Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_03-cv-04743/USCOURTS-cand-4_03-cv-04743-20/pdf.json

Nature of Suit Code: 791
Nature of Suit: Employee Retirement Income Security Act (ERISA)
Cause of Action: 29:1104 Recovery of Benefits to Employee

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IZARD NOBEL LLP 

Robert A. Izard

Mark P. Kindall (Bar No. 138703)

Wayne T. Boulton 

29 South Main St., Suite 215

West Hartford, CT 06107 

Tel: (860) 493-6292 

Fax: (860) 493-6290

-and 

BARROWAY TOPAZ KESSLER 

 MELTZER & CHECK, LLP 

Joseph H. Meltzer 

Edward W. Ciolko 

Mark K. Gyandoh 

280 King of Prussia Rd.

Radnor, PA 19087 

Tel: (610) 667-7706

Fax: (610) 667-7056

Co-Lead Counsel for Lead Plaintiffs

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

OAKLAND DIVISION

IN RE JDS UNIPHASE CORPORATION

ERISA LITIGATION

This Document Relates To:

ALL ACTIONS

Master File No. C 03-CV-04743 (CW)

Judge: Hon. Claudia Wilken

[PROPOSED] ORDER APPROVING PLAN OF ALLOCATION

Case 4:03-cv-04743-CW Document 233 Filed 05/04/10 Page 1 of 6
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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

OAKLAND DIVISION

IN RE JDS UNIPHASE CORPORATION

ERISA LITIGATION

This Document Relates To:

ALL ACTIONS

Master File No. C 03-CV-04743 (CW)

Judge: Hon. Claudia Wilken

PLAN OF ALLOCATION

I. Definitions

A. Except as indicated in this Plan of Allocation, the capitalized terms used herein

shall have the meanings ascribed to them in the Settlement Agreement. 

B. "Claims Administrator" means any third party vendor reasonably agreed upon by

the Parties.

C. "Net Proceeds" means the Settlement Fund, less: (i) the Settlement Administrative

Costs; (ii) any Case Contribution Awards that the Court approves for payment from the

Settlement Fund pursuant to Section 10.2-10.3 of the Settlement Agreement; (iii) any expenses

with respect to post-settlement proceedings and administration that the Court approves for

payment from the Settlement Fund under Article 8 of the Settlement Agreement; (iv) Court

approved attorneys' fees and expenses; and (v) such other deductions and payments from the

Settlement Fund as the Court may allow.

D. "Settlement Administrative Costs" means the taxes and other amounts paid or

payable from the Settlement Fund pursuant to Section 7.1.2.2 of the Settlement Agreement.

E. "Settlement Class Member" means a member of the Settlement Class.

Case 4:03-cv-04743-CW Document 233 Filed 05/04/10 Page 2 of 6
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F. "Settlement Class Period" means the period between February 4, 2000 and

September, 30, 2006, inclusive.

II. Notice and Estimated Settlement Administrative Costs

A. Pursuant to and in full 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 all

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 that a full and fair

opportunity was accorded to all of the Settlement Class Members to be heard with respect to the

Plan of Allocation.

B. The accrued and estimated Settlement Administrative Costs are reasonable and

appropriate given the scope and the size of the proposed Settlement Class, the negotiated relief

and the related costs of providing adequate notice.

III. Calculation of Allocation

A. For each Settlement Class Member, the Claims Administrator shall determine the

approximate net loss ("Net Loss") as follows: Net Loss = A + B - C - D, where, for each

Settlement Class Member's account:

1. A = the dollar value, if any, of the balance in JDSU common stock or units

on the first day of the Class Period;

2. B = the dollar value, if any, of all purchases of JDSU common stock or

units during the Class Period as of the time of purchase(s);

3. C = the dollar value, if any, of all dispositions of JDSU common stock or

units during the Class Period as of the time of the sale(s); and

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4. D = the dollar value, if any, of JDSU common stock or units remaining on

the last day of the Class Period.

