According to the Complaint, Symantec Corporation ("Symantec" or the "Company") provides cybersecurity solutions worldwide.

On May 17, 2018, Plaintiff's law firm filed a press release announcing the lawsuit. The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Symantec’s internal controls over financial reporting were materially weak and deficient; (2) Symantec’s later disclosed “reporting of certain Non-GAAP measures including those that could impact executive compensation programs” would lead to heightened regulatory scrutiny by the Securities and Exchange Commission; and (3) as a result, Symantec’s public statements were materially false and misleading at all relevant times.

On August 23, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff. The case docketed under 18-CV-03152 was consolidated into the lead case 18-CV-02902 and all future docketing was ordered to be done in the lead case.

On October 4, 2018, the Court issued an Order approving Lead Plaintiff's selection of Counsel. Lead Plaintiff filed a consolidated Complaint on November 15. Defendants filed Motions to Dismiss the consolidated Complaint on December 26. On June 14, 2019, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiffs were given leave to amend the Complaint. On October 11, Lead Plaintiff filed an amended consolidated Complaint.

Lead Plaintiff filed a Motion for Class Certification on January 17, 2020. On May 8, the Court issued an Order granting Class Certification.

The parties entered into a Stipulation and Agreement of Settlement on June 8, 2021. The Court granted preliminary approval of the Settlement on September 16. On February 10, 2022, the Court granted final approval of the Settlement and approved an award of attorneys' fees and expenses.

On September 28, 2022, the Court issued an Order approving the Settlement's Distribution Plan.