In re Facebook, Inc. Shareholder Derivative Privacy Litigation

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6

IN RE FACEBOOK, INC.

7 SHAREHOLDER DERIVATIVE Case No. 18-cv-01792-HSG

PRIVACY LITIGATION

8 ORDER DENYING PLAINTIFFS’

MOTION TO LIFT DISCOVERY STAY

9 This Document Relates To: Re: Dkt. No. 114 10

ALL ACTIONS

11

12 13 Pending before the Court is Plaintiffs’ motion to lift the Private Securities Litigation 14 Reform Act (“PSLRA”) discovery stay. See Dkt. No. 114-1 (“Mot.”). The Court finds this matter 15 appropriate for disposition without oral argument and the matter is deemed submitted. See Civ. 16 L.R. 7–1(b). After careful consideration, the Court DENIES Plaintiffs’ motion to lift the stay. 17 I. BACKGROUND 18 The Court assumes familiarity with the facts and briefly recounts the factual and 19 procedural history relevant to the present motion. Plaintiffs bring this consolidated shareholder 20 derivative action against nominal Defendant Facebook and individual Defendants for claims 21 related to Facebook’s data privacy protection policies and practices, in the wake of…