Wolf Popper LLP

Court Grants Final Approval To Tag-It Pacific, Inc. Settlement

The Honorable Manuel L. Real granted final approval to the proposed settlement of the securities fraud action against Tag-It Pacific, Inc. in Huberman v. Tag-It Pacific, Inc., et al., Case No. 2:05-cv-07352-R(Ex) (C.D. Cal.). During the litigation, Wolf Popper, among other things, defeated defendants’ motions to dismiss the complaint and obtained a reversal of the district court’s grant of summary judgment for defendants from the Ninth Circuit Court of Appeals (Huberman v. Tag-It Pac., Inc., 314 Fed. Appx. 59 (9th Cir. Cal. 2009)). Proof of claim forms must be postmarked by January 21, 2010.


Tag-It Pacific, Inc. Settlement

Wolf Popper arrived at a proposed settlement in a securities fraud action against Tag-It Pacific, Inc. in Huberman v. Tag-It Pacific, Inc., et al., Case No. 2:05-cv-07352-R(Ex) (C.D. Cal.). During the litigation, Wolf Popper, among other things, defeated defendants’ motions to dismiss the complaint and obtained a reversal of the district court’s grant of summary judgment for defendants from the Ninth Circuit Court of Appeals (Huberman v. Tag-It Pac., Inc., 314 Fed. Appx. 59 (9th Cir. Cal. 2009)).

Wolf Popper represented Seth Huberman, who served as the court-appointed lead plaintiff in this Action.  Paul Hastings Janofsky & Walker LLP represented the defendants.

The Court will hold a Settlement Hearing at 10:00 a.m. on December 7, 2009 before the Honorable Manuel L. Real at the United States District Court for the Central District of California, located at 312 North Spring Street, Los Angeles, CA 90012, in Courtroom 8, to determine:

  1. Whether the proposed Settlement is fair, reasonable and adequate and should be approved by the Court;
  2. Whether the proposed Plan of Allocation for distributing the Settlement to Class Members is fair and reasonable and should be approved; and
  3. Whether the application by Plaintiff’s Counsel for an award of attorneys’ fees and reimbursement of litigation expenses, including payment to Lead Plaintiff, should be approved.

Settlement Related Documents

The following documents, related to the Settlement of the securities class action captioned Huberman v. Tag-It Pacific, Inc., et al., Case No. 2:05-cv-07352-R(Ex) (C.D. Cal.), have been posted for review by the members of the Settlement Class in this action:

Notice of Pendency and Proposed Settlement of Class Action and Settlement Hearing

Proof of Claim

For additional information on this settlement, please visit http://www.tag-itclassactionsettlement.com/

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Related Practice Area...

Securities Litigation