In re Celestica Inc. Securities Litigation
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Frequently Asked Questions

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General Information

1.      Why did I receive the notice package?

You or someone in your family may have purchased or acquired the common stock of Celestica Inc. (“Celestica”) on a United States stock exchange during the period between January 27, 2005 and January 30, 2007, inclusive.

The Court in charge of the case is the United States District Court for the Southern District of New York. The lawsuit is known as In re Celestica Inc. Securities Litigation, No. 07-CV-00312-GBD and is assigned to the Honorable George B. Daniels. Class representatives in the Action, New Orleans Employees’ Retirement System (“New Orleans”) and Drywall Acoustic Lathing and Insulation Local 675 Pension Fund (“DALI”) (collectively, “Class Representatives”), represent the Class. Defendants are Celestica, Stephen W. Delaney, and Anthony P. Puppi (collectively, “Defendants”).

The Court directed that the Notice be sent to Class Members because they have a right to know about the proposed Settlement of this class action lawsuit, and about all of their options, before the Court decides whether to approve the Settlement. The Court will review the Settlement at a Settlement Hearing on July 28, 2015, at the United States District Court for the Southern District of New York in the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, Courtroom 11A, New York, NY 10007 at 10:00 a.m. If the Court approves the Settlement, and after any objections and appeals are resolved, a claims administrator appointed by the Court will make the payments that the Settlement allows.

The Notice and Proof of Claim and Release explain the Action, the Settlement, Class Members’ legal rights, what benefits are available, who is eligible for them, and how to get them.

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2.      What is this lawsuit about?

This Action was commenced in January of 2007 by the filing of several securities class action complaints alleging that Defendants violated the federal securities laws. The actions were consolidated into this Action by Order dated October 11, 2007. By the same Order, the Court appointed New Orleans and DALI along with Carpenters Local 27 Benefit Trust Funds (“Carpenters Local 27”) and Millwright Regional Council of Ontario Pension Trust Fund (“Millwright”) as lead plaintiffs (collectively, “Lead Plaintiffs”) and approved Lead Plaintiffs’ selection of Labaton Sucharow & Rudoff LLP (n/k/a Labaton Sucharow LLP) as lead counsel to represent the proposed class.

On November 21, 2007, the Consolidated Amended Class Action Complaint (the “Complaint”) was filed. The Complaint was brought against Defendants Celestica, Delaney and Puppi, as well as Onex Corporation and Gerald W. Schwartz (“Former Defendants”). The Complaint alleges, among other things, that Defendants and Former Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making false and misleading statements during the Class Period regarding Celestica’s financial condition; the adequacy of Celestica’s internal financial and reporting controls; and the success and status of Celestica’s operating restructuring in its Mexico facilities. The Complaint further alleges that Class Members purchased or acquired Celestica common stock during the Class Period at artificially inflated prices and were damaged thereby.

On March 14, 2008, Defendants filed motions to dismiss the Complaint, which Lead Plaintiffs opposed on May 9, 2008. On October 14, 2010, the Court granted Defendants’ motions to dismiss in their entirety. On November 15, 2010, Lead Plaintiffs filed a notice of appeal of the Court’s dismissal order as to Defendants Celestica, Delaney, and Puppi, with the United States Court of Appeals for the Second Circuit. By order entered December 29, 2011, the Court of Appeals reversed the Court’s order granting the motions to dismiss and remanded the Action for further proceedings consistent with the order.

On June 28, 2013, Lead Plaintiffs moved for class certification of a class that included all persons and entities that purchased or acquired Celestica common stock registered and listed on the New York Stock Exchange during the period between January 27, 2005 and January 30, 2007, inclusive. Defendants opposed the motion on the basis, among others, that the proposed class would include purchasers on the Toronto Stock Exchange (“TSX”) in contravention of Morrison v. National Australia Bank Ltd., 561 U.S. 247 (2010).

