Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_12-cv-05265/USCOURTS-cand-3_12-cv-05265-10/pdf.json

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

---

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

United States District Court

Northern District of California

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SHANE JOHNSON, et al.,

Plaintiffs,

v.

OCZ TECHNOLOGY GROUP, INC., et al.,

Defendants.

Case No. 12-cv-05265-RS 

ORDER REQUESTING FURTHER 

BRIEFING

Plaintiffs and lead counsel have filed a motion for distribution of funds. The proposed 

order contains the following release: 

All persons involved in the review, verification, calculation, tabulation, or any 

other aspect of the processing of the Proofs of Claim submitted herein, or otherwise

involved in the administration or taxation of the Settlement Fund or the Net 

Settlement Fund are released and discharged from any and all claims arising out of 

such involvement, and all Settlement Class Members, whether or not they receive 

payment from the Net Settlement Fund, are barred from making any further claims 

against the Net Settlement Fund, Lead Plaintiffs, Lead Counsel, the Claims 

Administrator, the Escrow Agent or any other agent retained by Lead Plaintiffs or 

Lead Counsel in connection with the administration or taxation of the Settlement 

Fund or the Net Settlement Fund beyond the amount allocated to Authorized 

Claimants. 

Proposed Order ¶ K.

Plaintiffs have not identified legal authority for such a release or explained fully why the 

court should order this release. Accordingly, plaintiffs are requested to submit a supplemental 

brief within 15 days of the date of this order, not to exceed 5 pages, explaining why this release is 

Case 3:12-cv-05265-RS Document 122 Filed 02/25/16 Page 1 of 2
<< SHORT ORDER TITLE >>

CASE NO. 12-cv-05265-RS

2

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

United States District Court

Northern District of California

legal, fair, and proper. The hearing on the motion for distribution of net settlement funds is 

continued until March 17, 2016, at 1:30 p.m.

IT IS SO ORDERED.

Dated: February 25, 2016

______________________________________

RICHARD SEEBORG

United States District Judge

Case 3:12-cv-05265-RS Document 122 Filed 02/25/16 Page 2 of 2