In Re Initial Public Offering Securities Litigation
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
SHIRAA. SCHEINDLIN, United States District Judge:
I. INTRODUCTION
This consolidated action comprises hundreds of securities class actions brought against issuers and underwriters of technology stocks that had their initial public offerings (“IPOs”) during the late 1990s. On April 2, 2009, the parties filed a Stipulation and Agreement of Settlement (“Stipulation”) that seeks to conclude eight years of litigation in all 309 coordinated class actions. Following the Court’s preliminary approval of the proposed settlement, plaintiffs now move for an Order of Final Approval of the…
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