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 “Notice”) and the Supplemental Notice
of Pendency of Class Action (“Supplemental Notice”), which you can access on the menu at left. Since this website is just a summary, you should review the Notice 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 Notice). Also excluded from the Class are all persons
who requested exclusion by August 25, 2020 at set forth in the List of Previous 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 Notice and Supplemental 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 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. See below and Section 4 of the Supplemental
Notice for information on how 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.
| CLASS MEMBERS’ RIGHTS AND OPTIONS |
| DO NOTHING AND REMAIN IN THE CLASS | If you are a Class Member and choose to remain a member of the Class, you are not required to do anything at this time, other than retain your documentation reflecting your transactions in Symantec common stock during the Class Period as discussed in section 3 of the Supplemental Notice. If you are a Class Member and remain a member of the Class, you will be bound by all past, present, and future orders and judgments in the Action, whether favorable or unfavorable. If any money is awarded to the Class, either through a settlement with Defendants or a judgment of the Court after a trial, you may be eligible to receive a share of that award. If you are a Class Member and remain a member of the Class, you may not pursue a lawsuit on your own behalf with regard to any of the issues in this Action. It is within the Court’s discretion whether to allow a second opportunity to request exclusion from the Class if the Action is resolved by a settlement. Note: If you previously requested exclusion from
the Class in response to the Notice, which was mailed to potential Class
Members in the summer of 2020, you are excluded from the Class. To confirm whether you previously submitted a
request for exclusion, please refer to the List of Previous Opt-Outs, which is a list of all persons and entities for whom a request for exclusion was
received by August 25, 2020. Additional information regarding your rights and options as a Class Member is included in the Notice and Supplemental Notice. |
| Exclude Yourself from the Class By Submitting a Request for Exclusion Postmarked No Later Than July 2, 2021 | If you are a Class Member and choose to be excluded from the Class, you must request exclusion in accordance with the procedures set forth in section 4 of the Supplemental Notice. If you exclude yourself from the Class, you will NOT be entitled to share in any recovery from any settlement or judgment that may be paid to members of the Class as a result of a trial or other resolution of this lawsuit; (2) you will NOT be bound by any judgment or release entered in this lawsuit; and (3) at your own expense, you MAY pursue any claims that you have by filing your own lawsuit or taking other action. PLEASE NOTE: If you previously requested exclusion from the Class in response to the Original Class Notice (The Notice mailed to potential Class Members in the Summer of 2020), you do NOT need to re-submit your request. A list of the persons and entities who previously requested exclusion from the Class is available here: List of Previous Opt-Outs. Further information regarding the requirements for submitting a valid request for exclusion from the Class is included in the Supplemental Notice. Do not request exclusion if you wish to participate in the Action as a Class Member.
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