In Re Inogen, Inc. Derivative Litigation

Good Law
United States District Court, Central District of CaliforniaDecember 13, 20192:19-cv-05568California477 words

Opinion

trial_court Opinion

CENTRAL DISTRICT OF CALIFORNIA

CIVIL MINUTES - GENERAL

Case No. CV 19-5568 FMO (AGRx) Date December 13, 2019 Title Twana Brown v. Scott Wilkinson, et al.

Present: The Honorable Fernando M. Olguin, United States District Judge Cheryl Wynn None None Deputy Clerk Court Reporter / Recorder Tape No. Attorney Present for Plaintiff(s): Attorney Present for Defendant(s): None Present None Present Proceedings: (In Chambers) Order to Show Cause Re: Consolidation of Actions On June 26, 2019, plaintiff Twana Brown (“plaintiff Brown”) filed a shareholder derivative complaint on behalf of Inogen, Inc. (“Inogen”) against various of Inogen’s corporate officers (collectively, “defendants”). (See Twana Brown v. Scott Wilkinson, et al., Case No. CV 19-5568 FMO (AGRx) (C.D. Cal.) (“Brown”), Dkt. 1, “Brown Complaint” at ¶¶ 1, 26-73). Plaintiff Brown alleges claims for violation of § 14(a) of the Exchange Act, breach of fiduciary duty, unjust enrichment, and waste of corporate assets. Plaintiff Brown’s claims arise from allegations that defendants misled investors about the reasons for Inogen’s initial…

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