Yuksel

Yuksel v. Ventyx Biosciences, Inc.

Good Law
United States District Court, Southern District of CaliforniaDecember 10, 20243:24-cv-00415California1,201 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA Omer YUKSEL, Case No.: 3:24-cv-0415-AGS-DDL Plaintiff, ORDER GRANTING MOTION TO v. APPOINT LEAD PLAINTIFF AND

COUNSEL (ECF 21)

VENTYX BIOSCIENCES, INC., et al., 6 Defendants. 7 “This is a federal securities class action” subject to the Private Securities Litigation Reform Act of 1995. (ECF 1, at 2); 15 U.S.C. § 78u-4(a)(1). The PSLRA requires the Court to appoint a “lead” plaintiff and counsel. 15 U.S.C. § 78u-4(a)(3)(B)(i), (v). Amir Ahmadi moves that he and his counsel do the honors. (ECF 21.) MOTION TO APPOINT LEAD PLAINTIFF The court must “appoint as lead plaintiff the member . . . of the purported plaintiff class that the court determines to be most capable of adequately representing the interests of class members.” 15 U.S.C. § 78u-4(a)(3)(B)(i). There is a rebuttable presumption that the “most adequate plaintiff” is the movant that satisfies a “simple three-step process”: publication, practical adequacy,…

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