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Lu v. Align Technology, Inc., 18-CV-06720-LHK (2019)

Court: District Court, N.D. California Number: infdco20190325879 Visitors: 24
Filed: Mar. 22, 2019
Latest Update: Mar. 22, 2019
Summary: ORDER GRANTING MOTION FOR CONSOLIDATION AND APPOINTING LEAD PLAINTIFF AND LEAD COUNSEL Re: Dkt. Nos. 12, 24, 28, 37, 45 LUCY H. KOH , District Judge . The Court agrees with the parties that Lu v. Align Technology, Inc., No. 18-CV-06720, and Infuso v. Align Technology, 18-cv-07469-LHK, involve common questions of law and fact within the meaning of Federal Rule of Civil Procedure 42(a). As a result, pursuant to Rule 42(a)(2), the Court hereby CONSOLIDATES Lu and Infuso. The Court wil
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ORDER GRANTING MOTION FOR CONSOLIDATION AND APPOINTING LEAD PLAINTIFF AND LEAD COUNSEL

Re: Dkt. Nos. 12, 24, 28, 37, 45

The Court agrees with the parties that Lu v. Align Technology, Inc., No. 18-CV-06720, and Infuso v. Align Technology, 18-cv-07469-LHK, involve common questions of law and fact within the meaning of Federal Rule of Civil Procedure 42(a). As a result, pursuant to Rule 42(a)(2), the Court hereby CONSOLIDATES Lu and Infuso. The Court will determine whether to consolidate future-filed actions on a case-by-case basis.

In total, eight motions for appointment of lead plaintiff were filed. Specifically, the following Plaintiffs filed motions: Construction Laborers Pension Trust for Southern California ("Construction Laborers"), ECF No. 12; Align Investor Group, ECF No. 19; Lauren Windhorst ("Windhorst"), ECF No. 24; Teamsters Local 710 Pension Fund ("Local 710"), ECF No. 27; Ramarao Jupalli ("Jupalli"), ECF No. 28; Remy Vallee ("Vallee"), ECF No. 37; SEB Investment Management AB ("SEB"), ECF No. 45; and Mark and Christy Koening ("the Koenings"), ECF No. 52.

Three Plaintiffs then withdrew their motions for appointment of lead plaintiff. Specifically, the following Plaintiffs withdrew their motions: the Koenings, ECF No. 61; Align Investor Group, ECF No. 63; and Teamsters Local 710, ECF No. 71.

Four Plaintiffs filed notices of non-opposition to SEB's motion for appointment of lead plaintiff. Specifically, the following Plaintiffs filed notices of non-opposition: Construction Laborers, ECF No. 58; Jupalli, ECF No. 62; Windhorst, ECF No. 64; and Vallee, ECF No. 65. Therefore, no Plaintiff opposes SEB's motion for appointment of lead plaintiff.

Having reviewed SEB's motion for appointment of lead plaintiff, the Court hereby APPOINTS SEB as Lead Plaintiff in the above-captioned case. The Court finds that SEB satisfies the requirements for lead plaintiff pursuant to 15 U.S.C. § 78u-4(a)(3)(B)(iii).

SEB proposes Kessler Topaz Meltzer & Check LLP ("Kessler Topaz") as lead counsel for the putative class. See ECF No. 45 at 8; 15 U.S.C. § 78u-4(a)(3)(B)(v). Having reviewed Kessler Topaz's submissions and having considered the factors enumerated in Rule 23(g)(1)(A) of the Federal Rules of Civil Procedure, the Court hereby APPOINTS Kessler Topaz as Lead Plaintiffs' Counsel in the consolidated action. See In re Cohen v. U.S., 586 F.3d 703, 712 (9th Cir. 2009) (holding that "if the lead plaintiff has made a reasonable choice of counsel, the district court should generally defer to that choice"). Kessler Topaz has (1) performed considerable work in identifying potential claims in this action; (2) demonstrated experience handling class actions, including securities class actions; (3) shown adequate knowledge of the applicable law; and (4) established a willingness to commit significant resources to representing the class. See Fed. R. Civ. P. 23(g)(1)(A).

To ensure efficiency, the Court adopts the following protocols. Other than Kessler Topaz, no other law firms shall work on this consolidated action for the putative class without prior approval of the Court. Motions for approval of additional Plaintiffs' counsel shall identify the additional Plaintiffs' counsel and their background, the specific proposed tasks, and why Kessler Topaz cannot perform these tasks.

The Court further orders that any billers who will seek fees in this case, including staff, consultants, and experts, shall maintain contemporaneous billing records of all time spent litigating this case. By "contemporaneous," the Court means that an individual's time spent on a particular activity should be recorded no later than seven days after that activity occurred. Ms. Jennifer Joost shall review and approve attorneys' fees and costs each month and strike any duplicative or unreasonable fees and costs.

By April 1, 2019, SEB and Defendants shall file a stipulation proposing a deadline for SEB to file a consolidated amended complaint and proposing a briefing schedule on any motion to dismiss SEB's consolidated amended complaint. Within 24 hours of filing any motion to dismiss, Defendants shall contact the courtroom deputy to receive the next available hearing date for the motion.

IT IS SO ORDERED.

Source:  Leagle

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