On November 13, 2013, Defendants moved for summary judgment, seeking dismissal of the Complaint. Also on November 13, 2013, Lead Plaintiffs moved for partial summary judgment with respect to three elements of Lead Plaintiffs’ securities fraud claim for which Lead Plaintiffs alleged there was no genuine issue of dispute.

On February 21, 2014, the Court denied class certification as to foreign persons or entities that purchased Celestica common stock on the TSX and did not reach a ruling regarding shareholders who purchased on a domestic exchange. On March 7, 2014, Lead Plaintiffs filed a petition in the Court of Appeals pursuant to Rule 23(f) of the Federal Rules of Civil Procedure seeking leave to appeal the Court’s ruling on class certification with regard to whether the class should include persons and entities who purchased Celestica common stock on the TSX, where the common stock at issue is registered with the U.S. Securities Exchange Commission and also listed and traded on the New York Stock Exchange. On March 20, 2014, Defendants opposed that petition. On May 9, 2014, the Court of Appeals denied Lead Plaintiffs’ petition.

On April 23, 2014, Lead Plaintiffs New Orleans and DALI renewed their class certification motion to include as class members only those persons or entities that purchased or acquired Celestica common stock on a United States stock exchange. In this motion, Millwright and Carpenters, which purchased Celestica common stock only outside the United States, were removed from the class definition and from their position as proposed class representatives.

On August 20, 2014, the Court entered a Memorandum Decision and Order regarding the summary judgment and class certification motions. The Court denied Defendants’ summary judgment motion in its entirety. The Court granted Lead Plaintiffs’ partial summary judgment motion on the issue of class-wide reliance and denied the motion on the issues of materiality and loss causation. Regarding class certification, the Court granted the motion, appointed New Orleans and DALI as Class Representatives, and appointed Labaton Sucharow as Class Counsel.

Counsel for the Parties completed extensive class, fact, and expert discovery, which has included more than 28 fact depositions, five expert depositions, and the production and review of more than one million pages of documents. In addition, the Parties served five expert reports addressing the areas of damages, electronic manufacturing services, accounting practices, and internal controls. Trial of the Action was scheduled by the Court to begin on April 20, 2015.

Between November 2013 and February 2015, the Parties engaged in various efforts to settle the Action, including face-to-face meetings and numerous other communications among counsel. The Parties engaged former federal district court Judge Layn R. Phillips (“Judge Phillips”), a highly experienced mediator, to assist them in exploring a potential negotiated resolution of the claims against Defendants. On November 3-4, 2014, counsel for Class Representatives and representatives of Defendants met with Judge Phillips in an attempt to reach a settlement. The mediation involved an extended effort to settle the claims and was preceded by the exchange of mediation statements and reply mediation statements. The November 2014 mediation session did not result in a settlement of the Action. The Parties resumed settlement discussions thereafter and continued to participate in arm’s-length mediated settlement discussions with the assistance of Judge Phillips. On February 24, 2015, the Parties’ arm’s-length negotiations, facilitated by Judge Phillips, resulted in an agreement-in-principle between Class Representatives and Defendants to settle the Action.

On May 6, 2015, the Court entered the Order Granting Preliminary Approval of Class Action Settlement, Approving Form and Manner of Notice, and Setting Date for Hearing on Final Approval of Settlement, which preliminarily approved the Settlement, authorized that the Notice be sent to potential Class Members, and scheduled the Settlement Hearing to consider whether to grant final approval to the Settlement.

Three parallel class actions were also filed in the Ontario Superior Court of Justice on behalf of persons or entities that acquired Celestica common stock either by a primary distribution in Canada or on the Toronto Stock Exchange or other secondary market in Canada between January 27, 2005 through January 30, 2007, inclusive, and held some or all of those shares at the close of trading on the Toronto Stock Exchange on January 30, 2007. These cases are entitled Trustees of the Millwright Regional Council of Ontario Pension Fund v. Celestica Inc., Court File No. 11-CV-4240069-00CP, Haucheng Xing v. Celestica Inc., et al., Court File No. 54938CP, and Nabil Berzi v. Celestica Inc., et al., Court File No. CV 08 361468-00CP. These cases are not part of the proposed Settlement.

