Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_02-cv-05344/USCOURTS-cand-3_02-cv-05344-8/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

For the Northern District of California

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NOT FOR PUBLICATION

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

CHRISTINE KUEHBECK, on behalf of

herself and all others similarly situated,

Plaintiff,

 v.

GENESIS MICROCHIP INC., AMNON

FISHER, ERIC ERDMAN, and ANDERS

FRISK,

Defendants.

 /

No. C 02-05344 JSW

ORDER GRANTING

PLAINTIFF’S MOTION TO

APPROVE DISTRIBUTION OF

THE NET SETTLEMENT FUND

On December 8, 2006, this Court entered a judgment as to Defendants Genesis

Microchip Inc., Amnon Fisher, Eric Erdman, and Anders Frisk, approving the terms and

provisions of the Stipulation of Settlement dated May 25, 2006 (the “Stipulation of Settlement”)

in this class action and awarding counsel fees and expenses.

On July 13, 2007, Plaintiff filed a motion to approve the distribution of the net

settlement fund and noticed the matter for a hearing on August 17, 2007. Defendants have filed

a statement of non-opposition to that motion. Having considered Plaintiff’s motion and the

declarations in support thereof, the lack of opposition from Defendants, relevant legal authority,

the record in this case, and having had the benefit of oral argument, the Court HEREBY

GRANTS the motion.

//

//

Case 3:02-cv-05344-JSW Document 114 Filed 08/17/07 Page 1 of 3
United States District Court

For the Northern District of California

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Accordingly, it is HEREBY ORDERED that the Net Settlement Fund be distributed as

soon as practicable to the claimants listed in Exhibit “B” to the Declaration of Steven J. Cirami

(“Cirami Declaration”), which list includes the Authorized Claimants who timely filed their

claims and those claimants whose claims were filed late but who, in every other respect, have

filed valid claims, pursuant to the Plan of Allocation described in the Notice of Pendency and

Proposed Settlement of Class Action; and it is

FURTHER ORDERED that the claims set forth in Exhibit “C” to the Cirami

Declaration are hereby rejected and that any future filed claims are hereby rejected as untimely;

and it is

FURTHER ORDERED that Garden City Group, Inc. (the “Settlement Administrator”)

be paid fees and reimbursed expenses in the amount of $111,274.59 out of the Net Settlement

Fund, as requested in ¶22 of the Cirami Declaration; and it is

FURTHER ORDERED, that the Settlement Administrator shall make reasonable and

diligent efforts to distribute the Net Settlement Fund to those Authorized Claimants listed in

Exhibit B to the Cirami Declaration, as provided in the Stipulation of Settlement, and any

balance remaining in the Net Settlement Fund after six (6) months from the date of the initial

distribution of the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or

otherwise), shall, if feasible (in the judgment of Lead Counsel), be reallocated among the

Authorized Claimants in an equitable and economic fashion. Thereafter, any balance which still

remains in the Net Settlement Fund three (3) months from the date of any such supplemental

distribution, shall be contributed to non-sectarian, not-for-profit charitable organizations serving

the public interest, designated by, and unaffiliated with, Lead Counsel; and it is

FURTHER ORDERED, that the Settlement Administrator, the parties, counsel herein in

any capacity in which they may act hereunder, and any employees or agents of such Settlement

Administrator, law firms or the parties (including without limitation those employees who may

furnish services in connection with the settlement) shall not be liable for anything done or

omitted to be done in connection with the Settlement and the administration thereof except for

their own willful misconduct; and it is

Case 3:02-cv-05344-JSW Document 114 Filed 08/17/07 Page 2 of 3
United States District Court

For the Northern District of California

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FURTHER ORDERED that this Court retains jurisdiction over any further application

or matter which may arise in connection with this action. 

IT IS SO ORDERED.

Dated: August 17, 2007 

JEFFREY S. WHITE

UNITED STATES DISTRICT JUDGE

Case 3:02-cv-05344-JSW Document 114 Filed 08/17/07 Page 3 of 3