Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_03-cv-00986/USCOURTS-cand-3_03-cv-00986-0/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 

In re SOLECTRON CORPORATION 

SECURITIES LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

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Master File No. C-03-0986-CRB 

[PROPOSED] ORDER PRELIMINARILY 

APPROVING SETTLEMENT AND 

PROVIDING FOR NOTICE 

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WHEREAS, a consolidated class action is pending before the Court entitled In re Solectron 

Corporation Securities Litigation, Master File No. C-03-0986-CRB (the “Litigation”); 

WHEREAS, the Court has received the Stipulation of Settlement dated as of November 11, 

2005 (the “Stipulation”), that has been entered into by the Lead Plaintiffs and Defendants, and the 

Court has reviewed the Stipulation and its attached Exhibits; and 

WHEREAS, the court provisionally certified the Class by Stipulation and Order dated 

September 3, 2004; 

WHEREAS, the parties having made application, pursuant to Federal Rule of Civil 

Procedure 23(e), for an order preliminarily approving the settlement of this Litigation, in accordance 

with the Stipulation which, together with the Exhibits annexed thereto sets forth the terms and 

conditions for a proposed settlement of the Litigation and for dismissal of the Litigation with 

prejudice upon the terms and conditions set forth therein; and the Court having read and considered 

the Stipulation and the Exhibits annexed thereto; and 

WHEREAS, all defined terms contained herein shall have the same meanings as set forth in 

the Stipulation; 

NOW, THEREFORE, IT IS HEREBY ORDERED: 

1. The Court does hereby preliminarily approve the Stipulation and the settlement set 

forth therein, subject to further consideration at the Settlement Hearing described below. 

2. A hearing (the “Settlement Hearing”) shall be held before this Court on March 3, 

2006, at 10:00 a.m., at the United States Courthouse, 450 Golden Gate Avenue, San Francisco, 

California, to determine whether the proposed settlement of the Litigation on the terms and 

conditions provided for in the Stipulation is fair, reasonable and adequate to the Class and should be 

approved by the Court; whether a Judgment as provided in ¶1.12 of the Stipulation should be entered 

herein; whether the proposed Plan of Allocation should be approved; and to determine the amount of 

fees and expenses that should be awarded to Lead Counsel. The Court may adjourn the Settlement 

Hearing without further notice to Members of the Class. 

3. The Court approves, as to form and content, the Notice of Pendency and Proposed 

Settlement of Class Action (the “Notice”), the Proof of Claim and Release form (the “Proof of 

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Claim”), and Summary Notice for publication annexed as Exhibits A-1, A-2 and A-3 hereto, and 

finds that the mailing and distribution of the Notice and publishing of the Summary Notice 

substantially in the manner and form set forth in ¶¶4-5 of this Order meet the requirements of 

Federal Rule of Civil Procedure 23 and due process, and is the best notice practicable under the 

circumstances and shall constitute due and sufficient notice to all Persons entitled thereto. 

4. Pursuant to Rule 53(c) of the Federal Rules of Civil Procedure, the Court appoints 

The Garden City Group, Inc. (“Claims Administrator”) to supervise and administer the notice 

procedure as well as the processing of claims as more fully set forth below: 

(a) Not later than December 28, 2005 (the “Notice Date”), Lead Counsel shall 

cause a copy of the Notice and the Proof of Claim, substantially in the forms annexed as Exhibits A1 and A-2, to be mailed by first class mail to all Class Members who can be identified with 

reasonable effort; 

(b) Not later than December 29, 2005, Lead Counsel shall cause the Summary 

Notice to be published once in Investor’s Business Daily; and 

(c) At least seven (7) calendar days prior to the Settlement Hearing, Lead Counsel 

shall cause to be served on Defendants’ counsel and filed with the Court proof, by affidavit or 

declaration, of such mailing and publishing. 

5. Nominees who purchased or acquired Solectron common stock between June 18, 

2001 and September 26, 2002, inclusive, including Solectron common stock acquired in exchange 

for shares of C-MAC Industries common stock pursuant to a registration statement filed October 19, 

2001, shall send the Notice and the Proof of Claim to all beneficial owners of such Solectron 

common stock within ten (10) days after receipt thereof, or send a list of the names and addresses of 

such beneficial owners to the Claims Administrator within ten (10) days of receipt thereof, in which 

event the Claims Administrator shall promptly mail the Notice and Proof of Claim to such beneficial 

owners. Lead Counsel shall, if requested, reimburse banks, brokerage houses or other nominees 

solely for their reasonable out-of-pocket expenses incurred in providing notice to beneficial owners 

who are Class Members out of the Class Notice and Administration Fund, which expenses would not 

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have been incurred except for the sending of such notice, subject to further order of this Court with 

respect to any dispute concerning such compensation. 

6. All Members of the Class shall be bound by all determinations and judgments in the 

Litigation concerning the settlement, whether favorable or unfavorable to the Class. 

7. Class Members who wish to participate in the settlement shall complete and submit 

Proof of Claim forms in accordance with the instructions contained therein. Unless the Court orders 

otherwise, all Proof of Claim forms must be submitted no later than ninety (90) days from the Notice 

Date. Any Class Member who does not timely submit a Proof of Claim within the time provided for 

shall be barred from sharing in the distribution of the proceeds of the Net Settlement Fund, unless 

otherwise ordered by the Court. 

8. Any Person who desires to request exclusion from the Class shall do so within the 

time set forth and in the manner described in the Notice. All Persons who submit valid and timely 

Requests for Exclusion in the manner set forth in the Notice shall have no rights under the 

Stipulation, shall not share in the distribution of the Net Settlement Fund, and shall not be bound by 

the Stipulation or the Judgment entered in the Litigation. 