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3.      Why is this a class action?

In a class action, one or more people called plaintiffs sue on behalf of people who have similar claims. The Court must certify the action to proceed as a class action and appoint the “class representatives.” All of the individuals and entities on whose behalf the class representatives are suing are known as “class members.” Bringing a case as a class action allows the adjudication of many similar claims of persons and entities that might be economically too small to bring individually. One court resolves the issues in the case for all class members, except for those who choose to exclude themselves from the class if exclusion is permitted (see Question 10). In this Action, the Court has certified the Class, appointed New Orleans and DALI to serve as the Class Representatives, and appointed Labaton Sucharow LLP to serve as Class Counsel.

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4.      What are the reasons for a Settlement?

The Court did not finally decide in favor of Class Representatives or Defendants. Instead, both sides agreed to a settlement.

Class Representatives and Class Counsel believe that the claims asserted in the Action have merit. Class Representatives and Class Counsel recognize, however, the expense and length of continued proceedings necessary to pursue their claims in the Action through trial and appeals, as well as the difficulties in establishing liability. Class Representatives and Class Counsel have considered the uncertain outcome and the risk of any litigation, especially in complex lawsuits like this one, as well as the difficulties and delays inherent in such litigation. For example, Defendants have raised a number of arguments and defenses (which they would raise at trial) that the alleged misstatements and omissions were not material, and that Class Representatives would not be able to establish that Defendants acted with the requisite fraudulent intent. Even assuming Class Representatives could establish liability, Defendants maintained that any potential investment loss suffered by Class Representatives and Class Members was caused by external, independent factors, and not caused by Defendants’ alleged conduct. In the absence of a settlement, the Parties would present factual and expert testimony on each of these issues, and there is considerable risk that the Court or jury would resolve these issues unfavorably against Class Representatives and the Class.

In light of the amount of the Settlement and the immediate recovery to the Class, Class Representatives and Class Counsel believe that the proposed Settlement is fair, reasonable, and adequate, and in the best interests of the Class. The Settlement, which totals $30 million in cash (less the various deductions described in the Notice), provides substantial benefits now as compared to the risk that a similar or smaller recovery would be achieved after trial and appeal, possibly years in the future, or that no recovery would be achieved at all.

Defendants have denied and continue to deny each and every one of the claims alleged by Class Representatives in the Action. Defendants expressly have denied and continue to deny any wrongdoing or that they have committed any act or omission giving rise to any liability or violation of law arising out of any of the conduct, statements, acts or omissions alleged, or that could have been alleged, in the Action. Defendants also have taken into account the burden, expense, uncertainty, distraction, and risks inherent in any litigation, and have concluded that it is desirable that the Action be fully and finally settled upon the terms and conditions set forth in the Stipulation.

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5.      How do I know if I am part of the Class? Are there exceptions to being included in the Class?

The Court has certified a Class, subject to certain exceptions identified below, of the following individuals and entities:

All Persons who purchased or acquired Celestica common stock on a United States stock exchange during the period between January 27, 2005 and January 30, 2007, inclusive, and were damaged thereby.

Excluded from the Class are: (i) the current or former Defendants; (ii) members of the immediate families of the current or former Individual Defendants; (iii) all subsidiaries and affiliates of the current or former Defendants; (iv) any person or entity who was a partner, executive officer, director, or controlling person of Celestica; (v) all entities in which any current or former Defendant has or had a controlling interest; (vi) the current or former Defendants’ directors’ and officers’ liability insurance carriers, and all affiliates or subsidiaries thereof; and (vii) the legal representatives, heirs, successors, and assigns of any such excluded party. Also excluded from the Class will be any person who timely and validly seeks exclusion from the Class in accordance with the requirements explained in Question 10.

If one of your mutual funds purchased Celestica common stock on a United States stock exchange during the Class Period, that does not make you a Class Member, although your mutual fund may be. You are eligible to be a Class Member if you individually purchased or acquired Celestica common stock during the Class Period on a United States stock exchange. Check your investment records or contact your broker to see if you have any eligible purchases or acquisitions.

