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Chen v. Illumina, Inc.

United States District Court, S.D. California

March 30, 2017

YI FAN CHEN, and FRONTLINE GLOBAL TRADING PTE. LTD., Individually and on Behalf of All Others Similarly Situated, Plaintiffs,
v.
ILLUMINA, INC., FRANCIS A. DESOUZA, and MARC A. STAPLEY, Defendants. JAMES MCLEOD, Individually and on Behalf of All Others Similarly Situated, Plaintiff,
v.
ILLUMINA, INC., FRANCIS A. DESOUZA, and MARC A. STAPLEY, Defendants.

          ORDER GRANTING MOTION OF NATISSISA ENTERPRISES LTD. FOR CONSOLIDATION OF THE ACTIONS, APPOINTMENT AS LEAD PLAINTIFF, AND APPROVAL OF SELECTION OF COUNSEL

          Hon M. James Lorenz United States District Judge.

         Having considered the papers filed in support of the Motion of class member Natissisa Enterprises Ltd. (“Movant”) for Consolidation of the Actions, Appointment as Lead Plaintiff, and Approval of Selection of Counsel pursuant to the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), 15 U.S.C. § 78u-4(a)(3)(B), and for good cause shown, the Court hereby ORDERS as follows:

         I. CONSOLIDATION OF RELATED ACTIONS

         1. The above-captioned securities fraud class actions (the “Actions”) pending in this Judicial District are hereby consolidated for all purposes pursuant to Rule 42(a) of the Federal Rules of Civil Procedure.

         2. A Master File is hereby established for the consolidated proceedings in the Consolidated Action. The docket number for the Master File shall be Master File No. 3:16-cv-03044-L-MDD. The original of this Order shall be filed by the Clerk in the Master File. The Clerk shall mail a copy of this Order to counsel of record in each of the above-captioned actions.

         3. Every pleading filed in the Consolidated Action shall bear the following caption:

IN RE ILLUMINA, INC. SECURITIES LITIGATION
Master File No. 3:16-cv-03044-L-MDD

         II. APPOINTMENT OF LEAD PLAINTIFF AND COUNSEL

         4. Movant has moved this Court to be appointed as Lead Plaintiff in the Actions and to approve the counsel he retained to be Lead Counsel.

         5. Having considered the provisions of Section 21D(a)(3)(B) of the PSLRA, 15 U.S.C. § 78u-4(a)(3)(B), the Court hereby determines that Movant is the most adequate plaintiff and satisfies the requirements of the PSLRA. The Court hereby appoints Movant as Lead Plaintiff to represent the interests of the class.

         6. Pursuant to Section 21D(a)(3)(B)(v) of the PSLRA, 15 U.S.C. § 78u-4(a)(3)(B)(v), Movant has selected and retained the law firm of Levi & Korsinsky LLP to serve as Lead Counsel. The Court approves Movant's selection of Lead Counsel.

         7. Lead Counsel shall have the following responsibilities and duties, to be carried out either personally or through ...


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