According to the Order and Final Judgment entered on September 19, 2002, the Court certifies the action as a class action and approves the Settlement as fair, reasonable, and adequate. Plaintiffs' Counsel are awarded $200,000.00 in fees, which the Court finds to be fair and reasonable, and $55,601.28 in reimbursement of expenses, which amounts shall be paid to plaintiffs' lead counsel from the Settlement Fund with interest from the date such Settlement Fund. The case is closed. By the Notice of Proposed Settlement, the settlement fund was in the amount of $800,000.
The original complaint charges Think and certain of its officers and directors with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants made a series of materially false and misleading statements about the Company's financial and operating condition by misstating the Company's revenues and earnings by improperly utilizing the percentage of completion method of accounting in violation of Generally Accepted Accounting Principles. As a result, the price of Think's common stock was artificially inflated throughout the Class Period.