Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_03-cv-05517/USCOURTS-cand-5_03-cv-05517-9/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

In re CERUS CORPORATION SECURITIES 

LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

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Master File No. C-03-5517-JF(RS) 

CLASS ACTION

[PROPOSED] FINAL JUDGMENT AND 

ORDER OF DISMISSAL WITH PREJUDICE

DATE: February 16, 2007 

TIME: 9:00 a.m. 

COURTROOM: The Honorable 

Jeremy Fogel 

**E-filed 2/16/07** -------------

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This matter came before the Court for hearing pursuant to an Order of this Court, filed 

November 21, 2006, on the application of the Settling Parties for approval of the Settlement set forth 

in the Stipulation and Agreement of Settlement filed on September 8, 2006 (the “Stipulation”). Due 

and adequate notice having been given of the Settlement as required in said Order, and the Court 

having considered all papers filed and proceedings held herein and otherwise being fully informed in 

the premises and good cause appearing therefore, IT IS HEREBY ORDERED, ADJUDGED AND 

DECREED that: 

1. This Judgment incorporates by reference the definitions in the Stipulation, and all 

terms used herein shall have the same meanings set forth in the Stipulation. 

2. This Court has jurisdiction over the subject matter of the Litigation and over all 

parties to the Litigation, including all members of the Settlement Class. 

3. Except as to any individual claim of those Persons (identified in Exhibit 1 attached 

hereto) who have validly and timely requested exclusion from the Settlement Class, the Litigation 

and all claims contained therein, including all of the Released Claims, are dismissed with prejudice 

as to the Lead Plaintiffs and the other members of the Settlement Class, and as against Defendants. 

The Settling Parties are to bear their own costs, except as otherwise provided in the Stipulation. 

4. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, this Court hereby 

approves the Settlement set forth in the Stipulation and finds that said Settlement is, in all respects, 

fair, reasonable and adequate to, and is in the best interests of, the Lead Plaintiffs, the Settlement 

Class and each of the Settlement Class Members. This Court further finds the Settlement set forth in 

the Stipulation is the result of arm’s-length negotiations between experienced counsel representing 

the interests of the Lead Plaintiffs, the Settlement Class Members and Defendants. Accordingly, the 

Settlement embodied in the Stipulation is hereby approved in all respects and shall be consummated 

in accordance with its terms and provisions. The Settling Parties are hereby directed to perform the 

terms of the Stipulation. 

5. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, the Court hereby 

certifies, for purposes of effectuating this Settlement, a Settlement Class of all Persons who 

purchased or otherwise acquired Cerus common stock between December 19, 2000 and January 30, 

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2003, inclusive. Excluded from the Settlement Class are the Defendants, members of the immediate 

families of the Individual Defendants, any entity in which any Defendant has a controlling interest, 

and the legal representatives, heirs, successors, or assigns of any Defendant. Also excluded from the 

Settlement Class are those Persons who timely and validly requested exclusion from the Settlement 

Class pursuant to the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”). 

6. With respect to the Settlement Class, this Court finds for the purposes of effectuating 

this Settlement that: (a) the members of the Settlement Class are so numerous that joinder of all 

Settlement Class Members in the Litigation is impracticable; (b) there are questions of law and fact 

common to the Settlement Class which predominate over any individual questions; (c) the claims of 

the Lead Plaintiffs are typical of the claims of the Settlement Class; (d) the Lead Plaintiffs and 

Plaintiffs’ Lead Counsel have fairly and adequately represented and protected the interests of all of 

the Settlement Class Members; and (e) a class action is superior to other available methods for the 

fair and efficient adjudication of the controversy, considering: (i) the interests of the members of the 

Settlement Class in individually controlling the prosecution of the separate actions; (ii) the extent 

and nature of any litigation concerning the controversy already commenced by members of the 

Settlement Class; (iii) the desirability or undesirability of continuing the litigation of these claims in 

this particular forum; and (iv) the difficulties likely to be encountered in the management of the 

Litigation. 

7. Upon the Effective Date, the Representative Plaintiffs hereby fully, finally, and 

forever release, relinquish and discharge all Released Claims (including Unknown Claims) against 

each and all of the Released Persons. 

8. Upon the Effective Date, each and all Settlement Class Members shall be deemed to 

have fully, finally, and forever released, relinquished and discharged all Released Claims (including 

Unknown Claims) against each and all of the Released Persons, whether or not such Settlement 

Class Member executes and delivers the Proof of Claim and Release. 

9. Upon the Effective Date, each of the Released Persons shall fully, finally, and forever 

release, relinquish and discharge the Representative Plaintiffs and each and all of the other 

Settlement Class Members, and Representative Plaintiffs’ Counsel, from all claims (including 

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Unknown Claims) arising out of, relating to, or in connection with the institution, prosecution, 

assertion or resolution of the Litigation or the Released Claims. 

