In re Cloudera, Inc. Securities Litigation

I. BACKGROUND

1 On June 7, 2019, Plaintiff Shanice Christie filed a securities class action complaint 2 (“Complaint”) against Defendant Cloudera, Inc. (“Cloudera”); its former Chief Executive Officer, 3 Thomas J. Reilly; its Chief Financial Officer, Jim Frankola; and its former Chief Strategy Officer, 4 Michael A. Olson (collectively, “Defendants”). ECF No. 1. The Complaint asserted two claims 5 under the Securities Exchange Act of 1934 (the “Exchange Act”) (codified at 15 U.S.C. § 78a– 6 78qq). The Complaint defined the class as “all purchasers of Cloudera common stock between 7 April 28, 2017 and June 5, 2019, inclusive.” Compl. ¶ 1. 8 Pursuant to the Private Securities Litigation Reform Act (“PSLRA”), Christie published 9 notice of the action to potential lead plaintiffs. ECF No. 14-1 at 14–16; see 15 U.S.C. § 78u- 10 4(a)(3)(A). Subsequently, the Court received ten separate motions seeking appointment as lead 11 plaintiff. ECF Nos. 14, 17, 22, 26, 29, 34, 36, 43, 48, 54. On December 16, 2019, the Court 12 appointed Marius J. Klin and the Marius J. Klin MD PA 401K Profit Sharing Plan (collectively, 13 “Klin”) as lead plaintiffs pursuant to the PSLRA, 15 U.S.C. §…