In re Xunlei Limited Securities Litigation

Filing 19

OPINION AND ORDER re: (8 in 1:18-cv-00467-RJS) MOTION to Appoint Hesong Sun to serve as lead plaintiff(s), filed by Hesong Sun, (5 in 1:18-cv-00467-RJS, 5 in 1:18-cv-00467-RJS) MOTION to Consolidate Cases 1:18-cv-00467: 1:18-cv-00646 and Appoint Lead Plaintiff, MOTION to Appoint Counsel, filed by Tongyan Wang, Yuyan Jia. IT IS HEREBY ORDERED that Wang and Jia's motion for appointment as lead plaintiffs is GRANTED, and Hesong Sun's motion for appointment as lead plaintiff is DENIED. IT IS FURTHER ORDERED THAT Pomerantz LLP shall serve as lead counsel for the putative class. As provided in the Court's April 2, 2018 Order (Doc. No. 16), Wang and Jia shall file a joint Letter within ten days - that is, by April 23, 2018 - proposing a schedule for the filing of a consolidated amended complaint and Defendants' answer. IT IS FURTHER ORDERED THAT the above-captioned cases shall be consolidated under the caption In re Xunlei Limited Securities Litigation, No. 18-cv-467 (RJS). The Clerk of Court is respectfully to close the case numbered 18-cv-646 (RJS) and to terminate the motions pending at docket numbers 5 and 8 in this case. (Signed by Judge Richard J. Sullivan on 4/12/2018) (ras)