Notice of Proposed Settlement of Broadcom Corporation Stockholder Litigation

SANTA ANA, Calif., Dec. 19, 2016 /PRNewswire/ -- The following statement is being issued by Cohen Milstein Sellers & Toll PLLC regarding the Broadcom Corporation Stockholder Litigation:

UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
SOUTHERN DIVISION

TO:     ALL RECORD AND BENEFICIAL OWNERS OF BROADCOM CLASS A COMMON STOCK WHO OWNED OR HELD BROADCOM CLASS A COMMON STOCK FROM MAY 27, 2015 THROUGH AND INCLUDING FEBRUARY 1, 2016 (THE "CLASS PERIOD"), INCLUDING ANY AND ALL OF THEIR RESPECTIVE SUCCESSORS IN INTEREST, PREDECESSORS, REPRESENTATIVES, TRUSTEES, EXECUTORS, ADMINISTRATORS, HEIRS, ASSIGNS, OR TRANSFEREES, IMMEDIATE AND REMOTE, AND ANY PERSON OR ENTITY ACTING FOR OR ON BEHALF OF, OR CLAIMING UNDER, ANY OF THEM, AND EACH OF THEM (THE "CLASS," TO BE COMPOSED OF "CLASS MEMBERS").  EXCLUDED FROM THE CLASS ARE DEFENDANTS, MEMBERS OF THE IMMEDIATE FAMILY OF ANY DEFENDANT, ANY ENTITY IN WHICH A DEFENDANT HAS OR HAD A CONTROLLING INTEREST, AND THE LEGAL REPRESENTATIVES, HEIRS, SUCCESSORS, OR ASSIGNS OF ANY SUCH EXCLUDED PERSON.   

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an order of the Court, that the above-captioned litigation (the "Litigation") has been certified as a non-opt out class action on behalf of the Class as set forth in the full Notice of Pendency of Class Action, Proposed Settlement, Settlement Hearing and Right to Appear (the "Notice").  A copy of the Notice can be obtained at www.BroadcomStockholderLitigation.com.

YOU ARE ALSO HEREBY NOTIFIED that Plaintiffs in the Litigation have reached a proposed settlement of the Litigation (the "Settlement") that provides for a series of representations that will be made by Broadcom Limited and filed with the SEC.  Lead Counsel intends to request that the Court award attorneys' fees and reimbursement of expenses that will be paid by Defendants in connection with the Litigation.

A settlement hearing will be held before the Honorable James V. Selna of the United States District Court for the Central District of California (the "Court") at the Ronald Reagan Federal Building and US Courthouse, 411 West Fourth Street, Courtroom 10C, Santa Ana, California 92701 on February 27, 2017 at 1:30 p.m. (Pacific Time Zone) to, among other things: (i) determine whether the Settlement should be finally approved by the Court as fair, reasonable and adequate, and in the best interests of Plaintiffs and the Class; (ii) determine whether an Order and Final Judgment should be entered pursuant to the Stipulation dismissing the Litigation with prejudice as against Plaintiffs to the Litigation and the Class and effectuating the releases described in the Notice; (iii) consider any request by Lead Counsel for an award of Fees and Expenses; (iv) hear and determine any objections to the Settlement or to any request of Lead Counsel for an award of Fees and Expenses; and (v) rule on such other matters as the Court may deem appropriate.

IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT

CLASS ACTION DETERMINATION

You may obtain a copy of the Notice at www.BroadcomStockholderLitigation.com, or by contacting the Settlement Notice Administrator:

Broadcom Corporation Stockholder Litigation Notice Administrator
c/o KCC Class Action Services
P.O. Box 43434
Providence, RI  02940-3434
[email protected]

Any objections to the proposed Settlement, and/or Lead Counsel's application for an award of attorneys' fees and reimbursement of litigation expenses, must be filed with the Court and delivered to Lead Counsel and the Defendants' Counsel such that they are received no later than February 6, 2017, in accordance with the instructions set forth in the Notice. 

PLEASE DO NOT CALL OR WRITE TO THE COURT REGARDING THIS NOTICE.  Inquiries, other than requests for the Notice, may be made to the following Lead Counsel:

SOURCE Cohen Milstein Sellers & Toll PLLC