Hayes

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 WAYNE HAYES, individually and on Case No. 24-cv-04249-JD behalf of all others similarly situated, 8 Plaintiffs, ORDER RE LEAD PLAINTIFF AND LEAD COUNSEL v. 10 ENPHASE ENERGY, INC., et al., 11 Defendants.

12 This is a putative shareholder class action alleging securities fraud by defendant Enphase Energy, Inc. and its officers. Dkt. No. 1. From an initial group of six, three shareholders now vie for the role of lead plaintiff and request that their counsel be appointed as lead counsel. See Dkt. No. 17 (motion of Daniel C. Smith for appointment as lead plaintiff and approval of counsel); Dkt. No. 24 (motion of Lon D. Praytor); Dkt. No. 32 (motion of Andrey Ponomarchuk).1 I. LEAD PLAINTIFF A. Step One The Court has discussed in other orders the three-step process for appointing a lead plaintiff under the Private Securities Litigation Reform Act (PSLRA), 15 U.S.C. § 78u-4(a)(3)(B). See In re Stitch Fix, Inc. Sec. Litig., 393 F. Supp. 3d. 833…