Desilvio v. LION BIOTECHNOLOGIES, INC. et al

Filing 35

ORDER RE: PROPOSED LEAD PLAINTIFFS (Illston, Susan) (Filed on 7/7/2017)

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1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 LEONARD DESILVIO, Plaintiff, 8 9 ORDER RE: PROPOSED LEAD PLAINTIFFS v. 10 LION BIOTECHNOLOGIES, INC., et al., 11 United States District Court Northern District of California Case No. 17-cv-02086-SI Defendants. 12 The Court is in receipt of three competing motions to appoint lead plaintiff and lead 13 counsel in this case. The three movants for lead plaintiff are: (1) Kimberly Colautti and Michele 14 Rosati (together, “Colautti and Rosati”), Dkt. No. 10; (2) Jay Rabkin (“Rabkin”), Dkt. No. 13; and 15 (3) Su Yee Lynn Ho, Sriram Sundareswaran, Manfred E. Strauch, and Kevin Fong (together, the 16 “Lion Investor Group” or “LIG”), Dkt. No. 20. 17 Each movant has filed the necessary certification, see Dkt. Nos. 11-1, 14-1, 21-2. 18 However, the information provided there is skeletal. Prior to decision on the motions, the Court 19 requires more information about the various movants. Accordingly, each individual movant is 20 hereby ordered to file a brief declaration on or before July 14, 2017, setting forth: (i) each 21 individual’s city and state of residence; (ii) each individual’s occupation; (iii) whether and to what 22 23 24 25 26 27 28 extent the moving individuals are familiar with one another; (iv) how each individual came to retain his/her respective lawyer(s); and (v) the general nature of each individual’s investment in Lion Biotechnologies, Inc. IT IS SO ORDERED. Dated: July 7, 2017 ______________________________________ SUSAN ILLSTON United States District Judge

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