In re Nano-X Securities Litigation
| New York Eastern District Court | |
| Judge: | Rachel P Kovner |
| Referred: | Peggy Kuo |
| Case #: | 1:21-cv-05517 |
| Nature of Suit | 850 Other Statutes - Securities/Commodities/Exchange |
| Cause | 15:78m(a) Securities Exchange Act |
| Case Filed: | Oct 05, 2021 |
| Terminated: | May 10, 2024 |
| Last checked: Sunday Apr 03, 2022 5:15 AM EDT |
|
Defendant
Nano-X Imaging Ltd.
|
Represented By
|
|
Defendant
Ran Poliakine
|
Represented By
|
|
Defendant
Tal Shank
|
Represented By
|
|
Movant
Davian Holdings Limited
|
Represented By
|
|
Movant
James W. Isenberg
|
Represented By
|
|
Movant
Viswanatha K. Reddy
|
Represented By
|
|
Plaintiff
Daniel P. McLaughlin
|
Represented By
|
| Docket last updated: 8 hours ago |
| Friday, May 10, 2024 | ||
| 93 | 93
order
Judgment - Clerk
Fri 05/10 10:42 AM
CLERK'S JUDGMENT: that the motions for final approval and attorneys' fees are granted for the reasons stated in the R. & R.; that: (i) the class is certified for the purposes of the settlement; (ii) individuals Zejun Xiao, Zhenmei Liu, Michelle Xiao, Neven Borak, and Milisav Borak are excluded from the settlement class; (iii) the proposed $8 million class-wide settlement is approved as fair, reasonable, and adequate, (iv) plaintiffs' attorneys are awarded attorneys' fees in the amount of $2,666,666.67 and expenses in the amount of $91,076.19, plus accrued interest; (v) co-lead plaintiffs are each awarded $3,000 for their service as representatives of the settlement class; and (vi) the case is dismissed with prejudice. Signed by Deputy Clerk, Jalitza Poveda, on behalf of Clerk of Court, Brenna B. Mahoney, on 5/10/2024. (JP) |
|
| Tuesday, May 07, 2024 | ||
|
order
Order Adopting Report and Recommendations Order on Motion for Settlement Order on Motion for Attorney Fees Order on Report and Recommendations
Tue 05/07 12:24 PM
ORDER ADOPTING REPORT AND RECOMMENDATION: On 4/17/2024, Magistrate Judge Kuo issued a 90 report and recommendation ("R. & R.") recommending that the Court grant the 77 motion for final approval of class action settlement and plan of allocation and the 78 motion for attorneys' fees. Objections to the R. & R. were due by 5/1/2024 at the latest, and none were filed. The R. & R. is therefore reviewed, at most, for clear error. Having found no clear error in the R. & R., I adopt Judge Kuo's recommendations in full, and the motions for final approval and attorneys' fees are granted for the reasons stated in the R. & R. Specifically, (i) the class is certified for the purposes of the settlement; (ii) individuals Zejun Xiao, Zhenmei Liu, Michelle Xiao, Neven Borak, and Milisav Borak are excluded from the settlement class; (iii) the proposed $8 million class-wide settlement is approved as fair, reasonable, and adequate, (iv) plaintiffs' attorneys are awarded attorneys' fees in the amount of $2,666,666.67 and expenses in the amount of $91,076.19, plus accrued interest; (v) co-lead plaintiffs are each awarded $3,000 for their service as representatives of the settlement class; and (vi) the case is dismissed with prejudice. The Clerk of Court is respectfully directed to enter judgment and close the case. Ordered by Judge Rachel P. Kovner on 5/7/2024. (XW) |
||