Overview Of The Settlement

In Re Pacific Biosciences of California, Inc. Securities Litigation, Case No. CIV-509210

If you purchased Pacific Biosciences of California, Inc. ("Pacific Biosciences,” “PACB” or the “Company") common stock on or about October 27, 2010 through and including September 20, 2011 (the “Class Period”), including if you purchased the company’s stock pursuant and/or traceable to the company’s registration statement and prospectus filed with the SEC in connection with the company’s October 27, 2010 initial public offering (the "Class"), your rights may be affected by the settlement of this class action.

This Action is a securities fraud class action brought on behalf of those Persons who purchased the common stock of PACB during the Class Period (“Class Members”), against PACB, ten of its current and/or former key executives and directors, and four Underwriters (collectively, “Defendants”) for allegedly misstating and omitting material facts from the Registration Statement and Prospectus filed with the SEC in connection with the October 27, 2010 initial public offering (“IPO”). Plaintiffs allege that these purportedly false and misleading statements inflated the price of the Company’s stock, resulting in damage to Class Members when the truth was revealed. Defendants deny all of Plaintiffs’ allegations.

The Settlement created a cash settlement fund of at least $7,686,494.82 (the “Settlement Fund”). The Settlement Fund, plus accrued interest and minus the costs of the Notice and all costs associated with the administration of the Settlement Fund, as well as attorneys’ fees and expenses, and the reimbursement of Plaintiffs’ cost and expenses, as approved by the Court, will be distributed to Class Members pursuant to the Plan of Allocation that is described on this website.

What Are My Options?

Please consult the Notice for more details on your options.

The Settlement Fairness Hearing

The Court held a Settlement Fairness Hearing on October 25, 2013 at 9:00 a.m., before the Honorable Marie S. Weiner at the Superior Court of California, County of San Mateo, Department 2, Court Room 7A, 400 County Center, Redwood City, CA 94063. The Court approved the Settlement, the Plan of Allocation, Lead Counsel's attorneys' fees and expenses and reimbursement of Plaintiffs' costs and expenses.


Important Dates
DateDeadline
September 25, 2013
[Expired]
Exclusion Deadline
(postmarked)
September 25, 2013
[Expired]
Objection Deadline
(filed and received)
October 16, 2013
[Expired]
Claim Form Deadline
(postmarked)
October 25, 2013
at 9:00 a.m.
[Approved]
Settlement Fairness Hearing