Plan of Allocation

The Settlement provides for an allocation of the Net Settlement Fund in accordance with the Plan of Allocation among Settlement Class Members who submit valid and timely Proof of Claim and Release Forms. Each Settlement Class Member’s Recognized Claim, if any, will be calculated as explained in the Plan of Allocation. The amount of recovery by any particular Settlement Class Member depends on a number of factors, including: (i) when and for what price the Settlement Class Member purchased and/or sold his, her or its securities; (ii) how much of the Settlement Class Member’s loss was attributable to the Settling Defendants’ alleged fraud; and (iii) the total number of securities for which timely and valid Proof of Claim and Release forms and requests for exclusion are submitted by Settlement Class Members.

Each Authorized Claimant will be allocated a pro rata share of the Net Settlement Fund, based on his, her or its Recognized Claim (as calculated under the Plan of Allocation) compared to the total Recognized Claims of all Authorized Claimants. Each Authorized Claimant will be paid an amount determined by multiplying his, her or its Recognized Claim by a fraction, the numerator of which will be the aggregate of the Net Settlement Fund, plus accrued interest, and the denominator of which will be the total Recognized Claims of all Authorized Claimants.

The Plan of Allocation was created by Lead Plaintiffs, through Lead Counsel, with the substantial assistance of an outside damages expert. None of the Settling Defendants nor any other of the Released Persons have any role in, or responsibility for, or liability whatsoever for the Plan of Allocation.

To learn about the Plan of Allocation in more detail, please access the link below:

Plan of Allocation

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