In re Celestica Securities Litigation

Case # 07-cv-00312
Case Name In re Celestica Securities Litigation
Jurisdiction US District Court for S.D. NY
Summary

Plaintiffs allege that "Defendants disseminated materially false and misleading statements concerning Celestica’s earnings, profitability, and financial outlook, thereby inflating Celestica’s share price by over 50 percent." (see Consolidated Class Action Complaint, pg 1)

Final Approval Date 07/28/2015
Result
  1. Final Approval granted.
  2. The Brown objection was found to be without merit and overruled.
  3. At the Fairness Hearing, the Court noted that "I can really characterize [the Brown Objections] as general boilerplate objections without anything real specific with regard to why this particular settlement is somehow unfair to the class and the class members." (see Fairness Hearing Transcript at 24:9-12, emphasis added)
Dismissal of Last Appeal N/A
Attachments Docket Report.pdf
Consolidated Class Action Complaint.pdf
Preliminary Approval Order.pdf
Fairness Hearing Transcript.pdf
Final Order and Judgment.pdf
Added to Index
Last Updated

Objection of Jeff M. Brown

Objectors Jeff M. Brown
Signers Jeff M. Brown
Attorneys
Summary
  1. Claims process lacks sufficient oversight.
  2. There is no definite timeline for the claims administration process.
  3. A portion of the attorneys' fees should be withheld to provide adequate oversight.
  4. Attorneys' fees do not reflect actual recovery by the class.
  5. Attorneys' fees are excessive.
  6. Cy pres provisions should be included in the settlement.
  7. Fee request lacks sufficient documentation.
Attachments Objection of Jeff M. Brown.pdf
Added to Index
Last Updated