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”), which you can access by clicking here. 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.
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 to fully understand your rights and options.
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 5 of the 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. Additional information regarding your rights and options as a Class Member is included in the Notice. |
| Exclude Yourself from the Class By Submitting a Request for Exclusion Postmarked No Later Than August 25, 2020 | 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 6 of the 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. Further information regarding the requirements for submitting a valid request for exclusion from the Class is included in the Notice. Do not request exclusion if you wish to participate in the Action as a Class Member. |