According to the docket dated October 26, 1999, the parties reached an agreement to settle. The Stipulation of Settlement dated August 23, 1999 outlines the terms of the settlement. On October 26, 1999, Order by Judge Jeremy Fogel granted motion in support of motion for approval of plan of allocation, and granted motion in support of application for attorney fees and reimbursement of expenses. The court also issued the Final Judgment dismissing the case.

The original complaint alleges that during the Class Period, defendants engaged in a fraudulent scheme and course of business that operated as a fraud or deceit on all persons who purchased or otherwise acquired Symantec stock. As set forth hereafter, these false and misleading statements included statements about (1) Symantec's new Windows 95-related utility software products known as Norton Navigator, Norton AntiVirus and Norton Utilities; (2) Symantec's Enterprise products; (3) Symantec's sales in Europe; and (4) other aspects of Symantec's business. Furthermore, Symantec's financial statements for its first and second quarters of fiscal 1996 (ended June 30 and September 29, 1995) were false and misleading in violation of Generally Accepted Accounting Principles.