Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-00283/USCOURTS-cand-3_05-cv-00283-0/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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[PROPOSED] FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE

CASE NO. C-04-5222-SI

JOSEPH STERNBERG

LAWRENCE A. SUCHAROW

NICOLE M. ZEISS

LABATON SUCHAROW LLP

140 Broadway

New York, New York 10005

Telephone: (212) 907-0700

Facsimile: (212) 818-0477

e-mail: jsternberg@labaton.com

ANDREW M. SCHATZ

JEFFREY S. NOBEL

MARK P. KINDALL, # 138703

SCHATZ NOBEL IZARD, P.C.

20 Church Street, Suite 1700

Hartford, Connecticut 06103

Telephone: (860) 493-6292

Facsimile: (860) 493-6290

e-mail: firm@snilaw.com

LIONEL Z. GLANCY, #134180

PETER A. BINKOW, #173848

MICHAEL GOLDBERG, #188669

GLANCY BINKOW & GOLDBERG LLP

1801 Avenue of the Stars, Suite 311

Los Angeles, California 90067

Telephone: (310) 201-9150

Facsimile: (310) 201-9160

Attorneys for Plaintiffs

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

In re SUPPORTSOFT, INC. SECURITIES

LITIGATION

This document relates to:

ALL ACTIONS

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Civil Action No.: C 04-5222 SI

CLASS ACTION

[PROPOSED] FINAL JUDGMENT AND

ORDER OF DISMISSAL WITH

PREJUDICE

Date: September 28, 2007

Time: 9:00 am

Place: Courtroom 10

Before: Honorable Susan Illston

____________________________________ )

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[PROPOSED] FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE

CASE NO. C-04-5222-SI

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

July 13, 2007, on the application of the Settling Parties for approval of the settlement set forth in

the Class Action Stipulation of Settlement dated as of June 13, 2007 (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. 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 Class,

and as against each and all of the Released Persons. The 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. 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 Settling Parties. 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. By Order dated June 1, 2006, the Court certified a Class of all Persons and entities

who purchased or otherwise acquired the securities of SupportSoft, Inc. (“SupportSoft”) from

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[PROPOSED] FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE

CASE NO. C-04-5222-SI

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January 20, 2004 to October 1, 2004 and who were damaged thereby. Excluded from the Class

are Defendants, the officers and directors of SupportSoft at all relevant times, members of their

immediate families and their legal representatives, heirs, successors or assigns and any entity in

which any excluded person or entity has a controlling interest. Also excluded from the Class is

Paul Takacs, Jr., on behalf of Wall Street Warriors Investment Club, who timely and validly

requested exclusion from the Class pursuant to the Notice of Pendency of Class Action.

6. Upon the Effective Date, the Certified Class Representative and each of the Class

Members shall be deemed to have, and by operation of the Judgment shall have, fully, finally, and

forever released, relinquished and discharged all claims (including unknown claims) demands,

rights, liabilities and causes of action of every nature and description whatsoever, known or

unknown, whether or not concealed or hidden, asserted or that might have been asserted,

including, without limitation, claims for negligence, gross negligence, breach of duty of care

and/or breach of duty of loyalty, fraud, breach of fiduciary duty, or violations of any state or

federal statutes, rules or regulations, arising out of, relating to, or in connection with the purchase

of SupportSoft securities by Plaintiff or any Class Member during the Class Period, against the

Defendants and the Released Persons (the “Released Claims”), whether or not such Class Member

executes and delivers a Proof of Claim and Release form.

7. All Class Members are hereby forever barred and enjoined from prosecuting the

Released Claims against the Released Persons.

8. Upon the Effective Date hereof, each of the Defendants and Released Persons shall

be deemed to have, and by operation of this Judgment shall have, fully, finally, and forever

released, relinquished and discharged each Plaintiff and all of the Class Members and their

counsel from all claims (including unknown claims), arising out of, relating to, or in connection

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[PROPOSED] FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE

CASE NO. C-04-5222-SI

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with the institution, prosecution, assertion, settlement or resolution of the Litigation or the

Released Claims.

9. The distribution of the Notice of Proposed Settlement of Class Action and

Settlement Hearing and the publication of the Summary Notice (collectively “Notice”), which

included individual notice to all Members of the Class who could be identified through reasonable

effort, constituted the best notice practicable under the circumstances. Said Notice fully satisfied

the requirements of Federal Rule of Civil Procedure 23 and the requirements of due process.

10. Any order approving the plan of allocation or the applications for attorneys’ fees

and expenses and the Named Plaintiffs’ costs and expenses, or any objection to or appeal from any

such order, shall in no way disturb or affect this Final Judgment and shall be considered separate

from this Final Judgment.

11. 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: (a) 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 (b) 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. Defendants may file the Stipulation and/or the Judgment 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

other theory of claim preclusion or issue preclusion or similar defense or counterclaim.

12. 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

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[PROPOSED] FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE

CASE NO. C-04-5222-SI

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Settlement Fund; (c) hearing and determining applications for attorneys’ fees and expenses in the

Litigation and for reimbursement of the Named Plaintiffs’ costs and expenses incurred in the

Litigation; and (d) all parties hereto for the purpose of construing, enforcing and administering the

Stipulation.

13. 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.

14. 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, or in the event that the Settlement

Fund, or any portion thereof, is returned to the Defendants, then this Judgment shall be rendered

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

DATED: _____________________ __________________________________________

THE HONORABLE SUSAN ILLSTON

UNITED STATES DISTRICT JUDGE

Case 3:04-cv-05222-SI Document 148 Filed 09/21/2007 Page 5 of 5

9/28/07

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