Allocation incorporates by reference 

the definitions in the Stipulation and Agreement of Settlement with Individual Defendants dated 

June 16, 2016 (the "Stipulation") (ECF No. 80-1) and all capitalized terms not otherwise defined 

herein shall have the same meanings as set forth in the Stipulation.

2. The Court has jurisdiction to enter this Order approving the proposed Plan of 

Allocation, and over the subject matter of the Action and all parties to the Action, including all 

Settlement Class Members.

3. Notice of Lead Plaintiffs’ motion for approval of the proposed Plan of Allocation 

was given to all Settlement Class Members who could be identified with reasonable effort. The 

form and method of notifying the Settlement Class of the motion for approval of the proposed 

Plan of Allocation satisfied the requirements of Rule 23 of the Federal Rules of Civil Procedure, 

the United States Constitution (including the Due Process Clause), the Private Securities 

Litigation Reform Act of 1995, 15 U.S.C. § 78u-4 et seq.,as amended, and all other applicable 

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ORDER APPROVING

PLAN OF ALLOCATION

MASTER FILE No. 2:14-cv-2571-MCE-KJN

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law and rules; constituted the best notice practicable under the circumstances; and constituted 

due and sufficient notice to all persons and entities entitled thereto.

4. Copies of the Notice, which included the Plan of Allocation, were mailed to over 

13,700 potential Settlement Class Members and nominees, and no objections to the proposed 

Plan of Allocation were received.

5. The Court hereby finds and concludes that the formula for the calculation of the 

claims of Claimants as set forth in the Plan of Allocation mailed to Settlement Class Members 

provides a fair and reasonable basis upon which to allocate the proceeds of the Net Settlement 

Fund among Settlement Class Members, with due consideration having been given to 

administrative convenience and necessity.

6. The Court hereby finds and concludes that the Plan of Allocation is, in all 

respects, fair and reasonable to the Settlement Class.

7. There is no just reason for delay in the entry of this Order, and immediate entry 

by the Clerk of the Court is expressly directed.

IT IS SO ORDERED. 

Dated: September 23, 2016

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