Common use of Class Certification for Settlement Purposes Clause in Contracts

Class Certification for Settlement Purposes. Pursuant to Rule 23(a) and (b)(3) of the Federal Rules of Civil Procedure, the Court certifies, solely for purposes of effectuating the proposed Settlement, a Settlement Class consisting of all Persons1 who or which purchased or otherwise acquired K12 Securities2 between October 10, 2013 and October 27, 2015, inclusive (the “Settlement Class Period”), and were damaged thereby. Excluded from the Settlement Class are K12, ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇, the Officers and directors of K12 at all relevant times, member of their Immediate Families and their legal representatives, heirs, successors, or assigns; any entity in which Defendants have or had a controlling interest; any trust of which ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and/or ▇▇▇▇▇ ▇. ▇▇▇▇ is the settlor or which is for the benefit of their Immediate Family members; and the legal representatives, agents, affiliates, heirs, successors-in- interest or assigns of any such excluded party. Also excluded from the Settlement Class are any Persons who or which exclude themselves by submitting a request for exclusion that is accepted by the Court.