On November 29, 2017, Judge Michael M. Anello of the U.S. District Court for the Southern District of California granted Lead Plaintiffs\u2019 motion for class certification, appointed the Arkansas Public Employees Retirement System (\u201cAPERS\u201d) and Pensionskassen For B\u00f8rne-Og Ungdomsp\u00e6dagoger (\u201cPBU\u201d), as the Class Representatives, and appointed NP as Co-Class Counsel. NPR filed a motion for class certification on behalf of APERS, PBU and the class of investors on May 19, 2017 and numerous briefs in support of the motion over the next several months. On November 13, 2017, the Court held a hearing on the motion.<\/p>\n
Following the hearing, in a written order, the Court agreed with NP that the class of investors met all of the requirements for class certification under Federal Rule of Civil Procedure 23. The Court found that APERS and PBU were adequate and typical representatives of the class. And, the Court appointed NP as Co-Class Counsel after finding NPR was sufficiently qualified to adequately represent the class. As such, the Court certified the class of investors to include the following:<\/p>\n
All persons and entities who purchased or otherwise acquired the publicly traded common stock of SeaWorld Entertainment, Inc. between August 29, 2013 and August 12, 2014, who did not sell such acquired securities before August 13, 2014, and were damaged. Excluded from the class are: (i) Defendants, (ii) present or former executive officers of SeaWorld, members of SeaWorld\u2019s Board of Directors, and members of their immediate families, (iii) any of the foregoing persons\u2019 legal representatives, heirs, successors or assigns, and (iv) any entity in which Defendants have or had a controlling interest or any affiliate of SeaWorld.<\/p>\n
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