Flannery
Flannery v. Snowflake Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SUZANNE L. FLANNERY, Case No. 24-cv-01234-PCP
Plaintiff,
ORDER APPOINTING LEAD
v. PLAINTIFF AND LEAD COUNSEL
SNOWFLAKE INC., et al., Re: Dkt. Nos. 15, 34 Defendants.
12 This is a putative securities class action against Snowflake, Inc., Snowflake’s CEO and Chairman of the Board Frank Slootman, and Snowflake’s CFO Michael P. Scarpelli. Seven movants filed motions to appoint lead plaintiff and lead counsel, only two of which remain before the Court for consideration. NYC Funds1 moves for appointment as the presumptive lead plaintiff with the largest financial interest. NYC Funds proposes that its counsel at Grant & Eisenhofer P.A. serve as lead counsel. New York State Common Retirement Fund (“NYSCRF”)2 also moves for appointment as lead plaintiff, arguing that NYC Funds constitutes an impermissibly large group and that as the individual movant with the largest financial interest, NYSCRF is the presumptive lead plaintiff. NYSCRF…