In re Pivotal Securities Litigation

Good Law
United States District Court, Northern District of CaliforniaNovember 8, 20193:19-cv-03589California7,970 words

Opinion

Trial Court Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 STEVEN DOHERTY, et al., Case No. 3:19-cv-03589-CRB

Plaintiffs,

ORDER GRANTING

v. CONSOLIDATION AND

APPOINTING LEAD PLAINTIFF

PIVOTAL SOFTWARE, INC., et al., AND LEAD COUNSEL Defendants.

13 This case stems from three class actions alleging violations of the Securities Exchange Act and the Securities Act. Purchasers of Pivotal Software, Inc.’s (“Pivotal’s”) securities assert that they are entitled to damages caused by Pivotal’s alleged false and/or misleading statements about its financial and business condition. Three sets of motions are now pending—for consolidation, appointment as lead plaintiff, and approval of lead counsel pursuant to the Private Securities Litigation Reform Act of 1995 (“PSLRA”). Most substantial are the motions for appointment of lead plaintiff. Originally, five different plaintiffs sought to be named lead plaintiff. Three of those subsequently withdrew or chose not to oppose, leaving two…

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