Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_06-cv-06286/USCOURTS-cand-5_06-cv-06286-17/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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[C-06-06286 RMW] [PROPOSED] ORDER APPROVING FINAL DISTRIBUTION PLAN 

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Michael K. Yarnoff (admitted Pro Hac Vice)

Jennifer L. Enck

KESSLER TOPAZ

MELTZER & CHECK, LLP

280 King of Prussia Road

Radnor, PA 19087

Telephone: (610) 667-7706 

Facsimile: (610) 667-7056

myarnoff@ktmc.com

jenck@ktmc.com

Co-Lead Counsel

Joseph C. Kohn (admitted Pro Hac Vice)

Denis F. Sheils (admitted Pro Hac Vice)

William E. Hoese (admitted Pro Hac Vice)

KOHN, SWIFT & GRAF, P.C.

One South Broad Street, Suite 2100

Philadelphia, PA 19107

Telephone: (215) 238-1700

Facsimile: (215) 238-1968

jkohn@kohnswift.com

dsheils@kohnswift.com

whoese@kohnswift.com

Co-Lead Counsel

Joseph J. Tabacco, Jr. (Bar No. 75484) 

Nicole Lavallee (Bar No. 165755)

BERMAN DeVALERIO 

One California Street

Suite 900

San Francisco, CA 94111

Telephone: (415) 433-3200

Facsimile: (415) 433-6382

jtabacco@bermandevalerio.com

nlavallee@bermandevalerio.com

Liaison Counsel

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

In re Marvell Technology Group Ltd.

Securities Litigation

____________________________________

THIS DOCUMENT RELATES TO:

All Actions

Master File No. C-06-06286 RMW

CLASS ACTION

[PROPOSED] ORDER APPROVING

FINAL DISTRIBUTION PLAN

DATE: APRIL 24, 2015

TIME: 9:00 A.M.

PLACE: COURTROOM 6

THE HONORABLE RONALD M. WHYTE

Case 5:06-cv-06286-RMW Document 306 Filed 04/13/15 Page 1 of 4
[C-06-06286 RMW] [PROPOSED] ORDER APPROVING FINAL DISTRIBUTION PLAN 1

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WHEREAS, on November 13, 2009, this Court entered the Final Judgment and Order 

approving the Settlement of the above-captioned action (“Action”), as embodied in the Stipulation 

and Agreement of Settlement dated June 9, 2009 (“Stipulation”), ECF No. 281;

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WHEREAS, the Court-approved claims administrator for the Action, Epiq Class Action & 

Claims Solutions (“Epiq”), processed all Proofs of Claim submitted in connection with the 

Settlement in accordance with the terms of the Stipulation and the Plan of Allocation set forth in the 

Notice disseminated to the Class; 

WHEREAS, upon completion of the processing of Proofs of Claim and pursuant to the 

Court’s Order re: Distribution of Class Settlement Fund dated August 8, 2011, ECF No. 301, Epiq 

conducted an initial distribution of the Net Settlement Fund to Authorized Claimants (“Initial 

Distribution”); 

WHEREAS, following the Initial Distribution and Epiq’s efforts to encourage Authorized 

Claimants to cash their checks, there remained unclaimed and returned funds in the Net Settlement 

Fund;

WHEREAS, Epiq conducted a second distribution of the unclaimed and returned funds 

remaining in the Net Settlement Fund to eligible Authorized Claimants (“Second Distribution”); 

WHEREAS, following the Second Distribution and Epiq’s efforts to encourage Authorized 

Claimants to cash their checks, there currently remains $631,678.50 in unclaimed or returned funds 

in the Net Settlement Fund; and

WHEREAS, this Court has retained jurisdiction of this Action for the purpose of 

considering any further application or matter which may arise in connection with the administration 

and execution of the Settlement and the processing of Proofs of Claim and the distribution of the 

Net Settlement Fund.

 1 Unless otherwise noted, capitalized terms used herein shall have those meanings contained in the 

Stipulation or in the Affidavit of Stephanie Thurin in Support of Lead Plaintiffs’ Motion for 

Approval of Final Distribution Plan (“Thurin Affidavit”) dated March 11, 2015.

Case 5:06-cv-06286-RMW Document 306 Filed 04/13/15 Page 2 of 4
[C-06-06286 RMW] [PROPOSED] ORDER APPROVING FINAL DISTRIBUTION PLAN 2

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NOW, THEREFORE, upon reading the Thurin Affidavit, submitted on behalf of Epiq, and 

the accompanying motion and memorandum in support, and upon all prior proceedings herein and 

after due deliberation, it is hereby:

ORDERED that all Authorized Claimants whose Second Distribution checks are stale-dated 

and who have not requested a check reissue prior to the entry of this Order will irrevocably forfeit 

any additional recovery from the Settlement, and the funds allocated to all such stale-dated checks 

will be available for re-distribution to other Authorized Claimants; and it is further

ORDERED that Epiq be paid up to $56,952 from the remaining balance of the Net 

Settlement Fund for its fees and expenses incurred, and to be incurred, in connection with its 

services provided, and to be provided, through the completion of this Action; and it is further

ORDERED that Epiq will conduct a third distribution of the Net Settlement Fund (“Third 

Distribution”), pursuant to which the remaining balance of the Net Settlement Fund, after deducting 

the payment to Epiq, and after deducting any payments for estimated taxes and the costs of 

preparing appropriate tax returns and escrow fees, will be distributed to all eligible Authorized 

Claimants (i.e., Authorized Claimants who have cashed their checks from the Second Distribution,

or have submitted a check reissue request prior to the date of entry of this Order) and who would 

receive at least $10.00 from such re-distribution); and it is further

ORDERED that all checks issued in the Third Distribution will bear a notation “DEPOSIT 

PROMPTLY, VOID AND SUBJECT TO RE-DISTRIBUTION IF NOT NEGOTIATED WITHIN 

SIXTY (60) DAYS OF DATE OF ISSUE”; and it is further

ORDERED that Authorized Claimants who do not cash their checks within the time allotted 

will irrevocably forfeit all recovery from the Third Distribution; and it is further

ORDERED that if after six (6) months after the Third Distribution any funds remain in the 

Net Settlement Fund from uncashed or returned checks after Epiq has made reasonable and diligent 

efforts to have Authorized Claimants who are entitled to participate in the Third Distribution cash 

their checks, and after payment of any unpaid costs or fees incurred or to be incurred in connection 

with administering the Net Settlement Fund, such remaining funds shall be donated to Bay Area 

Case 5:06-cv-06286-RMW Document 306 Filed 04/13/15 Page 3 of 4
[C-06-06286 RMW] [PROPOSED] ORDER APPROVING FINAL DISTRIBUTION PLAN 3

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Legal Aid, a 501(c)(3) charitable organization selected by Lead Plaintiffs through their Counsel and 

agreed to by Marvell Technology Group Ltd; and it is further

ORDERED that all persons involved in the review, verification, calculation, tabulation, or 

any other aspect of the processing of the claims 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 Class Members, 

whether or not they are to receive payment from the Net Settlement Fund, are barred from making 

any further claim against the Net Settlement Fund or the released persons beyond the amount 

allocated to them pursuant to this Order; and it is further

ORDERED that this Court retain jurisdiction over any further application or matter which 

may arise in connection with this Action.

SO ORDERED.

DATED: April 13, 2015 ______________________________________

THE HONORABLE RONALD M. WHYTE

UNITED STATES DISTRICT JUDGE

Case 5:06-cv-06286-RMW Document 306 Filed 04/13/15 Page 4 of 4