If you only sold Celestica common stock during the Class Period, your sale alone does not make you a Class Member. You are eligible to be a Class Member only if you purchased or acquired Celestica common stock on a United States stock exchange during the Class Period.

If you are still not sure whether you are included after reviewing the information on this website, you can contact the Claims Administrator for free help. Or you can fill out and return the Proof of Claim and Release form (“Proof of Claim”), described in Question 8, to see if you qualify.

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6.      What does the Settlement provide?

In exchange for the Settlement and the release of the Released Claims against the Released Defendant Parties, Defendants have agreed to create a $30 million cash fund, which will earn interest, to be divided, after deduction of Court-awarded attorneys’ fees and expenses, settlement administration costs, and any applicable taxes (the “Net Settlement Fund”), among all Class Members who send in valid and timely Proofs of Claim.

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7.      How much will my payment be?

Your share of the Net Settlement Fund will depend on several things, including: (i) the total amount of Recognized Losses of other Class Members; (ii) the number of shares of Celestica common stock you purchased or acquired; (iii) how much you paid for your shares; (iv) when you bought your shares; and (v) whether or when you sold your shares, and, if so, for how much.

Your Recognized Loss will be calculated according to the formula shown in the Plan of Allocation. It is unlikely that you will get a payment for your entire Recognized Loss, given the number of potential Class Members. After all Class Members have sent in their Proofs of Claim, the payment you get will be a portion of the Net Settlement Fund based on your Recognized Loss divided by the total of everyone’s Recognized Losses. See the Plan of Allocation detailed in the Notice for more information on your Recognized Loss.

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8.      How can I get a payment?

To qualify for a payment, you must submit a completed Proof of Claim. You may get a Proof of Claim by clicking here. The Claims Administrator can also help you if you have questions about the form. Please read the instructions carefully, fill out the Proof of Claim, include all the documents the form asks for, sign it, and submit it so that it is postmarked or received no later than September 17, 2015.

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9.      What am I giving up to get a payment and by staying in the Class?

Unless you exclude yourself, you will stay in the Class, which means that upon the “Effective Date” you will release all “Released Claims” (as defined below) against the “Released Defendant Parties” (as defined below). (Please note that the Settlement does not resolve the lawsuits pending in the Ontario Superior Court of Justice entitled Trustees of the Millwright Regional Council of Ontario Pension Fund v. Celestica Inc., Court File No. 11-CV-4240069-00CP, Haucheng Xing v. Celestica Inc., et al., Court File No. 54938CP, and Nabil Berzi v. Celestica Inc., et al., Court File No. CV 08 361468-00CP, which involve class members and putative class members who acquired Celestica common stock either by a primary distribution in Canada or on the TSX or other secondary market in Canada.)

“Released Claims” means any and all claims and causes of action of every nature and description, including both known claims and Unknown Claims (defined below), whether arising under federal, state, common or foreign law, whether class or individual in nature, that Lead Plaintiffs or any other Class Member: (i) asserted in the Action; or (ii) could have asserted in the Action or any other action or in any forum that arise from both (a) the purchase or acquisition of Celestica common stock by a Class Member during the Class Period and (b) the facts, matters, allegations, transactions, events, disclosures, representations, statements, acts, or omissions or failures to act that were alleged or that could have been alleged in the Action against the Released Defendant Parties. For the avoidance of doubt, Released Claims do not include (i) claims relating to the enforcement of the Settlement and (ii) claims by class members or putative class members, including any of the Lead Plaintiffs (as defined herein), in the actions entitled Trustees of the Millwright Regional Council of Ontario Pension Fund v. Celestica Inc., et al., Court File No. 11-CV-424069-00CP, Ontario Superior Court of Justice, Haucheng Xing v. Celestica Inc., et al., Court File No. 54938CP, Ontario Superior Court of Justice, and Nabil Berzi v. Celestica Inc., et al., Court File No. CV-08-361468-00CP, Ontario Superior Court of Justice, who acquired Celestica common stock either by a primary distribution in Canada or on the Toronto Stock Exchange or other secondary market in Canada between January 27, 2005 through January 30, 2007, inclusive, and held some or all of those shares at the close of trading on the Toronto Stock Exchange on January 30, 2007.

