Common use of The Class Action Clause in Contracts

The Class Action. On or after September 7, 2007, a class action, G▇▇▇▇▇ v. ▇▇▇▇▇ Online, Inc., et al., Civ. No. 07-CV-00785-WO-PTS (the “Action”), was filed in this Court on October 18, 2007 as a class action alleging on behalf of purchasers of Smart Online securities during a defined period of time violations of the federal securities laws. The suit seeks relief on behalf of a class consisting of all persons who purchased or otherwise acquired the publicly traded securities of Smart Online, Inc. (“Smart Online” or the “Company”) during the Class Period and who were damaged thereby. The class action seeks remedies under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. §78j, and Securities & Exchange Commission Rule 10b-5, 17 C.F.R. §240.10b-5, thereunder arising out of the Defendants’ alleged misconduct. By Order dated June 24, 2008, the Court appointed M▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ as Lead Plaintiff and approved her selection of K▇▇▇ S▇▇▇▇ & F▇▇▇ LLC2 and B▇▇▇▇▇ Piven, a Professional Corporation as Lead Counsel for the Class and S. Ranchor H▇▇▇▇▇, III as Liaison Counsel for the Class.

The Class Action. On or after September 7, 2007, a class action, G▇▇▇▇▇▇ v. ▇▇▇▇▇ Smart Online, Inc., et al., Civ. No. 07-CV-00785-WO-PTS (the “Action”), was filed in this Court on October 18, 2007 as a class action alleging on behalf of purchasers of Smart Online securities during a defined period of time violations of the federal securities laws. The suit seeks relief on behalf of a class consisting of all persons who purchased or otherwise acquired the publicly traded securities of Smart Online, Inc. (“Smart Online” or the “Company”) during the Class Period and who were damaged thereby. The class action seeks remedies under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. §78j, and Securities & Exchange Commission Rule 10b-5, 17 C.F.R. §240.10b-5, thereunder arising out of the Defendants’ alleged misconduct. By Order dated June 24, 2008, the Court appointed M▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ as Lead Plaintiff and approved her selection of K▇▇▇▇ S▇▇▇▇▇ & F▇▇▇▇ LLC2 and B▇▇▇▇▇▇ Piven, a Professional Corporation as Lead Counsel for the Class and S. Ranchor H▇▇▇▇▇▇, III as Liaison Counsel for the Class.