DAHHAN v. OvaScience, Inc. et al

Filing 16

Judge Indira Talwani: ORDER entered. SEE attached MEMORANDUM AND ORDER(MacDonald, Gail)

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UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS FADI DAHHAN, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. OVASCIENCE, INC., et al, Defendant. * * * * * * * * * * Civil Action No. 1:17-cv-10511-IT MEMORANDUM & ORDER July 5, 2017 TALWANI, D.J. Fadi Dahhan filed this class action against Ovascience, Inc., and others alleging violation of federal private securities laws. Compl. [#1]. He subsequently filed a Motion for Appointment as Lead Plaintiff and Approval of Counsel [#8], and Freedman Family Investments, LLC, filed a Motion for Appointment as Lead Plaintiff and Approval of Selection of Counsel [#11]. On June 9, 2017, Dahhan filed a Notice of Non-Opposition to Competing Motion for Appointment as Lead Plaintiff and Approval of Selection of Counsel [#14]. Alleging losses of nearly $2,162,690 in connection with their purchases of OvaScience securities, Freedman Family Investments asserts the largest financial interest in the relief sought by the class. Decl. Alan L. Kovacs Ex. B [#13-2]. Accordingly, Dahhan’s Motion for Appointment as Lead Plaintiff and Approval of Counsel [#8] is DENIED and Freedman Family Investments’ Motion for Appointment as Lead Plaintiff and Approval of Selection of Counsel [#11] is ALLOWED. The court approves Freedman Family Investments as lead plaintiff for the class. The court further approves Freedman Investments’ selection of (1) Robins Geller Rudman & Dowd LLP as lead counsel and (2) the Law Office of Alan L. Kovacs to serve as local counsel. IT IS SO ORDERED. Date: July 5, 2017 /s/ Indira Talwani United States District Judge 2

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