Averza

Averza v. Super Micro Computer, Inc.

Good Law
United States District Court, Northern District of CaliforniaJanuary 27, 20255:24-cv-06147California7,007 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 JOSEPH AVERZA, et al., Case No. 24-cv-06147-EJD (SVK)

Plaintiffs,

ORDER RESOLVING

v. DISCOVERY DISPUTES

SUPER MICRO COMPUTER, INC., et al., Re: Dkt. Nos. 105-08 Defendants.

Crain Walnut Shelling, LP (“CWS”) and Universal-Investment-Gesellschaft mbH (“Universal”) are vying for the top spot of lead plaintiff in this putative, securities class action, which arises out of alleged misrepresentations disseminated by Super Micro Computer, Inc. (“Super Micro”), and two of its executives. The presiding judge, the Honorable Edward J. Davila, declared CWS the presumptive lead plaintiff but found that Universal had “raised serious questions” about CWS’s “fitness for that role.” See Dkt. 99 at 2. Judge Davila accordingly ordered the Parties to conduct discovery into three narrow topics:  Topic 1: CWS’s “ownership structure and decision-making processes.” See id. at 6-7. Judge Davila opened discovery into this topic to…

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