'Candy Crush' Maker Gets OK For $18.5M Securities Deal
Law360, San Francisco (May 31, 2017, 10:53 PM EDT) -- A San Francisco judge granted final approval Wednesday to Candy Crush creator King Digital's $18.5 million settlement ending a securities class action over its 2014 initial public offering, a deal class counsel called one of the largest-ever in California state court.
California Superior Court Judge Curtis Karnow said he would grant final approval for the deal, which reserves 29.5 percent of the settlement pot for attorneys' fees, awards the four named class representatives $2,500 each and names Bay Area Legal Aid as the cy pres recipient of uncashed claims. According to court filings, 72,000 copies of the notice were sent out...
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