Symantec Securities Litigation

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Symantec Securities Litigation
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Original Class Notice
Original Class Notice
Supplemental Class Notice
Supplemental Class Notice
Lists of Class Opt-Outs
Lists of Class Opt-Outs
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The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency of Class Action (the "Original Class Notice”) and the Supplemental Notice of Pendency of Class Action (“Supplemental Class Notice”), which you can access on the menu at left.  Since this website is just a summary, you should review the notices for additional details.

The purpose of this website is to inform potential Class Members: (1) of a class action lawsuit that is now pending in the United States District Court for the Northern District of California (the “Court”) under the caption SEB Investment Management AB v. Symantec Corp., et al., Case No. C 18-02902-WHA (the “Action”) against Symantec Corporation (now known as NortonLifeLock Inc.) (“Symantec”) and its former Chief Executive Officer Gregory S. Clark (collectively, “Defendants”); and (2) that the Action has been certified by the Court to proceed as a class action on behalf of the Class, as defined below. There is no settlement and you are not being asked to submit a claim.

The Court-certified Class consists of: all persons and entities who purchased or otherwise acquired publicly-traded Symantec common stock during the period from May 11, 2017, to August 2, 2018, inclusive (the “Class Period”), and who were damaged thereby (the “Class”).  The Class includes all persons or entities who purchased Symantec common stock contemporaneously with sales of Symantec common stock made or caused by Defendant Clark during the Class Period. Excluded from the Class are Defendants and certain of their affiliates (as set forth in Section 3 of the Original Class Notice).  Also excluded from the Class are all persons who requested exclusion at set forth in the Lists of Opt-Outs.

If you are a member of the Class, your legal rights will be affected whether you act or do not act.  Please read the Original Class Notice and Supplemental Class Notice to fully understand your rights and options.

On April 20, 2021, the Court entered an Order that required Class Counsel Bernstein Litowitz Berger & Grossmann LLP and Lead Plaintiff SEB Investment Management AB to provide a Supplemental Class Notice to the Class in order to (a) inform Class Members of the circumstances described in the Order of the Court dated April 20, 2021, including that Class Counsel hired Hans Ek, the former Deputy Chief Executive Officer of Lead Plaintiff SEB Investment Management AB; and (b) provide Class Members with a second opportunity to request exclusion from the Class. 

Please Note: This Action is currently ongoing. No court has made a ruling on the merits of the allegations asserted against Defendants in the Action or on Defendants’ denials and defenses.  There is no judgment, settlement, or monetary recovery at this time, and there this no guarantee there will be any recovery. Defendants deny Class Representative’s claims. Defendants contend that they did not do anything wrong and that they are not liable for any harm alleged by Class Representative on behalf of the Class.

 

 
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