WASHINGTON, Oct. 21, 2015 /PRNewswire-HISPANIC PR WIRE/ — The following statement is being issued by Cohen Milstein Sellers & Toll PLLC regarding the case Khoday, et al. v. Symantec Corp., et al.

NOTICE OF SETTLEMENT AND SETTLEMENT FAIRNESS HEARING

ALL PERSONS IN THE UNITED STATES WHO PURCHASED EXTENDED DOWNLOAD SERVICE FOR NORTON PRODUCTS OR NORTON DOWNLOAD INSURANCE BETWEEN JANUARY 24, 2005 AND MARCH 10, 2011, YOU MAY BE ELIGIBLE TO RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT AND YOUR RIGHTS WILL BE AFFECTED BY THE SETTLEMENT.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Minnesota, that a hearing will be held on January 19, 2016 at 11:00 a.m., or another day set by the Court, before the Honorable John R. Tunheim, United States District Judge for the District of Minnesota, in Courtroom 15, 300 South Fourth Street, Minneapolis, MN 55415, for the purpose of determining whether the proposed settlement of the above-captioned litigation should be approved.

Defendants have agreed to pay $60 million into a settlement fund to settle this action. The proposed settlement benefits members of the Class who make valid claims by submitting a Claim Form through this settlement website: www.DownloadInsuranceSettlement.com. Class members will receive a cash payment of $50 for each separate purchase they made of Extended Download Service for Norton products (“EDS”) or Norton Download Insurance (“NDI”) during the Class Period, subject to pro rata reduction if the total claims exceed the Net Settlement Fund.

The hearing will determine whether the settlement should be approved by the Court as fair, reasonable and adequate to the Class, and whether the claims relating to the purchase of EDS and NDI described in the Settlement Agreement should be dismissed on the merits and with prejudice as against the Defendants. You are not required to take any action at this time. You may choose to make a claim. You may file written objections to the settlement no later than December 21, 2015 and appear at the court hearing. You may choose to exclude yourself from the settlement no later than December 29, 2015, but if you do so you cannot make a claim and cannot object to the settlement. If the settlement is approved and you do not exclude yourself, you give up the right to sue for the claims the settlement resolves, and you will be bound by the terms of the settlement.

Plaintiffs’ counsel intend to make a request for an award of attorneys’ fees of up to 33 1/3% of the Settlement Fund and reimbursement of costs and expenses incurred in this litigation at a point in the future. That request may also be heard at the hearing. Plaintiffs’ counsel’s request for fees and expenses will be posted on the website noted below when it is made.

COPIES OF THE FULL NOTICE OF PROPOSED SETTLEMENT FAIRNESS HEARING (“Notice”), are available at www.DownloadInsuranceSettlement.com. The Notice contains further information regarding the proposed settlement, the benefits available to settlement Class members and their rights under the Settlement Agreement, how to make a claim, object to the settlement, or exclude yourself from the settlement.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE

DATED: October 8, 2015
The Honorable John R. Tunheim
United States District Court
District Of Minnesota