JND LEGAL ADMINISTRATION

The Settlement resolves class action litigation over whether Illumina, and certain Illumina executives, made materially false or misleading statements or omissions to investors concerning, among other things, Illumina's July 26, 2016 earnings guidance, which projected that the Company would earn revenue of between $625 million and $630 million in the third quarter of 2016 and projected approximately 12% revenue growth and non-GAAP earnings per diluted share of $3.48 to $3.58 for the fiscal year 2016... Subject to Court approval, a Settlement fund of $13,850,000 total in cash will be established pursuant to the Settlement. The Net Settlement Fund (the Settlement Fund less court-awarded attorneys' fees and expenses, Notice and Administration Expenses, any required Taxes or Tax Estimates payments, and any other fees or expenses approved by the Court) will be distributed in accordance with a proposed plan of allocation (the "Plan of Allocation") that will be approved by the Court and will..

Also known as: Illumina Securities Settlement, Illumina, Inc.

Primary location: Seattle United States