Skip to Content

News & Media
Case Updates

Court Reschedules Approval Hearing on $29.4 Million Proposed Settlement With Quest Software, Inc. In Options Backdating Securities Fraud Class Action

Case Updates | 03/15/10

Related Case: Quest Software, Inc. Securities Litigation

The Court has entered an order rescheduling the hearing on final approval of the proposed settlement of $29.4 million (plus the cost of providing notice to the class) in Middlesex Retirement System v. Quest Software, Inc., et al., CV06-6863 DOC (RNBx) (C.D. Cal.). The Court had scheduled a final Settlement Hearing for March 15, 2010, but that Hearing has been adjourned to April 26, 2010 to determine (a) whether the proposed Settlement is fair, reasonable and adequate and should be approved by the Court; (b) whether the proposed Plan of Allocation for distributing the Settlement to Class Members is fair and reasonable and should be approved; and (c) 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.

Contact Instructions

You may share a link to this page on any of the sites listed below or send link via email:

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Notice.

Accept & Hide Message