Sgarlata v. PayPal Holdings, Inc. et al

Filing 22

ORDER for Supplemental Briefing by Friday, Mar. 2, 2018 re #14 MOTION to Appoint Lead Plaintiff and Lead Counsel filed by Edwin K. Bell. Signed by Judge Edward M. Chen on February 27, 2018. (emclc1, COURT STAFF) (Filed on 2/27/2018)

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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RONALD SGARLATA,
Plaintiff,

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ORDER FOR SUPPLEMENTAL
BRIEFING RE: MOVANT BELL'S
APPLICATION

v.
PAYPAL HOLDINGS, INC., et al.,

Docket No. 14

Defendants.

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For the Northern District of California

United States District Court

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Case No. 17-cv-06956-EMC

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Movant Bell appears to have purchased securities in PayPal on November 28, 2017 and

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December 1, 2017, after PayPal allegedly suspended its TIO services on November 10, 2017 and

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disclosed the breach of personally identifiable information on December 1, 2017. See Compl.

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¶¶ 5, 6; Pafiti Decl., Ex. C. Moreover, the securities are in the form of option contracts rather than

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stock. Movant Bell is directed to file a supplemental brief not to exceed 5 pages by Friday, March

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2, 2018 discussing what effect, if any, the timing and nature of his security interest has on

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typicality and adequacy, including with respect to reliance.

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IT IS SO ORDERED.
Dated: February 27, 2018
______________________________________
EDWARD M. CHEN
United States District Judge