|  | | 2008 News and Press Releases | | |
SETTLEMENT NEWS:
The Law Firms of Schiffrin Barroway Topaz & Kessler, LLP and Murray, Frank & Sailer LLP Disseminate Notice of Pendency of Class Action and Proposed Settlement With Zix Corporation.
Staff Writer
Business Wire. April 7, 2008
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EXCERPT: YOU ARE HEREBY NOTIFIED that the above-captioned action has been certified as a class action for certain purposes and that a settlement for Five Million Six Hundred Thousand Dollars ($5,600,000) has been proposed. A hearing will be held before the Honorable Ed Kinkeade in the United States District Court for the Northern District of Texas, Dallas Division, United States Courthouse, 1100 Commerce Street, Dallas, Texas 75242, at 10:00 a.m., on June 16, 2008 to determine whether: (1) the proposed settlement should be approved by the Court as fair, reasonable and adequate; (2) Co-Lead Counsel’s application for an award of attorneys’ fees and reimbursement of expenses should be approved; (3) the application of the Lead Plaintiffs for their reasonable costs and expenses (including lost wages) relating to their representation of the Class should be approved; and (4) the claims against Defendants should be dismissed with prejudice. |
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