B. The Net Losses of the Settlement Class Members as calculated in Section III.A

above will be totaled to yield the loss of the Plans as a whole over the Class Period (the "Plans'

Loss"). The Claims Administrator shall calculate for each Settlement Class Member his or her

"Preliminary Fractional Share" of the Plans' Loss, i.e., by dividing each Settlement Class

Member's Net Loss by the Plans' Loss.

C. The Claims Administrator shall then calculate for each Settlement Class Member

his or her "Preliminary Dollar Recovery" of the Net Settlement Fund Proceeds by multiplying

the Settlement Class Member's Preliminary Fractional Share by the Net Settlement Fund

Proceeds.

D. The Claims Administrator shall identify all Settlement Class Members whose

Preliminary Dollar Recovery is greater than zero but less than a minimum amount of ten dollars

($10.00) (the "Minimum Amount"). All such Settlement Class Members shall receive an

allocation from the Net Settlement Fund Proceeds of the Minimum Amount.

E. The Claims Administrator shall then, taking into account the Settlement Class

Members who receive the Minimum Amount, recalculate the Preliminary Fractional Shares and

the Preliminary Dollar Recoveries as many times as necessary so as to arrive at the "Final

Fractional Share" and the "Final Dollar Recovery" for each Settlement Class Member. The sum

of the Final Dollar Recoveries must equal the Net Proceeds.

IV. Distribution of the Allocated Amounts

A. As soon as practicable after the calculations pursuant to Section III above, Class

Counsel shall direct the Escrow Agent to deposit the Net Proceeds into the JDSU Plan. 

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B. Settlement Class Members With Accounts Under the Plan. As promptly as

possible after deposit of the Net Proceeds into the Plan, the Plan Trustee shall deposit into each

Settlement Class Member's account under the Plan his or her Final Individual Dollar Recovery as

calculated above, less any additional expenses or administrative charges approved by the Court.

The deposited amount shall be allocated among the Settlement Class Member's investment

options in accordance with the existing investment elections then in effect and treated thereafter

for all purposes under the Plan as assets of the Plan properly credited to that Settlement Class

Member's account, unless otherwise agreed to by Class Counsel and Counsel for Defendants.

C. Settlement Class Members Without Accounts Under the Plan. With respect to

Settlement Class Members who withdrew their accounts under the Plans after the beginning of

the Settlement Class Period, the Plan Trustee will establish an account for each such Settlement

Class Member and deposit into that account the Settlement Class Member's Final Individual

Dollar Recovery. Each such Settlement Class Member will be notified of the account along with

further instructions from the Plan Trustee, in consultation with the Parties.

D. Unlocatable Settlement Class Members. If any Settlement Class Member with a

Final Individual Dollar Recovery cannot be located despite reasonable efforts, such Settlement

Class Member's Final Individual Dollar Recovery shall be administered in accordance with the

procedures of the Plan regarding unlocatable participants. If any Settlement Class Member with

a Final Individual Dollar Recovery is deceased, such Settlement Class Member's Final Individual

Dollar Recovery shall be administered in accordance with the procedures of the Plan regarding

deceased participants.

V. Qualifications and Continuing Jurisdiction

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A. In light of the manner in which the data is kept and the ease with which it can be

manipulated, it may be appropriate to simplify some of the features of these calculations. Such

simplifications are acceptable as long as the two basic features of the distribution of the Net

Proceeds are preserved: (1) that each Settlement Class Member receives a proportionate share of 

the Net Proceeds based approximately on the decline in the value of JDSU common stock held in

the Settlement Class Members' account over the Class Period in comparison with the decline in

value of JDSU common stock held by all other Settlement Class Members; and (2) that the

distribution take place through the Plan so as to realize any potential tax advantage of investment

in the Plan. Any such changes will be presented to the Court for approval pursuant to Section

V.B below.

B. The Court will retain jurisdiction over the Plan of Allocation to the extent

necessary to ensure that it is fully and fairly implemented.

SO ORDERED this 4th day of May, 2010.

_______________________________

HON. CLAUDIA WILKEN

UNITED STATES DISTRICT JUDGE

Case 4:03-cv-04743-CW Document 233 Filed 05/04/10 Page 6 of 6