“Released Defendant Parties” means Defendants, Defendants’ Counsel, Former Defendants, and each of their respective past or present subsidiaries, parents, affiliates, principals, successors and predecessors, assigns, officers, directors, shareholders, trustees, partners, agents, fiduciaries, contractors, employees, attorneys, auditors, insurers; the spouses, members of the immediate families, representatives, and heirs of the Individual Defendants or Schwartz, as well as any trust of which any Individual Defendant or Schwartz is the settlor or which is for the benefit of any of their immediate family members; any firm, trust, corporation, or entity in which any Defendant or Former Defendant has a controlling interest; and any of the legal representatives, heirs, successors in interest or assigns of Defendants or Former Defendants.

“Unknown Claims” means any and all Released Claims that any Class Representative or any other Class Member does not know or suspect to exist in his, her, or its favor at the time of the release of the Released Defendant Parties, and any and all Released Defendants’ Claims that any Defendant does not know or suspect to exist in his, her, or its favor at the time of the release of the Released Plaintiff Parties, which if known by him, her, or it might have affected his, her, or its decision(s) with respect to the Settlement, including the decision to object to the terms of the Settlement or to exclude himself, herself, or itself from the Class. With respect to any and all Released Claims and Released Defendants’ Claims, the Parties stipulate and agree that, upon the Effective Date, Class Representatives and Defendants shall expressly, and each other Class Member shall be deemed to have, and by operation of the Judgment or Alternative Judgment shall have, to the fullest extent permitted by law, expressly waived and relinquished any and all provisions, rights and benefits conferred by any law of any state or territory of the United States, or principle of common law, which is similar, comparable, or equivalent to Cal. Civ. Code § 1542, which provides:

A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

Class Representatives, other Class Members, or Defendants may hereafter discover facts, legal theories, or authorities in addition to or different from those which any of them now knows or believes to be true with respect to the subject matter of the Released Claims and the Released Defendants’ Claims, but Class Representatives and Defendants shall expressly, fully, finally, and forever settle and release, and each Class Member shall be deemed to have settled and released, and upon the Effective Date and by operation of the Judgment or Alternative Judgment shall have settled and released, fully, finally, and forever, any and all Released Claims and Released Defendants’ Claims as applicable, without regard to the subsequent discovery or existence of such different or additional facts, legal theories, or authorities. Class Representatives and Defendants acknowledge, and other Class Members by operation of law shall be deemed to have acknowledged, that the inclusion of “Unknown Claims” in the definition of Released Claims and Released Defendants’ Claims was separately bargained for and was a material element of the Settlement.

The “Effective Date” will occur when an Order by the Court approving the Settlement becomes Final and is not subject to appeal, as set out more fully in the Stipulation on file with the Court and available by clicking here.

If you remain a member of the Class, all of the Court’s orders about the Settlement and in the Action will apply to you and legally bind you.

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10.      How do I “opt out” (exclude myself) from the Class?

If you do not want a payment from this Settlement, but you want to keep any right you may have to sue or continue to sue Defendants and other Released Defendant Parties, on your own, about the Released Claims, then you must take steps to exclude yourself from the Class. This is called “opting out” of the Class. Please note: if you decide to exclude yourself, there is a risk that any lawsuit you may thereafter file to pursue claims alleged in the Action may be dismissed, including if such suit is not filed within the applicable time periods required for filing suit. Also, Defendants may withdraw from and terminate the Settlement if Class Members who have in excess of a certain number of shares exclude themselves from the Class.

