In re Aegean Marine Petroleum Network Inc. Securities Litigation

Filing 410

ORDER striking as Withdrawn 394 Motion to Certify Class. ORDERED that the Clerk of Court strike from the docket ECF Nos. 394-97 as withdrawn; and it is further ORDERED that Lead Plaintiff is permitted to file a revised class certification motion; and it is further ORDERED that Lead Plaintiff's proposed revised schedule in its letter of November 14, 2022 is adopted. (Signed by Judge Naomi Reice Buchwald on 11/18/2022) (mml)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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IN RE AEGEAN MARINE
PETROLEUM NETWORK, INC.
SECURITIES LITIGATION
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NAOMI REICE BUCHWALD
UNITED STATES DISTRICT JUDGE

ORDER
18 Civ. 4993 (NRB)

WHEREAS on November 14, 2022, counsel for plaintiffs filed a
letter pursuant to the Court’s Individual Practice 2.B. requesting
a pre-motion conference and seeking leave to file a revised motion
for class certification and a corresponding revision to the briefing
schedule on class certification (ECF No. 409); and
WHEREAS Lead Plaintiff had originally filed its motion for class
certification, supporting memorandum, and declarations on September
12, 2022 (ECF Nos. 394–97); and
WHEREAS Lead Plaintiff thereafter informed the Court of an
agreement in principle to resolve its claims against Defendant Spyros
Gianniotis and obtained a stay of all proceedings and deadlines as
to Defendant Gianniotis on October 27, 2022 (ECF Nos. 407–08); and
WHEREAS if Defendant Gianniotis’s settlement receives final
approval, the sole remaining claim in this action would be a claim
under Section 20A of the Securities Exchange Act of 1934 against
Defendant Dimitris Melissanidis; and
WHEREAS it is in the interest of judicial economy for Lead
Plaintiff to file a revised class certification motion; it is hereby

ORDERED that the Clerk of Court strike from the docket ECF Nos.
394–97 as withdrawn; and it is further
ORDERED that Lead Plaintiff is permitted to file a revised class
certification motion; and it is further
ORDERED that Lead Plaintiff’s proposed revised schedule in its
letter of November 14, 2022 is adopted.
Dated:

New York, New York
November 18, 2022

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NAOMI REICE BUCHWALD
UNITED STATES DISTRICT JUDGE