Publication Date: 2018-11-14
Practice Area: Class Actions | Securities Litigation
Industry: Automotive | Legal Services | Retail
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Brian E. Farnan and Michael J. Farnan of Farnan LLP, Wilmington, DE; Phillip Kim of The Rosen Law Firm, P.A., New York, NY; Peter B. Andrews, Craig J. Springer and David M. Sborz of Andrews & Springer LLC, Wilmington, DE; Ira M. Press, David A. Bishop and Thomas E. Elrod of Kirby Mcinerney LLP, New York, NY; Jeffrey M. Gorris and Christopher P. Quinn of Friedlander & Gorris, P.A., Wilmington, DE; Danielle S. Myers of Robbins, Geller, Rudman & Dowd LLP, San Diego, CA; P. Bradford deLeeuw of Rosenthal, Monhait & Goddess, P.A.; Naumon A. Amjed, Darren J. Check and Ryan T. Degnan of Kessler Topaz Meltzer & Check, LLP, Radnor, PA, attorneys for plaintiffs
for defendant: Samuel A. Nolen and Katharine L. Mowrey of Richards Layton & Finger, P.A.; Douglas P. Baumstein and Susan L. Grace of White & Case LLP, New York, NY, attorneys for defendants.
Case Number: D68351
Institutional investor with largest financial interest in putative securities fraud class action was entitled to presumption as lead plaintiff despite falling afoul of the 5-in-3 Rule due to the statutory preference for institutional investors serving as lead plaintiffs in securities class actions.