Sabatino v. Rooney et al
Filing
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ORDER by Judge Edward M. Chen Granting 13 the Motion of Henry Low for Consolidation, Appointment as Lead Plaintiff, and Approval of Lead Counsel. (emcsec, COURT STAFF) (Filed on 5/5/2015)
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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JOSEPH SABATINO, Individually and on
Behalf of All Others Similarly Situated,
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No. C-15-0265 EMC
No. C-15-0374 EMC
Plaintiff,
CONSOLIDATED CASES
v.
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For the Northern District of California
United States District Court
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THOMAS S. ROONEY, JR., et al.,
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Defendants.
___________________________________/
ORDER GRANTING THE MOTION OF
HENRY LOW FOR CONSOLIDATION,
APPOINTMENT AS LEAD PLAINTIFF,
AND APPROVAL OF LEAD COUNSEL
THOMAS C. MOWDY, Individually and on
Behalf of All Others Similarly Situated,
(Docket No. 13)
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Plaintiff,
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v.
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THOMAS S. ROONEY, JR., et al.,
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Defendants.
___________________________________/
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Having considered the papers filed in support of the Motion of class member Henry Low
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(“Movant”) for Consolidation of the Actions, Appointment as Lead Plaintiff, and Approval of Lead
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Counsel pursuant to the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), 15 U.S.C.
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§ 78u-4(a)(3)(B), and for good cause shown, the Court hereby enters the following Order:
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I.
1.
CONSOLIDATION OF RELATED ACTIONS
The above-captioned securities fraud class actions pending in this Judicial District are
hereby consolidated for all purposed pursuant to Rule 42(a) of the Federal Rules of Civil Procedure.
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Any actions that have been filed, or may be filed, which are related and which may be considered
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herewith, are consolidated under Case No. 3:15-cv-00265-EMC (the “Consolidated Action”).
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2.
A Master File is hereby established for the consolidated proceedings in the
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Consolidated Action. The docket number for the Master File shall be Master File No.
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3:15-cv-00265-EMC. The original of this Order shall be filed by the Clerk in the Master File. The
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Clerk shall e-file a copy of this Order in each of the above-captioned actions.
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3.
Every pleading filed in the Consolidated Action shall bear the following caption:
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Master File No. 3:15-cv-00265 EMC
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For the Northern District of California
United States District Court
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IN RE ENERGY RECOVERY INC.
SECURITIES LITIGATION
___________________________________/
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II.
4.
APPOINTMENT OF LEAD PLAINTIFF AND LEAD COUNSEL
Movant Low has moved this Court to be appointed as Lead Plaintiff in the
Consolidated Action and to approve the counsel he retained to be Lead Counsel.
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Having considered the provisions of Section 21D(a)(3)(B) of the PSLRA, 15 U.S.C. §
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78u-4(a)(3)(B), the Court hereby determines that Movant is the most adequate plaintiff and satisfies
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the requirements of the PSLRA. The Court hereby appoints Movant as Lead Plaintiff to represent
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the interests of the class.
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6.
Pursuant to Section 21D(a)(3)(B)(v) of the PSLRA, 15 U.S.C. § 78u-4(a)(3)(B)(v),
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Movant has selected and retained the law firm Levi & Korsinsky LLP to serve as Lead Counsel and
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Punzalan Law, P.C. to serve as Liaison Counsel. The Court approves Movant’s selection of Lead
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Counsel and Liaison Counsel for the Consolidated Action. Counsel shall review and abide by the
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Court’s guidelines to limit costs and expenses used in other cases. See, e.g., In Re Carrier IQ, No.
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C-12-2330 EMC (N.D. Cal.) (Docket No. 110).
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7.
Lead Counsel shall have the following responsibilities and duties, to be carried out
either personally or through counsel whom Lead Counsel shall designate:
a.
to coordinate the briefing and argument of any and all motions;
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b.
to coordinate the conduct of any and all discovery proceedings;
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to coordinate the examination of any and all witnesses in depositions;
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to coordinate the selection of counsel to act as spokesperson at all pretrial
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to call meetings of the plaintiffs’ counsel as they deem necessary and
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appropriate from time to time;
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f.
to coordinate all settlement negotiations with counsel for defendants;
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g.
to coordinate and direct the pretrial discovery proceedings and the preparation
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for trial and the trial of this matter, and to delegate work responsibilities to selected counsel as may
be required;
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For the Northern District of California
United States District Court
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conferences;
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to coordinate the preparation and filings of all pleadings; and
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to supervise all other matters concerning the prosecution or resolution of the
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claims asserted in the Consolidated Action.
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No motion, discovery request, or other pretrial proceedings shall be initiated or filed
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by any plaintiffs without the approval of Lead Counsel, so as to prevent duplicative pleadings or
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discovery by plaintiffs. No settlement negotiations shall be conducted without the approval of the
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Lead Counsel.
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9.
Service upon any plaintiff of all pleadings, motions, or other papers in the
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Consolidated Action, except those specifically addressed to a plaintiff other than Lead Plaintiff, shall
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be completed upon service of Lead Counsel.
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10.
Lead Counsel shall be the contact between plaintiffs’ counsel and defendants’
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counsel, as well as the spokespersons for all plaintiffs’ counsel, and shall direct and coordinate the
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activities of plaintiffs’ counsel. Lead Counsel shall be the contact between the Court and plaintiffs
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and their counsel.
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III.
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NEWLY FILED OR TRANSFERRED ACTIONS
When a case that arises out of the subject matter of this action is hereinafter filed in
this Court or transferred from another Court, the Clerk of this Court shall:
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file a copy of this Order in the separate file for such action;
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b.
filed or transferred case and to any new defendant(s) in the newly filed or transferred case; and
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deliver a copy of this Order to the attorneys for the plaintiff(s) in the newly
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make the appropriate entry on the docket for this action.
Each new case that arises out of the subject matter of the action that is filed in this
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Court or transferred to this Court shall be consolidated with the Consolidated Action and this Order
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shall apply thereto, unless a party objecting to this Order or any provision of this Order shall, within
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ten (10) days after the date upon which a copy of this Order is served on counsel for such party, file
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an application for relief from this Order or any provision herein and this Court deems it appropriate
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to grant such application.
This order disposes of Docket No. 13.
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For the Northern District of California
United States District Court
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IT IS SO ORDERED.
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Dated: May 5, 2015
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_________________________
EDWARD M. CHEN
United States District Judge
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