Michael Chupa v. Armstrong Flooring, Inc.

I. INTRODUCTION AND BACKGROUND

Plaintiff Michael Chupa filed this proposed securities class action against defendants Armstrong Flooring, Inc. (“AF”) and related persons and entities (collectively, “defendants”) on November 15, 2019. See ECF No. 1 (“Compl.”). Movants Harry Lerner, David Swee, and Randy Marker (collectively, “movants’) are plaintiff-investors in AF who claim to have suffered losses as a result of defendants’ securities law violations related to their alleged failure to disclose material information between March 6, 2018 and November 4, 2019. Id. 1-8. Before the Court are each of their motions for appointment as lead plaintiff, and for approval of their selection of counsel as lead counsel, filed on January 14, 2020 pursuant to the Private Securities Litigation Reform Act of 1995 (“PSLRA”), 15 § 78u-4(a)(3)(B). See ECF No. 8 (“Lerner Mot.”), ECF No. 12 (“Swee Mot.”), ECF No. 15 (“Marker Mot.”). The movants filed oppositions on February 3, 2020, see ECF No. 22 (“Swee Opp.”), ECF No. 23 (“Lerner Opp.”), ECF No. 26 (“Marker Opp.”), and replies on February 10, 2020, see ECF No. 28 (“Lerner Reply”), ECF No. 29 (“Marker Reply”), ECF…