10. Upon the Effective Date, each of the Defendants hereby fully, finally, and forever 

releases, relinquishes and discharges against each of the other Defendants and their respective 

Related Parties the following: all claims arising out of, relating to, or in connection with (1) the 

Released Claims; (2) the payments provided for in ¶ 2.1 of the Stipulation; and (3) the payment of 

attorneys’ fees, costs and expenses incurred in defense of this Litigation. Specifically excluded from 

the releases in this paragraph are: (i) any claims, rights, demands, causes of action, liabilities, and 

suits arising out of the claims that are or may be asserted by any Person falling within the definition 

of the Settlement Class who validly and timely requested to be excluded from the Settlement of the 

Litigation as provided for in the Stipulation; and (ii) any right of Cerus’s current and former officers 

and directors to receive (or obligation to repay) indemnification or advancement of legal expenses 

arising from law and/or statute, Cerus’s articles of incorporation and by-laws, any existing 

agreements, or any resolution (or otherwise) of the Board of Directors of Cerus; provided, however, 

that Cerus shall not seek from its former officers and directors repayment of payments made or 

defense expenses incurred by them or on their behalf in this Litigation. 

11. The distribution of the Notice and the publication of the Summary Notice as provided 

for in the Order Preliminarily Approving Settlement and Providing for Notice constituted the best 

notice practicable under the circumstances, including individual notice to all members of the 

Settlement Class who could be identified through reasonable effort. Said Notice provided the best 

notice practicable under the circumstances of those proceedings and of the matters set forth therein, 

including the Settlement set forth in the Stipulation, to all Persons entitled to such notice, and said 

Notice fully satisfied the requirements of Federal Rule of Civil Procedure 23, the requirements of 

due process, and any other applicable law. 

12. Any plan of allocation submitted by Plaintiffs’ Lead Counsel or any order entered 

regarding the attorneys’ fee and expense application shall in no way disturb or affect this Final 

Judgment and shall be considered separate from this Final Judgment. 

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13. The Settling Parties agree that the amount of the Settlement Fund, as well as the other 

terms of the Settlement, reflects a good-faith settlement of Representative Plaintiffs’ and the other 

Settlement Class Members’ claims in the Litigation, reached voluntarily after consultation with 

experienced legal counsel. Neither the Stipulation nor the Settlement contained therein, nor any act 

performed or document executed pursuant to or in furtherance of the Stipulation or the Settlement: 

(i) is or may be deemed to be or may be used as an admission of, or evidence of, the validity of any 

Released Claim, or of any wrongdoing or liability of the Defendants, or any of them, or (ii) is or may 

be deemed to be or may be used as an admission of, or evidence of, any fault or omission of any of 

the Defendants in any civil, criminal or administrative proceeding in any court, administrative 

agency or other tribunal. Released Persons may file the Stipulation and/or the Judgment from this 

Litigation in any other action that may be brought against them in order to support a defense or 

counterclaim based on principles of res judicata, collateral estoppel, release, good-faith settlement, 

judgment bar or reduction or any theory of claim preclusion or issue preclusion or similar defense or 

counterclaim. Defendants have denied and continue to deny each and all of the claims alleged in the 

Litigation. Any Settling Party, and any Settlement Class Member, may file the Stipulation in any 

proceeding brought to enforce any of its terms or provisions. 

14. Without affecting the finality of this Judgment in any way, this Court hereby retains 

continuing jurisdiction over (a) implementation of this Settlement and any award or distribution of 

the Settlement Fund, including interest earned thereon; (b) disposition of the Settlement Fund; 

(c) hearing and determining applications for attorneys’ fees and expenses in the Litigation; and (d) 

all Settling Parties for the purpose of construing, enforcing and administering the Stipulation. 

15. The Court finds that during the course of the Litigation, the Settling Parties and their 

respective counsel at all times complied with the requirements of Federal Rule of Civil Procedure 

11. 

16. In the event that the Settlement does not become effective in accordance with the 

terms of the Stipulation or the Effective Date does not occur on or before April 1, 2007, or in the 

event that the Settlement Fund, or any portion thereof, is returned to Defendants, then this Judgment 

shall be rendered null and void to the extent provided by and in accordance with the Stipulation and 

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shall be vacated and, in such event, all orders entered and releases delivered in connection herewith 

shall be null and void to the extent provided by and in accordance with the Stipulation. 

IT IS SO ORDERED. 

DATED: _________________________ 

THE HONORABLE JEREMY FOGEL 

UNITED STATES DISTRICT JUDGE 

Submitted by: 

 LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

PATRICK J. COUGHLIN 

JOHN K. GRANT 

LUKE O. BROOKS 

100 Pine Street, Suite 2600 

San Francisco, CA 94111 

Telephone: 415/288-4545 

415/288-4534 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

WILLIAM S. LERACH 

JOY ANN BULL 

s/ Joy Ann Bull 

JOY ANN BULL 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

Lead Counsel for Plaintiffs 

S:\Settlement\Cerus.set\JUDGMENT 00038888.doc 

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CERTIFICATE OF SERVICE

I hereby certify that on February 9, 2007, I electronically filed the foregoing with the Clerk 

of the Court using the CM/ECF system which will send notification of such filing to the e-mail 

addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I have 

mailed the foregoing document or paper via the United States Postal Service to the non-CM/ECF 

participants indicated on the attached Manual Notice List. 

I further certify that I caused this document to be forwarded to the following designated 

Internet site at: http://securities.lerachlaw.com/. 

 s/ Joy Ann Bull 

 JOY ANN BULL 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

655 West Broadway, Suite 1900 

San Diego, CA 92101-3301 

Telephone: 619/231-1058 

619/231-7423 (fax) 

E-mail:Joyb@lerachlaw.com

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