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SALHUANA v. DIAMOND FOODS, INC, C 11-05386 WHA. (2012)

Court: District Court, N.D. California Number: infdco20120109530 Visitors: 6
Filed: Jan. 05, 2012
Latest Update: Jan. 05, 2012
Summary: ORDER (1) SCHEDULING HEARING ON MOTIONS TO APPOINT LEAD PLAINTIFF, (2) REQUESTING INFORMATION FROM LEAD PLAINTIFF CANDIDATES, (3) SETTING BRIEFING SCHEDULE WILLIAM ALSUP, District Judge. All motions to appoint lead plaintiff shall be heard on FEBRUARY 23, 2012, AT 2 P.M. in Courtroom 8, 19th Floor, 450 Golden Gate Avenue, San Francisco, California. As opposed to "group" candidates, the Court wishes to evaluate the qualifications of single investors, either institutional investors or individu
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ORDER (1) SCHEDULING HEARING ON MOTIONS TO APPOINT LEAD PLAINTIFF, (2) REQUESTING INFORMATION FROM LEAD PLAINTIFF CANDIDATES, (3) SETTING BRIEFING SCHEDULE

WILLIAM ALSUP, District Judge.

All motions to appoint lead plaintiff shall be heard on FEBRUARY 23, 2012, AT 2 P.M. in Courtroom 8, 19th Floor, 450 Golden Gate Avenue, San Francisco, California. As opposed to "group" candidates, the Court wishes to evaluate the qualifications of single investors, either institutional investors or individuals, to serve as lead plaintiff. See In re Network Assocs., Inc., Sec. Litig., 76 F.Supp.2d 1017, 1019-27 (N.D. Cal. 1999). The Court is particularly interested in considering single investors with large losses and in evaluating their experience in managing litigation. Any "group" of movants must narrow its candidates to one or two single investors and file answers to the appended questionnaire by FEBRUARY 9, 2012, including the certification called for therein. Each candidate must attend the hearing on FEBRUARY 23, 2012, and be prepared to answer questions.

All motions to appoint lead plaintiff must be timely filed under 15 U.S.C. 78u-4(a)(3) and must be supplemented by the appended questionnaire and certification. All opposition briefs shall be filed and served by FEBRUARY 9, 2012. Any reply briefs shall be filed and served by FEBRUARY 16, 2012, and shall not exceed ten pages. Each party shall submit only one opposition brief, responding to all other pending motions, and only one reply brief. All questionnaires and other submissions shall be served on all counsel named on the Court's certificate of service.

Applications for class counsel shall be deferred until after the lead plaintiff has been appointed.

IT IS SO ORDERED.

Source:  Leagle

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