If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund. YOU ARE ALSO NOTIFIED that Plaintiffs in the Action have reached a proposed settlement of the Action for $1,375,000 in cash (the “Settlement”), that, if approved, will resolve all claims asserted or that could have been asserted in the Action.Ī hearing will be held on Decemat 9:00 a.m., before the Honorable Beth Labson Freeman at the United States District Court for the Northern District of California, United States Courthouse, Courtroom 3, 5th Floor, 280 South 1st Street, San Jose, California, 95113, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation and Agreement of Settlement dated (and in the Notice) should be granted (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable and (iv) whether Lead Counsel’s application for an award of attorneys’ fees and reimbursement of expenses should be approved.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Northern District of California, that the above-captioned litigation (the “Action”) has been certified as a class action on behalf of the Settlement Class, except for certain persons and entities who are excluded from the Settlement Class by definition as set forth in the full Notice of (I) Pendency of Class Action, Certification of Settlement Class, and Proposed Settlement (II) Settlement Fairness Hearing and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”).
YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
(“Dropbox”) common stock pursuant and/or traceable to the Registration Statement and Prospectus (the “Registration Statement”) issued in connection with Dropbox’s Mainitial public offering: SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION, CERTIFICATION OF SETTLEMENT CLASS, AND PROPOSED SETTLEMENT (II) SETTLEMENT FAIRNESS HEARING AND (III) MOTION FOR AN AWARD OF ATTORNEYS’ FEES AND REIMBURSEMENT OF LITIGATION EXPENSES TO:Īll persons and entities who purchased or otherwise acquired Dropbox, Inc. 15, 2021 (GLOBE NEWSWIRE) - Levi & Korsinsky, LLP announces that the United States District Court for the Northern District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of Dropbox, Inc.
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