On August 23, 2016, the United States District Court for the Northern District of California issued an order preliminarily approving a proposed settlement by and among Violin Systems, the plaintiffs, and all named individuals in the shareholder derivative action entitled Troy Lowry v. Basile, et. al., No. 13-cv-05768.
A hearing to determine whether the court should issue an order of final approval of the settlement has been scheduled for October 25, 2016, at 2:00 p.m., before the Honorable Yvonne Gonzalez Rogers, at the United States District Court for the Northern District of California, Oakland Courthouse, Courtroom 1 – 4th Floor, 1301 Clay Street, Oakland, California 94612. Pursuant to the Court’s order, any objections to the settlement must be filed in writing with the court by no later than October 4, 2016.
Additional information concerning the terms of the settlement, the October 25, 2016 hearing, and the requirements for objections can be found in the following documents: