Nelson v. Maravai Lifesciences Holdings, Inc.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA Shaji NELSON, individually and on Case No.: 25-cv-0499-AGS-AHG behalf of all others similarly situated, ORDER GRANTING ORTIZ’S

UNOPPOSED MOTION TO

Plaintiff,

APPOINT COUNSEL AND LEAD

v. PLAINTIFF (ECF 14) AND DENYING

COMPETING MOTIONS (ECF 13 &

MARAVAI LIFESCIENCES 15) HOLDINGS, INC., et al., Defendants. 10 In this Private Securities Litigation Reform Act case, several individuals have moved for appointment as lead plaintiff along with appointment of lead counsel of their choosing. (See ECF 13, 14, 15.) Under the statute, the lead role presumptively goes to the would-be plaintiff with “the largest financial interest in the relief sought by the class.” In re Cavanaugh, 306 F.3d 726, 730 (9th Cir. 2002) (quoting 15 U.S.C. § 78u-4(a)(3)(B)(iii)(I)). Here, after each movant set out their financial stake, one of the would-be plaintiffs withdrew his request to be appointed and all the others acknowledge that…