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Sohu.com Inc.
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Minutes | Filed: January 27, 2023 | Entered: January 31, 2023 In Re Changyou.com Limited Securities Litigation
Securities/Commodities | New York Southern
Telephone Conference
Minute Entry for proceedings held before Judge Gregory H. Woods: Telephone Conference held on 1/27/2023. (Court Reporter present) (wv)
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Order | Filed: January 28, 2023 In Re Changyou.com Limited Securities Litigation
Securities/Commodities | New York Southern
Order
FINAL ORDER AND JUDGMENT: NOW, THEREFORE, after due deliberation, IT IS ORDERED, ADJUDGED AND DECREED that: This Judgment incorporates and makes a part hereof: (i) the Stipulation filed with the Court on March 29, 2022; and (ii) the notices, which were filed with the Court on December 22, 2022. Capitalized terms not defined in this Judgment shall have the meaning set forth in the Stipulation. The Court hereby affirms its determinations in the Preliminary Approval Order and finally certifies , for purposes of the Settlement only, pursuant to Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, the Settlement Class of: (a) all holders of Changyou.com Limited ADSs on April 23, 2020 and (b) all persons and entities that sold ( including by tendering) Changyou ADSs during the period from February 19, 2020 through April 23, 2020, inclusive (the "Class Period"), who were allegedly harmed by Defendants' conduct. Excluded from the Settlement Class are: (i) Defe ndants; (ii) any officers or directors of Defendants during the Class Period (the "Excluded D&Os"); (iii) members of the immediate families of the Individual Defendants and of the Excluded D&Os; (iv) the subsidiaries and affiliates of th e Company and any entity in which Defendants or the Excluded D&Os have or had a controlling interest; and (v) the legal representatives, heirs, successors, or assigns of any excluded person or entity, in their capacities as such. No one has sought to be excluded from the Settlement Class. Accordingly, the Settlement is hereby approved in all respects and shall be consummated in accordance with the terms and provisions of the Stipulation. The Second Amended Complaint for Violations of the Fed eral Securities Laws (the Complaint), filed on October 8, 2021, is dismissed in its entirety, with prejudice, and without costs to any Party, except as otherwise provided in the Stipulation. The Clerk of Court is directed to terminate all motions and close this case without delay. Motions terminated: 59 MOTION to Approve Class Action Settlement and Plan of Allocation . filed by ODS Capital LLC. (Signed by Judge Gregory H. Woods on 1/28/2023) (rro)
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Order | Filed: January 28, 2023 In Re Changyou.com Limited Securities Litigation
Securities/Commodities | New York Southern
Order
ORDER AWARDING ATTORNEYS' FEES AND EXPENSES granting 61 Motion for Attorney Fees. ThisOrder incorporates by reference the definitions in the Stipulation andAgreement of Settlement, dated as of March 28, 2022 (the "Stipulation"), an d all capitalized terms not otherwise defined herein shall have the same meanings as set forth in the Stipulation. Lead Counsel is hereby awarded attorneys fees in the amount of $322,500, plus interest at the same rate earned by the Settlement Fund (i.e., 30% of the Settlement Fund) and $ 41,785.97 in payment of Litigation Expenses, plus accrued interest, which sums the Court finds t o be fair and reasonable. In making this award of attorneys fees and expenses to be paid from the Settlement Fund, the Court has considered and found that: The Settlement has created a fund of $1,075,000 in cash that has been paid into escrow pursuant to the terms of the Stipulation, and that numerous Settlement Class M embers who submit va lid Claim Forms will benefit from the Settlement that occurred because of the efforts of counsel; 6,934 copies of the Postcard Notice were mailed or emailed to potential Settlement Class Members and nominees stating that Lead Counsel would apply for attorneys fees in an amount not to exceed 30% of the Settlement Fund and Litigation Expenses in an a mount not to exceed $60,000; Lead Plaintiff ODS Capital LLC is hereby awarded $15,000 from the Settlement Fund in connection with the time it dedicated to the Action directly related to its representation of the Settlement Class, pursuant to §21D(a)(4) of the PSLRA, 15 U.S.C. §78u-4(a)(4) and further set forth in this Order. (Signed by Judge Gregory H. Woods on 1/28/2023) (rro)
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