9. Any Member of the Class may enter an appearance in the Litigation, at their own 

expense, individually or through counsel of their own choice. If they do not enter an appearance, 

they will be represented by Lead Counsel. 

10. Any Member of the Class may appear and show cause, if he, she or it has any reason, 

why the proposed settlement of the Litigation should or should not be approved as fair, reasonable 

and adequate, why a judgment should or should not be entered thereon, why the Plan of Allocation 

should or should not be approved, or why attorneys’ fees and expenses should or should not be 

awarded to Lead Counsel; provided, however, that no Class Member or any other Person shall be 

heard or entitled to contest the approval of the terms and conditions of the proposed settlement, or, if 

approved, the Judgment to be entered thereon approving the same, or the order approving the Plan of 

Allocation, or the attorneys’ fees and expenses to be awarded to Lead Counsel, unless that Person 

has delivered by hand or sent by first class mail written objections and copies of any papers and 

briefs such that they are received on or before February 13, 2006, by: Lerach Coughlin Stoia Geller 

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Rudman & Robbins LLP, Joy Ann Bull, 655 W. Broadway, Suite 1900, San Diego, California 

92101; Schiffrin & Barroway, LLP, Katherine M. Ryan, 280 King of Prussia Road, Radnor, PA 

19087; and Wilson Sonsini Goodrich & Rosati, P.C., David L. Lansky, 650 Page Mill Road, Palo 

Alto, California 94304, and filed said objections, papers and briefs with the Clerk of the United 

States District Court for the Northern District of California, on or before February 13, 2006. Any 

Member of the Class who does not make his, her or its objection in the manner provided shall be 

deemed to have waived such objection and shall forever be foreclosed from making any objection to 

the fairness or adequacy of the proposed settlement as set forth in the Stipulation, to the Plan of 

Allocation, or to the award of attorneys’ fees and expenses to Lead Counsel, unless otherwise 

ordered by the Court. 

11. All funds held by the Escrow Agent shall be deemed and considered to be in custodia

legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time as such 

funds shall be distributed pursuant to the Stipulation and/or further order(s) of the Court. 

12. All papers in support of the settlement, the Plan of Allocation, and the application by 

Lead Counsel for attorneys’ fees or reimbursement of expenses shall be filed and served seven (7) 

calendar days before the Settlement Hearing. 

13. Neither Defendants nor their Related Parties shall have any responsibility for or 

liability with respect to the Plan of Allocation or any application for attorneys’ fees or 

reimbursement of expenses submitted by Lead Counsel, and such matters will be considered 

separately from the fairness, reasonableness and adequacy of the settlement. 

14. At or after the Settlement Hearing, the Court shall determine whether the Plan of 

Allocation proposed by Lead Counsel, and any application for attorneys’ fees or reimbursement of 

expenses shall be approved. 

15. All reasonable expenses incurred in identifying and notifying Class Members, as well 

as administering the Settlement Fund, shall be paid as set forth in the Stipulation. In the event the 

settlement is not approved by the Court, or otherwise fails to become effective, neither the Lead 

Plaintiffs nor Lead Counsel shall have any obligation to repay any amounts actually and properly 

disbursed from the Class Notice and Administration Fund. 

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16. Neither the Stipulation, nor any of its terms or provisions, nor any of the negotiations 

or proceedings connected with it, shall be construed as an admission or concession by Defendants or 

their Related Parties of the truth of any of the allegations in the Litigation, or of any liability, fault, 

or wrongdoing of any kind. 

17. The Court reserves the right to adjourn the date of the Settlement Hearing without 

further notice to the Members of the Class, and retains jurisdiction to consider all further 

applications arising out of or connected with the proposed settlement. The Court may approve the 

settlement, with such modifications as may be agreed to by the Settling Parties, if appropriate, 

without further notice to the Class. 

DATED: _____________________ 

 THE HONORABLE CHARLES R. BREYER 

UNITED STATES DISTRICT JUDGE 

Submitted by: 

 GREEN WELLING LLP 

ROBERT S. GREEN 

235 Pine Street, 15th Floor 

San Francisco, CA 94104 

Telephone: 415/477-6700 

415/477-6710 (fax) 

Liaison Counsel 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

SAMUEL H. RUDMAN 

DAVID A. ROSENFELD 

200 Broadhollow Road, Suite 406 

Melville, NY 11747 

Telephone: 631/367-7100 

631/367-1173 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

JOY ANN BULL 

s/ Joy Ann Bull 

JOY ANN BULL 

November 30, 2005

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

APPROVED

Judge Charles R. Breyer

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655 W. Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

SCHIFFRIN & BARROWAY, LLP 

KATHARINE M. RYAN 

KAY E. SICKLES 

280 King of Prussia Road 

Radnor, PA 19087 

Telephone: 610/667-7706 

610/667-7056 (fax) 

s/ Katherine M. Ryan 

KATHERINE M. RYAN 

SCHATZ & NOBEL, P.C. 

ANDREW M. SCHATZ 

JEFFREY S. NOBEL 

NANCY A. KULESA 

One Corporate Center 

20 Church Street, Suite 1700 

Hartford, CT 06103 

Telephone: 860/493-6292 

860/493-6290 (fax) 

COHEN, MILSTEIN, HAUSFELD 

 & TOLL, P.L.L.C. 

STEVEN J. TOLL 

DANIEL S. SOMMERS 

1100 New York Avenue, N.W. 

West Tower, Suite 500 

Washington, DC 20005-3964 

Telephone: 202/408-4600 

202/408-4699 (fax) 

Executive Committee Members 

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