IN RE TEXTRON, INC. SECURITIES LITIGATION, No. 1:2019cv07881 - Document 91 (S.D.N.Y. 2022)

Court Description: FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE NOW, IT IS THEREFORE ORDERED, ADJUDGED, AND DECREED: This Court has jurisdiction over the subject matter of the Action, all matters relating to the Settlement, and over all Parties to the Acti on, including all Settlement Class Members. The Court hereby finds that the distribution of the Notice to all Settlement Class Members who could be identified through reasonable effort, and the publication of the Summary Notice as provided for in the Preliminarily Approval Order constituted the best notice practicable under the circumstances of the matters set forth therein, and said notice fully satisfied the requirements of Federal Rule of Civil Procedure 23, the Constitution of the Uni ted States (including the requirements of due process), the Securities Exchange Act of 1934, 15 U.S.C. §§ 78 et seq., as amended by the Private Securities Litigation Reform Act of 1995, and any other applicable law. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, the Court hereby grants final certification of the Settlement Class consisting of all persons and entities who purchased or otherwise acquired Textron common stock on the NYSE or other U.S. exchanges or in a U.S. transaction between January 31, 2018 and December 6, 2018, inclusive. The Court finds that there were no valid requests for exclusion from Settlement Class Members. Specifically, Keech, Ilowiecki, and Scippa did not file valid exclusion requests . The Court finds and concludes that a fee award of $1,000,000.00 is reasonable and awards such attorneys' fees, plus reimbursement of Litigation Expenses totaling $82,790.80. This amount is to be paid from the Settlement Fund pursu ant to the terms of the Stipulation. The Court hereby dismisses with prejudice this Action in its entirety and all Released Claims against each and all Released Persons without costs as to any of the Settling Parties as against the others. (And as further set forth herein.) IT IS SO ORDERED. (Signed by Judge Denise L. Cote on 11/21/2022) (jca) Transmission to Finance Unit (Cashiers) for processing.