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In re Zulily, Inc. Litigation

United States District Court, W.D. Washington, Seattle

March 6, 2018

IN RE ZULILY, INC. LITIGATION

          FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE

          RICARDO S. MARTINEZ, CHIEF UNITED STATES DISTRICT JUDGE

         This matter came before the Court for hearing on March 6, 2018, pursuant to the Order of this Court dated October 30, 2017 (the “Order”), on the application of the Federal Plaintiffs for approval of the Settlement set forth in the Stipulation and Agreement of Compromise, Settlement and Release dated October 26, 2017 (the “Stipulation”). Full and adequate notice having been given to the Class as required in the Court's Order, and the Court having considered all papers filed and otherwise being fully informed and good cause appearing therefor, NOW, THEREFORE, IT IS HEREBY ORDERED, ADJUDGED AND DECREED THAT:

         Incorporation of Settlement Documents

         1. This Final Judgment incorporates by reference the definitions in the Stipulation, and all capitalized terms used, but not defined here, shall have the same meaning as in the Stipulation.

         Jurisdiction

         2. This Court has jurisdiction over the subject matter of the Consolidated Federal Action and over all parties to the Consolidated Federal Action, as well as all members of the Class.

         Certification of the Settlement Class

         3. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, this Court hereby certifies the Consolidated Federal Action as a mandatory non-opt-out class action solely for purposes of the Settlement. The Class consists of all record and beneficial holders of ZU common stock (excluding Defendants and their respective affiliates) at any time during the period from and including August 16, 2015 through and including October 1, 2015 (the “Class Period”), including any and all of their respective successors in interest, predecessors, representatives, trustees, executors, administrators, heirs, assigns or transferees, immediate or remote, and any person or entity acting for or on behalf of, or claiming under any of them, and each of them.

         4. Solely for purposes of the proposed Settlement of the Consolidated Federal Action, the Court finds and concludes that the prerequisites for class action certification under Rules 23(a), 23(b)(1) and 23(b)(2) of the Federal Rules of Civil Procedure have been satisfied in that:

(a) the class is so numerous that joinder of all members is impracticable;
(b) there are questions of law or fact common to the class;
(c) the claims or defenses of the representative parties are typical of the claims or defenses of the class;
(d) the representative parties will fairly and adequately protect the interests of the class;
(e) inconsistent or varying adjudications with respect to individual class members would establish incompatible standards of conduct ...

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