In re Facebook, Inc. Shareholder Derivative Privacy Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

IN RE FACEBOOK, INC.

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

PRIVACY LITIGATION

ORDER DENYING PLAINTIFFS’

MOTION TO LIFT DISCOVERY STAY

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

ALL ACTIONS

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