To exclude yourself from the Class, you must send a signed letter by mail stating that you request to be “excluded from the Class in In re Celestica Inc. Securities Litigation, No. 07-CV-00312 (S.D.N.Y).” Your letter must state the date(s), price(s), and number(s) of shares of all your purchases, acquisitions, and sales of Celestica common stock you made on a United States stock exchange during the Class Period. In addition, you must include your name, address, telephone number and your signature. You must mail your exclusion request so that it is received no later than July 7, 2015, to:

In re Celestica Inc. Securities Litigation
Exclusions
c/o GCG
P.O. Box 10180
Dublin, OH 43017-3180

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11.      If I do not exclude myself, can I sue Defendants or the other Released Defendant Parties for the same thing later?

No. Unless you exclude yourself from the Class, you give up any rights to sue Defendants and the other Released Defendant Parties for any and all Released Claims. If you have a pending lawsuit speak to your lawyer in that case immediately. You must exclude yourself from this Class to continue your own lawsuit. Remember, the exclusion deadline is July 7, 2015.

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12.      If I exclude myself, can I get money from the proposed Settlement?

No. If you exclude yourself, do not send in a Proof of Claim to ask for any money.

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13.      Do I have a lawyer in this case?

The Court appointed the law firm of Labaton Sucharow LLP to represent all Class Members. These lawyers are called Class Counsel. You will not be separately charged for these lawyers. If you want to be represented by your own lawyer, you may hire one at your own expense.

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14.      How will the lawyers be paid?

Class Counsel has not received any payment for its services in pursuing the claims in the Action on behalf of the Class, nor has it been paid for its litigation expenses. At the Settlement Hearing, or at such other time as the Court may order, Class Counsel will ask the Court to award it, from the Settlement Fund, attorneys’ fees of no more than 30% of the Settlement Fund, which will include any accrued interest. Class Counsel will also apply for payment of litigation expenses (such as the cost of experts) that have been incurred in pursuing the Action. The request for litigation expenses will not exceed $2 million, plus interest on the expenses at the same rate as may be earned by the Settlement Fund. Class Counsel’s request for payment of litigation expenses may include a request for an award to Class Representatives for reimbursement of their reasonable costs and expenses directly related to their representation of the Class pursuant to the Private Securities Litigation Reform Act of 1995.

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15.      How do I tell the Court that I do not like something about the Settlement?

If you are a Class Member you can object to the Settlement or any of its terms, the proposed Plan of Allocation, and/or the Fee and Expense Application. To object, you must send a signed letter stating that you object to the proposed Settlement, the Proposed Plan of Allocation, and/or the Fee and Expense Application in “In re Celestica Inc. Securities Litigation, No. 07-CV-00312 (S.D.N.Y.).” You must include your name, address, telephone number, and your signature, identify the date(s), price(s) and number(s) of shares of all purchases, acquisitions, and sales of Celestica common stock you made on a United States stock exchange during the Class Period, and state the specific reasons why you are objecting.

Your written objection must be filed with Court and mailed or delivered to Class Counsel and Defendants' Counsel so that it is received by the Court and counsel on or before July 7, 2015:

COURT CLASS COUNSEL DEFENDANTS’ COUNSEL
Clerk of the Court
United States District Court of the
Southern District of New York
Daniel Patrick Moynihan
United States Courthouse
500 Pearl Street
New York, NY 10007
Thomas A. Dubbs, Esq.
James W. Johnson, Esq.
LABATON SUCHAROW LLP
140 Broadway
New York, NY 10005
Phillip A. Geraci, Esq.
Jeffrey A. Fuisz, Esq.
KAYE SCHOLER LLP
250 West 55th Street
New York, NY 10019

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16.      What is the difference between objecting and seeking exclusion?

Objecting is simply telling the Court that you do not like something about the Settlement, Plan of Allocation, or the Fee and Expense Application. You can object only if you are a Class Member. Excluding yourself is telling the Court that you do not want to be part of the Class. If you exclude yourself, you have no basis to object because the Settlement no longer affects you.

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17.      When and where will the Court decide whether to approve the Settlement?

