BigBand Shareholders Seek Final OK On $11M Deal

Law360, New York (August 12, 2009, 2:03 PM EDT) -- Shareholders of BigBand Networks Inc. have asked a federal judge for final approval of an $11 million cash deal that would end a consolidated securities class action against the cable equipment provider.

Lead plaintiff Gwyn Jones filed a motion for final approval Tuesday in the U.S. District Court for the Northern District of California, saying the compromise came after “extensive arm’s length negotiations.”

The two sides first filed details of the settlement in April, when Jones moved for preliminary approval. Judge Saundra Armstrong granted that motion...
To view the full article, register now.