Flannery

Flannery v. Snowflake Inc.

Good Law
United States District Court, Northern District of CaliforniaAugust 29, 20245:24-cv-01234California3,182 words

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…

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