The Court will hold a Settlement Hearing at 10:00 a.m. on July 28, 2015, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, Courtroom 11A, New York, NY 10007.

At this hearing, the Honorable George B. Daniels will consider whether the Settlement is fair, reasonable, and adequate. The Court also will consider the proposed Plan of Allocation for the Net Settlement Fund and the Fee and Expense Application. The Court will take into consideration any written objections filed in accordance with the instructions set out in Question 15. The Court also may listen to people who have properly indicated, within the deadline identified above, an intention to speak at the Settlement Hearing, but decisions regarding the conduct of the Settlement Hearing will be made by the Court. See Question 19 for more information about speaking at the Settlement Hearing. At or after the Settlement Hearing, the Court will decide whether to approve the Settlement, and, if the Settlement is approved, how much attorneys’ fees and expenses should be awarded. We do not know how long these decisions will take.

You should be aware that the Court may change the date and time of the Settlement Hearing without another notice being sent. If you want to come to the hearing, you should check with Class Counsel before coming to be sure that the date and/or time has not changed.

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18.      Do I have to come to the Settlement Hearing?

No. Class Counsel will answer questions the Court may have. But, you are welcome to come at your own expense. Class Members do not need to appear at the Settlement Hearing or take any other action to indicate their approval. If you submit an objection, you do not have to come to Court to talk about it. As long as you filed and sent your written objection on time, and in the manner set forth in Question 15, the Court will consider it. You may also pay your own lawyer to attend, but it is not necessary.

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19.      May I speak at the Settlement Hearing?

If you object, you may ask the Court for permission to speak at the Settlement Hearing. To do so, you must include with your objection (see Question 15) a statement stating that it is your “Notice of Intention to Appear in In re Celestica Inc. Securities Litigation, No. 07-CV-00312 (S.D.N.Y.).” Persons who intend to object to the Settlement, the Plan of Allocation, and/or Class Counsel’s Fee and Expense Application and desire to present evidence at the Settlement Hearing must also include in their written objections the identity of any witness they may call to testify and exhibits they intend to introduce into evidence at the Settlement Hearing. You cannot speak at the Settlement Hearing if you excluded yourself from the Class or if you have not provided written notice of your objection and intention to speak at the Settlement Hearing in accordance with the procedures described in Questions 15 and 19.

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20.      What happens if I do nothing at all?

If you do nothing and the Settlement is approved and you are a member of the Class, you will not be eligible to receive money from this Settlement but you will be bound by the Settlement which means that you will be precluded from starting a lawsuit, continuing with a lawsuit, or being part of any other lawsuit against Defendants and the other Released Defendant Parties about the Released Claims, ever again. To share in the Net Settlement Fund you must submit a Proof of Claim (see Question 8). To start or be a part of any other lawsuit against Defendants and the other Released Defendant Parties about the Released Claims in this case you must exclude yourself from the Class (see Question 10).

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21.      What are acceptable forms of supporting documentation for my claim?

Each section of the Claim Form must be fully documented to be considered eligible. This includes all purchase transactions, all sales transactions, and those securities remaining unsold after the end of the class period.

Any documentation provided must include the claimant's name and address or account number. Appropriate documentation to support your claim includes:

  • Trade Confirmation - Trade confirmation slips showing the trade date, quantity, price per security and net amount of the transaction are acceptable forms of documentation to support your purchases and/or sales.
  • Official monthly, quarterly or year-end broker statements - Monthly, quarterly or year-end statements provided by your broker listing your transactions are sufficient to prove purchase and sale transactions so long as the necessary information for that transaction is included, such as the trade date, quantity and price paid or received for each security, and the total amount paid or received for each transaction. These statements may also be used to support the quantity of securities held after the class period has ended. On your claim form, these will be listed as Ending Holdings.

Please Note: The Claims Administrator, Class Counsel or the Court reserve the right to request additional information or documentation.

Spreadsheets, charts, tax forms, handwritten information, and other documentation prepared by the claimant are not considered adequate supporting documentation.

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